Ichor (NASDAQ:ICHR) Upgraded at DA Davidson

Ichor (NASDAQ:ICHRGet Free Report) was upgraded by analysts at DA Davidson to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently commented on the company. Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. TD Cowen reaffirmed a “buy” rating on shares of Ichor in a research report on Tuesday. Oppenheimer lifted their target price on Ichor from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Tuesday. Wall Street Zen cut Ichor from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Finally, B. Riley Financial raised shares of Ichor from a “neutral” rating to a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ichor currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.38.

Check Out Our Latest Report on ICHR

Ichor Stock Performance

Shares of ICHR stock opened at $43.93 on Wednesday. The company has a fifty day moving average price of $25.41 and a two-hundred day moving average price of $20.67. Ichor has a one year low of $13.12 and a one year high of $48.72. The stock has a market cap of $1.51 billion, a P/E ratio of -28.53 and a beta of 1.89. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.16 and a quick ratio of 1.33.

Insider Activity at Ichor

In other news, Director Iain Mackenzie purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average cost of $14.53 per share, with a total value of $145,300.00. Following the acquisition, the director owned 130,011 shares in the company, valued at approximately $1,889,059.83. This trade represents a 8.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas M. Rohrs sold 53,908 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $45.48, for a total value of $2,451,735.84. Following the transaction, the director owned 53,024 shares in the company, valued at $2,411,531.52. The trade was a 50.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Ichor

A number of institutional investors have recently bought and sold shares of ICHR. Steward Partners Investment Advisory LLC bought a new position in shares of Ichor during the fourth quarter worth approximately $26,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Ichor in the fourth quarter valued at approximately $252,000. Swiss National Bank grew its position in Ichor by 3.5% during the fourth quarter. Swiss National Bank now owns 67,700 shares of the technology company’s stock worth $1,248,000 after buying an additional 2,300 shares in the last quarter. Nuveen LLC increased its stake in Ichor by 6.7% during the 4th quarter. Nuveen LLC now owns 1,137,451 shares of the technology company’s stock worth $20,963,000 after acquiring an additional 71,238 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Ichor by 15.3% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,957,656 shares of the technology company’s stock valued at $36,080,000 after acquiring an additional 259,417 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

Ichor News Summary

Here are the key news stories impacting Ichor this week:

Ichor Company Profile

(Get Free Report)

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.

Recommended Stories

Analyst Recommendations for Ichor (NASDAQ:ICHR)

Receive News & Ratings for Ichor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ichor and related companies with MarketBeat.com's FREE daily email newsletter.