Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $42.57 Consensus Target Price from Analysts

Ichor Holdings, Ltd. (NASDAQ:ICHR) has been given an average recommendation of “Buy” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $42.57.

ICHR has been the subject of several analyst reports. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. TD Cowen boosted their target price on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Needham & Company LLC reduced their target price on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. B. Riley restated a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Finally, Oppenheimer initiated coverage on Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price for the company.

Ichor Trading Up 1.9 %

Shares of NASDAQ ICHR opened at $32.76 on Friday. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -35.23 and a beta of 1.91. The business has a 50 day simple moving average of $30.17 and a 200 day simple moving average of $33.08. Ichor has a 52 week low of $25.32 and a 52 week high of $46.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $211.14 million during the quarter, compared to analysts’ expectations of $203.24 million. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.09) EPS. On average, research analysts predict that Ichor will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Ichor by 6.6% during the first quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock worth $109,743,000 after buying an additional 176,970 shares during the last quarter. Swedbank AB acquired a new position in shares of Ichor during the first quarter worth approximately $67,106,000. State Street Corp raised its stake in shares of Ichor by 1.8% in the third quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock valued at $39,207,000 after purchasing an additional 21,804 shares in the last quarter. Hood River Capital Management LLC raised its stake in shares of Ichor by 15.8% in the second quarter. Hood River Capital Management LLC now owns 1,108,227 shares of the technology company’s stock valued at $42,722,000 after purchasing an additional 150,933 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Ichor by 3.6% in the third quarter. Geode Capital Management LLC now owns 795,794 shares of the technology company’s stock valued at $25,319,000 after purchasing an additional 27,540 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor Company Profile

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.