Analysts Set Ichor Holdings, Ltd. (NASDAQ:ICHR) Target Price at $43.80

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $43.80.

A number of analysts have recently issued reports on the stock. Craig Hallum assumed coverage on shares of Ichor in a research note on Tuesday. They set a "buy" rating and a $55.00 target price for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $42.00 price target on shares of Ichor in a research report on Tuesday, March 19th. TD Cowen raised their price target on shares of Ichor from $31.00 to $42.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 7th. Finally, B. Riley reaffirmed a "neutral" rating and set a $40.00 price target (up from $36.00) on shares of Ichor in a research report on Friday, March 15th.

Insider Buying and Selling at Ichor

In other Ichor news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the firm's 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 transaction, the chief technology officer now directly owns 50,490 shares of the company's stock, valued at approximately $2,291,741.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Christopher Smith sold 23,433 shares of Ichor stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the sale, the insider now directly owns 70,329 shares of the company's stock, valued at approximately $3,170,431.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Philip Ryan Sr. Barros sold 7,226 shares of Ichor stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $45.39, for a total transaction of $327,988.14. Following the sale, the chief technology officer now directly owns 50,490 shares in the company, valued at $2,291,741.10. The disclosure for this sale can be found here. Insiders have sold a total of 80,659 shares of company stock valued at $3,652,848 in the last ninety days. 2.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ichor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its holdings in shares of Ichor by 48.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,155 shares of the technology company's stock valued at $28,000 after purchasing an additional 376 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Ichor during the 2nd quarter worth approximately $28,000. Signaturefd LLC boosted its position in Ichor by 207.2% during the 3rd quarter. Signaturefd LLC now owns 1,109 shares of the technology company's stock worth $34,000 after buying an additional 748 shares during the period. CWM LLC boosted its position in Ichor by 87.1% during the 4th quarter. CWM LLC now owns 1,100 shares of the technology company's stock worth $37,000 after buying an additional 512 shares during the period. Finally, UBS Group AG boosted its position in Ichor by 73.8% during the 3rd quarter. UBS Group AG now owns 1,582 shares of the technology company's stock worth $39,000 after buying an additional 672 shares during the period. 94.81% of the stock is owned by institutional investors.

Ichor Stock Performance

ICHR stock traded down $0.53 during trading hours on Friday, reaching $38.90. The stock had a trading volume of 194,466 shares, compared to its average volume of 312,139. The stock has a market capitalization of $1.28 billion, a PE ratio of -26.46 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 has a 50-day simple moving average of $40.49 and a 200 day simple moving average of $33.44. Ichor has a fifty-two week low of $22.26 and a fifty-two week high of $46.43.

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

Ichor Company Profile

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.