Ichor (ICHR) Stock Rating Reaffirmed by Cowen
ICHR has been the subject of several other research reports. Zacks Investment Research lowered shares of Ichor from a buy rating to a hold rating in a research report on Tuesday, January 16th. Royal Bank of Canada reiterated a buy rating and set a $37.00 price objective on shares of Ichor in a research report on Friday, October 20th. Needham & Company LLC reiterated a buy rating and set a $42.00 price objective (up previously from $36.00) on shares of Ichor in a research report on Friday, January 19th. Stifel Nicolaus increased their price objective on shares of Ichor from $36.00 to $37.00 and gave the company a buy rating in a research report on Thursday, February 8th. Finally, BidaskClub lowered shares of Ichor from a hold rating to a sell rating in a research report on Saturday, February 10th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $38.33.
Ichor (NASDAQ:ICHR) opened at $25.17 on Thursday. Ichor has a 12-month low of $16.82 and a 12-month high of $35.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 2.03. The company has a market cap of $651.71, a price-to-earnings ratio of 10.36 and a beta of 5.49.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC purchased a new stake in shares of Ichor in the fourth quarter valued at $508,000. Teachers Advisors LLC raised its stake in shares of Ichor by 37.5% in the fourth quarter. Teachers Advisors LLC now owns 33,722 shares of the technology company’s stock valued at $830,000 after acquiring an additional 9,192 shares during the period. California State Teachers Retirement System raised its stake in shares of Ichor by 237.5% in the fourth quarter. California State Teachers Retirement System now owns 96,868 shares of the technology company’s stock valued at $2,383,000 after acquiring an additional 68,167 shares during the period. Guggenheim Capital LLC purchased a new stake in shares of Ichor in the fourth quarter valued at $290,000. Finally, Deutsche Bank AG raised its stake in shares of Ichor by 49.0% in the fourth quarter. Deutsche Bank AG now owns 89,285 shares of the technology company’s stock valued at $2,195,000 after acquiring an additional 29,370 shares during the period. 62.90% of the stock is currently owned by institutional investors and hedge funds.
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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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