Ichor (NASDAQ:ICHR) Now Covered by Analysts at Craig Hallum

Investment analysts at Craig Hallum assumed coverage on shares of Ichor (NASDAQ:ICHR - Get Free Report) in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a $55.00 price target on the technology company's stock. Craig Hallum's price target would indicate a potential upside of 38.16% from the stock's previous close.

ICHR has been the topic of several other research reports. B. Riley reiterated a "neutral" rating and set a $40.00 price target (up previously from $36.00) on shares of Ichor in a research report on Friday, March 15th. Needham & Company LLC reiterated a "buy" rating and set a $42.00 price target on shares of Ichor in a research report on Tuesday, March 19th. Finally, TD Cowen boosted their price target on shares of Ichor from $31.00 to $42.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $43.80.

Ichor Trading Up 3.7 %

Shares of NASDAQ:ICHR traded up $1.43 during midday trading on Tuesday, hitting $39.81. 240,374 shares of the stock traded hands, compared to its average volume of 315,913. The stock has a market capitalization of $1.31 billion, a PE ratio of -27.08 and a beta of 2.02. The business's 50 day moving average is $40.37 and its two-hundred day moving average is $33.29. 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.

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ICHR. Nuveen Asset Management LLC lifted its stake in shares of Ichor by 450.2% in the second quarter. Nuveen Asset Management LLC now owns 489,527 shares of the technology company's stock worth $18,357,000 after buying an additional 400,548 shares in the last quarter. FMR LLC lifted its stake in shares of Ichor by 9.4% in the third quarter. FMR LLC now owns 3,103,779 shares of the technology company's stock worth $96,093,000 after buying an additional 265,677 shares in the last quarter. Macquarie Group Ltd. lifted its position in Ichor by 25.9% during the first quarter. Macquarie Group Ltd. now owns 1,232,284 shares of the technology company's stock valued at $40,345,000 after purchasing an additional 253,478 shares during the period. Alliancebernstein L.P. lifted its position in Ichor by 18.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,456,238 shares of the technology company's stock valued at $39,056,000 after purchasing an additional 228,828 shares during the period. Finally, Millennium Management LLC bought a new position in Ichor during the fourth quarter valued at approximately $4,995,000. Institutional investors own 94.81% of the company's stock.

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.