ValuEngine downgraded shares of Ichor (NASDAQ:ICHR) from a hold rating to a sell rating in a report released on Wednesday.

ICHR has been the subject of several other research reports. BidaskClub cut Ichor from a hold rating to a sell rating in a research note on Tuesday, June 19th. Zacks Investment Research cut Ichor from a hold rating to a sell rating in a research note on Thursday, June 21st. Stifel Nicolaus raised their target price on Ichor from $44.00 to $48.00 and gave the stock a buy rating in a research note on Monday, June 18th. Royal Bank of Canada decreased their target price on Ichor from $40.00 to $33.00 and set a $20.46 rating for the company in a research note on Wednesday, July 18th. Finally, Cowen set a $32.00 target price on Ichor and gave the stock an outperform rating in a research note on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $37.00.

NASDAQ ICHR opened at $22.31 on Wednesday. Ichor has a one year low of $18.76 and a one year high of $35.51. The company has a market cap of $529.56 million, a P/E ratio of 9.26 and a beta of 4.87. The company has a quick ratio of 1.00, a current ratio of 2.10 and a debt-to-equity ratio of 0.73.

Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, August 7th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.75 by $0.27. Ichor had a return on equity of 38.00% and a net margin of 8.60%. The business had revenue of $248.97 million during the quarter, compared to analysts’ expectations of $236.39 million. research analysts predict that Ichor will post 3.03 EPS for the current fiscal year.

In other Ichor news, Director Iain Mackenzie sold 4,680 shares of the firm’s stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $22.13, for a total value of $103,568.40. Following the completion of the sale, the director now owns 4,680 shares of the company’s stock, valued at $103,568.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeff Andreson acquired 5,200 shares of Ichor stock in a transaction on Monday, August 27th. The stock was purchased at an average cost of $24.22 per share, with a total value of $125,944.00. Following the purchase, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $242,200. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Ichor in the second quarter valued at approximately $146,000. Engineers Gate Manager LP acquired a new stake in Ichor in the second quarter valued at approximately $202,000. Capital Fund Management S.A. acquired a new stake in Ichor in the second quarter valued at approximately $223,000. Dynamic Technology Lab Private Ltd acquired a new stake in Ichor in the second quarter valued at approximately $267,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Ichor in the second quarter valued at approximately $304,000. 87.27% of the stock is owned by hedge funds and other institutional investors.

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, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.

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Analyst Recommendations for Ichor (NASDAQ:ICHR)

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