Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Ichor Holdings, Ltd. (NASDAQ:ICHR) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $42.29.

Several brokerages recently issued reports on ICHR. TD Cowen decreased their price target on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, January 17th. StockNews.com cut Ichor from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a research report on Wednesday, February 5th. Finally, B. Riley reaffirmed a “buy” rating and set a $38.00 price target (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th.

Insider Activity at Ichor

In related news, Director Jorge Titinger sold 3,000 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the sale, the director now directly owns 9,832 shares in the company, valued at $315,017.28. This represents a 23.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ichor

Several institutional investors have recently bought and sold shares of ICHR. Creative Planning purchased a new stake in Ichor during the 3rd quarter valued at about $578,000. Harbor Capital Advisors Inc. lifted its holdings in Ichor by 105.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 39,642 shares of the technology company’s stock worth $1,261,000 after buying an additional 20,351 shares during the period. Versor Investments LP purchased a new stake in Ichor in the 3rd quarter worth approximately $394,000. GSA Capital Partners LLP purchased a new stake in Ichor in the 3rd quarter worth approximately $1,380,000. Finally, Royce & Associates LP lifted its holdings in Ichor by 20.8% in the 3rd quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock worth $22,870,000 after buying an additional 123,585 shares during the period. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Trading Down 0.5 %

NASDAQ ICHR opened at $29.29 on Monday. The business has a 50 day moving average price of $31.17 and a 200-day moving average price of $30.69. Ichor has a 52 week low of $25.95 and a 52 week high of $45.21. The company has a market cap of $995.95 million, a price-to-earnings ratio of -45.06 and a beta of 1.91. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. As a group, equities analysts expect that Ichor will post 1.01 earnings per share for the current fiscal year.

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.