Craig Hallum Cuts Ichor (NASDAQ:ICHR) Price Target to $50.00

Ichor (NASDAQ:ICHR - Free Report) had its target price reduced by Craig Hallum from $55.00 to $50.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the technology company's stock.

Several other equities research analysts have also issued reports on ICHR. Needham & Company LLC reaffirmed a hold rating and set a $42.00 target price on shares of Ichor in a research report on Wednesday. Stifel Nicolaus raised their price objective on shares of Ichor from $40.00 to $45.00 and gave the stock a buy rating in a report on Tuesday, April 16th. B. Riley upgraded shares of Ichor from a neutral rating to a buy rating and boosted their target price for the company from $40.00 to $48.00 in a research note on Friday, April 19th. Finally, TD Cowen raised their price target on shares of Ichor from $42.00 to $48.00 and gave the stock a buy rating in a research note on Wednesday. One 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 company. According to data from MarketBeat.com, Ichor currently has a consensus rating of Moderate Buy and an average price target of $46.60.

Ichor Stock Down 2.8 %

Shares of ICHR traded down $1.10 during trading hours on Wednesday, reaching $37.86. 760,200 shares of the stock traded hands, compared to its average volume of 308,609. Ichor has a 52 week low of $22.26 and a 52 week high of $46.43. The company has a current ratio of 4.06, a quick ratio of 1.57 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $39.00 and a 200 day simple moving average of $34.62. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -25.75 and a beta of 1.98.

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

Insider Activity at Ichor

In other news, insider Christopher Smith sold 23,433 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.08, for a total value of $1,056,359.64. Following the completion of the transaction, the insider now directly owns 70,329 shares of the company's stock, valued at $3,170,431.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Christopher Smith sold 23,433 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.08, for a total value of $1,056,359.64. Following the sale, the insider now directly owns 70,329 shares of the company's stock, valued at $3,170,431.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas M. Rohrs sold 50,000 shares of the business's stock in a transaction that occurred on Friday, February 16th. The shares were 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 of the company's stock, valued at approximately $1,985,572.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,659 shares of company stock worth $3,652,848. Corporate insiders own 2.20% of the company's stock.

Institutional Trading of Ichor

Large investors have recently modified their holdings of the business. ProShare Advisors LLC bought a new stake in Ichor during the first quarter valued at approximately $225,000. US Bancorp DE lifted its holdings in shares of Ichor by 75.4% during the 1st quarter. US Bancorp DE now owns 18,878 shares of the technology company's stock worth $729,000 after acquiring an additional 8,116 shares during the last quarter. Swiss National Bank grew its position in Ichor by 12.1% in the first quarter. Swiss National Bank now owns 64,700 shares of the technology company's stock worth $2,499,000 after acquiring an additional 7,000 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in Ichor by 1.5% in the first quarter. Texas Permanent School Fund Corp now owns 25,761 shares of the technology company's stock valued at $995,000 after acquiring an additional 381 shares during the last quarter. Finally, Mutual of America Capital Management LLC purchased a new stake in Ichor during the first quarter valued at about $1,353,000. Institutional investors own 94.81% of the company's stock.

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.