Ichor Holdings (ICHR) Earning Somewhat Favorable News Coverage, Study Finds
News articles about Ichor Holdings (NASDAQ:ICHR) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ichor Holdings earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.2509997078197 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Stocks with Perfect Investment Pair: Ichor Holdings, Ltd. (NASDAQ:ICHR) – NASDAQ Times (nasdaqtimes.com)
- Ichor Holdings, Ltd. (ICHR) P/E 6.19 shows low expectations for a company’s potential earnings growth – Street Observer (press release) (streetobserver.com)
- Ichor Holdings, Ltd. (NASDAQ:ICHR) – Business Analysts’ Refer Net Income As The Bottom Line – Stock Watch (stocksnewstimes.com)
- New Strong Buy Stocks for August 24th (zacks.com)
- Insider Selling: Ichor Holdings, Ltd. (ICHR) Director Sells 799,564 Shares of Stock (americanbankingnews.com)
Several research firms recently issued reports on ICHR. Zacks Investment Research upgraded Ichor Holdings from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research note on Friday, August 11th. Cowen and Company restated an “outperform” rating and issued a $27.00 price target (up from $25.00) on shares of Ichor Holdings in a research note on Wednesday, August 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $27.00 price target (up from $26.00) on shares of Ichor Holdings in a research note on Wednesday, August 9th. Deutsche Bank AG restated a “buy” rating and issued a $26.00 price target (up from $24.00) on shares of Ichor Holdings in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus boosted their price target on Ichor Holdings from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $27.17.
Ichor Holdings (ICHR) traded up 0.93% during mid-day trading on Thursday, reaching $22.75. The company had a trading volume of 499,364 shares. The stock has a 50-day moving average of $20.81 and a 200 day moving average of $20.22. The company has a market capitalization of $571.37 million and a price-to-earnings ratio of 13.08. Ichor Holdings has a 12-month low of $9.76 and a 12-month high of $29.73.
Ichor Holdings (NASDAQ:ICHR) last released its earnings results on Thursday, August 10th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $159.70 million during the quarter, compared to analyst estimates of $159.36 million. Ichor Holdings’s quarterly revenue was up 67.4% compared to the same quarter last year. On average, analysts expect that Ichor Holdings will post $2.41 EPS for the current year.
In other Ichor Holdings news, insider Philip Ryan Sr. Barros sold 8,290 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $18.50, for a total value of $153,365.00. Following the completion of the sale, the insider now directly owns 8,290 shares of the company’s stock, valued at $153,365. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dipanjan Deb sold 799,564 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $18.50, for a total value of $14,791,934.00. The disclosure for this sale can be found here. Insiders sold 6,518,447 shares of company stock valued at $121,198,558 over the last three months. Company insiders own 5.80% of the company’s stock.
Ichor Holdings 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.
Receive News & Ratings for Ichor Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ichor Holdings Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.