Ichor (NASDAQ:ICHR) PT Raised to $45.00 at Stifel Nicolaus

Ichor (NASDAQ:ICHR - Free Report) had its target price lifted by Stifel Nicolaus from $40.00 to $45.00 in a report released on Tuesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company's stock.

Several other research firms have also recently issued reports on ICHR. Craig Hallum began coverage on Ichor in a research note on Tuesday, April 9th. They set a buy rating and a $55.00 target price for the company. TD Cowen raised their target price on Ichor from $31.00 to $42.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. B. Riley reissued a neutral rating and set a $40.00 target price (up previously from $36.00) on shares of Ichor in a research note on Friday, March 15th. Finally, Needham & Company LLC reissued a buy rating and set a $42.00 target price on shares of Ichor in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $44.80.

Ichor Trading Up 3.2 %

Ichor stock traded up $1.21 during trading on Tuesday, reaching $39.29. 300,055 shares of the company were exchanged, compared to its average volume of 310,316. Ichor has a 52-week low of $22.26 and a 52-week high of $46.43. The company has a market capitalization of $1.30 billion, a P/E ratio of -26.73 and a beta of 2.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.06 and a quick ratio of 1.57. The stock's 50 day simple moving average is $40.56 and its two-hundred day simple moving average is $33.65.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.13). Ichor had a negative return on equity of 0.88% and a negative net margin of 5.30%. The company had revenue of $203.48 million for the quarter, compared to analysts' expectations of $197.50 million. On average, equities research analysts expect that Ichor will post 0.23 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Philip Ryan Sr. Barros sold 7,226 shares of Ichor stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.39, for a total value of $327,988.14. Following the completion of the sale, the chief technology officer now directly owns 50,490 shares of the company's stock, valued at $2,291,741.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Thomas M. Rohrs sold 50,000 shares of Ichor stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.37, for a total value of $2,268,500.00. Following the completion of the transaction, the director now directly owns 43,764 shares in the company, valued at $1,985,572.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Philip Ryan Sr. Barros sold 7,226 shares of Ichor stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.39, for a total value of $327,988.14. Following the completion of the transaction, the chief technology officer now owns 50,490 shares of the company's stock, valued at $2,291,741.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,659 shares of company stock valued at $3,652,848. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings in Ichor by 39.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company's stock valued at $102,000 after purchasing an additional 854 shares during the period. Vanguard Group Inc. boosted its holdings in Ichor by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,664,652 shares of the technology company's stock valued at $89,612,000 after purchasing an additional 41,104 shares during the period. Wellington Management Group LLP boosted its holdings in Ichor by 68.5% in the fourth quarter. Wellington Management Group LLP now owns 291,389 shares of the technology company's stock valued at $9,799,000 after purchasing an additional 118,498 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Ichor by 12.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 337,480 shares of the technology company's stock valued at $11,349,000 after purchasing an additional 38,370 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Ichor by 7.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,953 shares of the technology company's stock worth $234,000 after buying an additional 506 shares during the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.