TD Cowen Increases Ichor (NASDAQ:ICHR) Price Target to $48.00

Ichor (NASDAQ:ICHR - Free Report) had its price target lifted by TD Cowen from $42.00 to $48.00 in a research report released on Wednesday morning, Marketbeat reports. TD Cowen currently has a buy rating on the technology company's stock.

ICHR has been the subject of a number of other reports. B. Riley raised Ichor from a neutral rating to a buy rating and increased their target price for the stock from $40.00 to $48.00 in a report on Friday, April 19th. Needham & Company LLC reissued a buy rating and issued a $42.00 target price on shares of Ichor in a report on Tuesday, March 19th. Craig Hallum began coverage on Ichor in a report on Tuesday, April 9th. They issued a buy rating and a $55.00 target price for the company. Finally, Stifel Nicolaus increased their target price on Ichor from $40.00 to $45.00 and gave the stock a buy rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $46.60.

Ichor Stock Performance

Shares of ICHR stock traded down $1.10 during mid-day trading on Wednesday, reaching $37.86. The stock had a trading volume of 760,200 shares, compared to its average volume of 308,609. The firm's 50 day simple moving average is $39.00 and its 200 day simple moving average is $34.62. The company has a quick ratio of 1.57, a current ratio of 4.06 and a debt-to-equity ratio of 0.43. Ichor has a one year low of $22.26 and a one year high of $46.43. The firm has a market cap of $1.25 billion, a PE ratio of -25.75 and a beta of 1.98.

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 firm had revenue of $203.48 million during the quarter, compared to the consensus estimate of $197.50 million. On average, analysts forecast that Ichor will post 0.23 EPS for the current year.

Insider Activity

In other Ichor news, Director Thomas M. Rohrs sold 50,000 shares of Ichor stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $45.37, for a total transaction of $2,268,500.00. Following 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 filing with the SEC, which is accessible through this hyperlink. In other news, Director Thomas M. Rohrs sold 50,000 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 43,764 shares in the company, valued at $1,985,572.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Philip Ryan Sr. Barros sold 7,226 shares of Ichor stock in a transaction dated 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 sale, the chief technology officer now directly owns 50,490 shares in the company, valued at approximately $2,291,741.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,659 shares of company stock valued at $3,652,848. Company insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On Ichor

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Ichor during the third quarter worth $143,000. Signaturefd LLC increased its stake in Ichor by 207.2% in the 3rd quarter. Signaturefd LLC now owns 1,109 shares of the technology company's stock valued at $34,000 after buying an additional 748 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in Ichor in the third quarter valued at about $582,000. Swiss National Bank lifted its stake in shares of Ichor by 1.1% during the 3rd quarter. Swiss National Bank now owns 63,900 shares of the technology company's stock valued at $1,978,000 after buying an additional 700 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in shares of Ichor by 21.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 311,707 shares of the technology company's stock valued at $9,650,000 after buying an additional 55,229 shares in the last quarter. 94.81% of the stock is currently owned by 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.