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

Needham & Company LLC restated their hold rating on shares of Ichor (NASDAQ:ICHR - Free Report) in a report issued on Tuesday,Benzinga reports.

Several other analysts have also recently commented on ICHR. Oppenheimer lowered their target price on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a report on Friday, April 11th. TD Cowen reduced their price target on Ichor from $38.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday. Finally, StockNews.com cut Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $34.00.

Ichor Stock Up 4.8 %

Ichor stock traded up $0.80 during midday trading on Tuesday, reaching $17.52. The company's stock had a trading volume of 87,174 shares, compared to its average volume of 315,978. The company has a market cap of $597.49 million, a P/E ratio of -26.95 and a beta of 1.83. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $21.88 and a 200-day simple moving average of $28.00. Ichor has a fifty-two week low of $15.38 and a fifty-two week high of $42.70.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.14). The firm had revenue of $244.47 million during the quarter, compared to analyst estimates of $244.95 million. Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. The firm's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period last year, the company earned ($0.09) earnings per share. On average, research analysts expect that Ichor will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jeff Andreson bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average price of $16.86 per share, with a total value of $168,600.00. Following the purchase, the chief executive officer now owns 285,594 shares of the company's stock, valued at $4,815,114.84. This trade represents a 3.63 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.90% of the company's stock.

Institutional Trading of Ichor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in shares of Ichor by 52.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock valued at $147,000 after buying an additional 1,578 shares during the period. JPMorgan Chase & Co. lifted its position in Ichor by 157.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company's stock worth $10,823,000 after acquiring an additional 208,328 shares in the last quarter. Barclays PLC boosted its holdings in Ichor by 377.6% in the 3rd quarter. Barclays PLC now owns 56,787 shares of the technology company's stock worth $1,808,000 after acquiring an additional 44,897 shares during the period. Hodges Capital Management Inc. grew its position in Ichor by 52.0% in the fourth quarter. Hodges Capital Management Inc. now owns 217,125 shares of the technology company's stock valued at $6,996,000 after acquiring an additional 74,255 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Ichor by 1.4% during the fourth quarter. Swiss National Bank now owns 66,200 shares of the technology company's stock valued at $2,133,000 after purchasing an additional 900 shares during the period. 94.81% of the stock is 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.