Deutsche Bank Increases Ichor (ICHR) Price Target to $38.00
A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Ichor from a buy rating to a hold rating in a research report on Tuesday. Cowen restated an outperform rating and set a $40.00 price target (up from $38.00) on shares of Ichor in a research report on Friday, November 10th. Royal Bank of Canada restated a buy rating and set a $37.00 price target on shares of Ichor in a research report on Friday, October 20th. Finally, Needham & Company LLC boosted their price target on shares of Ichor from $30.00 to $36.00 and gave the stock a buy rating in a research report on Friday, October 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $36.17.
Ichor (NASDAQ ICHR) traded down $0.36 on Thursday, reaching $32.39. 1,550,547 shares of the company were exchanged, compared to its average volume of 1,070,000. The firm has a market capitalization of $819.71 and a price-to-earnings ratio of 7.75. Ichor has a 52-week low of $14.98 and a 52-week high of $35.51. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.34.
In other Ichor news, Director Dipanjan Deb sold 6,287 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $30.12, for a total value of $189,364.44. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $602,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas M. Rohrs sold 130,767 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $27.85, for a total transaction of $3,641,860.95. Following the completion of the transaction, the chief executive officer now owns 173,090 shares in the company, valued at $4,820,556.50. The disclosure for this sale can be found here. Insiders sold a total of 211,994 shares of company stock worth $5,858,200 over the last quarter. 5.80% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of ICHR. Paradigm Capital Management Inc. NY boosted its holdings in Ichor by 76.1% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,596,100 shares of the technology company’s stock valued at $42,776,000 after purchasing an additional 689,500 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Ichor by 262.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 943,466 shares of the technology company’s stock valued at $19,021,000 after purchasing an additional 683,466 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Ichor in the 3rd quarter valued at about $15,509,000. Vanguard Group Inc. boosted its holdings in Ichor by 182.9% in the 2nd quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock valued at $9,700,000 after purchasing an additional 311,083 shares during the last quarter. Finally, Foundry Partners LLC acquired a new position in Ichor in the 3rd quarter valued at about $7,822,000. Institutional investors own 75.43% of the company’s stock.
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Ichor Company Profile
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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