Ichor's (ICHR) "Hold" Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Ichor (NASDAQ:ICHR - Free Report) in a report published on Wednesday, Benzinga reports. Needham & Company LLC currently has a $42.00 target price on the technology company's stock.

A number of other analysts have also recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Ichor from $40.00 to $45.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. B. Riley raised shares of Ichor from a neutral rating to a buy rating and boosted their price objective for the company from $40.00 to $48.00 in a report on Friday, April 19th. Craig Hallum started coverage on Ichor in a research note on Tuesday, April 9th. They issued a buy rating and a $55.00 target price for the company. Finally, TD Cowen boosted their price target on Ichor from $42.00 to $48.00 and gave the company a buy rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $46.60.

Ichor Trading Down 2.8 %

ICHR stock traded down $1.10 during midday trading on Wednesday, reaching $37.86. 760,200 shares of the company traded hands, compared to its average volume of 308,609. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -24.48 and a beta of 1.98. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.57 and a current ratio of 4.06. The business has a 50 day moving average of $39.10 and a 200-day moving average of $34.60. Ichor has a 52-week low of $22.26 and a 52-week high of $46.43.

Ichor (NASDAQ:ICHR - Get Free Report) last released its earnings results on Tuesday, February 6th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $203.48 million for the quarter, compared to the consensus estimate of $197.50 million. As a group, sell-side analysts expect that Ichor will post 0.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ichor news, insider Christopher Smith sold 23,433 shares of the stock in a transaction dated 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 sale, the insider now owns 70,329 shares of the company's stock, valued at approximately $3,170,431.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the firm's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $45.39, for a total transaction of $327,988.14. Following the sale, the chief technology officer now owns 50,490 shares of the company's stock, valued at approximately $2,291,741.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Smith sold 23,433 shares of the company's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $45.08, 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 disclosure for this sale can be found here. Insiders have sold 80,659 shares of company stock valued at $3,652,848 over the last ninety days. Company insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On Ichor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC raised its position in Ichor by 207.2% in the third quarter. Signaturefd LLC now owns 1,109 shares of the technology company's stock worth $34,000 after acquiring an additional 748 shares in the last quarter. CWM LLC increased its holdings in shares of Ichor by 87.1% in the 4th quarter. CWM LLC now owns 1,100 shares of the technology company's stock valued at $37,000 after purchasing an additional 512 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Ichor during the fourth quarter worth about $41,000. PNC Financial Services Group Inc. grew its stake in Ichor by 39.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company's stock valued at $102,000 after acquiring an additional 854 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Ichor during the third quarter worth about $143,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

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.