Ichor - ICHR Stock Forecast, Price & News

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning. It also manufactures precision machined components, weldments, electron beam, laser-welded components, precision vacuum and hydrogen brazing, surface treatment technologies, and other proprietary products for use in fluid delivery systems. The company primarily markets its products directly and through resellers to equipment OEMs in the semiconductor equipment market in the United States, the United Kingdom, Singapore, Malaysia, Korea, Mexico, and internationally. Ichor Holdings, Ltd. was incorporated in 1999 and is headquartered in Fremont, California.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ICHR shares. DA Davidson dropped their price objective on Ichor from $75.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, May 11th. B. Riley downgraded Ichor from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $37.00 to $30.00 in a research report on Wednesday, June 15th. StockNews.com downgraded Ichor from a "hold" rating to a "sell" rating in a research report on Monday, May 23rd. TheStreet downgraded Ichor from a "b-" rating to a "c+" rating in a research report on Tuesday, May 10th. Finally, Cowen dropped their price target on Ichor from $50.00 to $41.00 in a research report on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two 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 target price of $44.80.

Ichor Price Performance

Shares of Ichor stock opened at $32.55 on Tuesday. Ichor has a twelve month low of $21.08 and a twelve month high of $51.98. The stock has a market capitalization of $931.91 million, a P/E ratio of 14.66 and a beta of 2.07. The company has a current ratio of 2.37, a quick ratio of 1.01 and a debt-to-equity ratio of 0.55. The business's fifty day moving average price is $28.05 and its 200 day moving average price is $31.75.

Ichor (NASDAQ:ICHR - Get Rating) last issued its earnings results on Tuesday, May 10th. The technology company reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.18). Ichor had a net margin of 5.71% and a return on equity of 17.89%. The firm had revenue of $293.15 million during the quarter, compared to analyst estimates of $300.08 million. During the same quarter in the previous year, the business posted $0.69 EPS. Ichor's revenue was up 10.8% compared to the same quarter last year. As a group, research analysts anticipate that Ichor will post 3.27 earnings per share for the current year.

Insider Activity at Ichor

In other Ichor news, CTO Philip Ryan Sr. Barros sold 12,249 shares of the business's stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $26.85, for a total transaction of $328,885.65. Following the transaction, the chief technology officer now owns 61,090 shares in the company, valued at $1,640,266.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Ichor news, CTO Philip Ryan Sr. Barros sold 12,249 shares of the business's stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $26.85, for a total transaction of $328,885.65. Following the transaction, the chief technology officer now owns 61,090 shares in the company, valued at $1,640,266.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Iain Mackenzie sold 2,500 shares of Ichor stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $28.82, for a total value of $72,050.00. Following the sale, the director now directly owns 15,364 shares in the company, valued at $442,790.48. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.