Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $38.38 Consensus PT from Analysts

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $39.5714.

Several brokerages have recently issued reports on ICHR. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research note on Monday, December 29th. Stifel Nicolaus set a $30.00 price objective on Ichor in a report on Tuesday, February 10th. B. Riley Financial upgraded shares of Ichor from a “neutral” rating to a “buy” rating in a report on Tuesday, February 10th. Needham & Company LLC upped their price target on Ichor from $36.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, Wall Street Zen upgraded Ichor from a “strong sell” rating to a “hold” rating in a research note on Sunday.

Ichor Stock Up 1.6%

Shares of Ichor stock opened at $47.84 on Monday. The business has a 50-day moving average price of $27.74 and a 200 day moving average price of $21.42. The company has a quick ratio of 1.38, a current ratio of 3.16 and a debt-to-equity ratio of 0.18. Ichor has a fifty-two week low of $13.12 and a fifty-two week high of $48.72. The firm has a market cap of $1.64 billion, a P/E ratio of -31.06 and a beta of 1.89.

Insider Transactions at Ichor

In other Ichor news, Director Thomas M. Rohrs sold 53,908 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $45.48, for a total transaction of $2,451,735.84. Following the transaction, the director directly owned 53,024 shares in the company, valued at approximately $2,411,531.52. This represents a 50.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in Ichor by 47.6% during the second quarter. JPMorgan Chase & Co. now owns 699,511 shares of the technology company’s stock worth $13,738,000 after buying an additional 225,738 shares during the last quarter. Rice Hall James & Associates LLC bought a new position in Ichor during the 3rd quarter worth $3,877,000. Bank of New York Mellon Corp boosted its holdings in Ichor by 143.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 515,638 shares of the technology company’s stock valued at $10,127,000 after purchasing an additional 304,228 shares during the period. CSM Advisors LLC bought a new position in Ichor during the 2nd quarter worth $2,866,000. Finally, Kennedy Capital Management LLC lifted its position in Ichor by 12.1% during the second quarter. Kennedy Capital Management LLC now owns 617,204 shares of the technology company’s stock worth $12,122,000 after purchasing an additional 66,435 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Company Profile

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.