Ichor (NASDAQ:ICHR) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other research firms also recently weighed in on ICHR. Zacks Investment Research downgraded shares of Ichor from a “hold” rating to a “strong sell” rating in a research note on Thursday. Royal Bank of Canada downgraded shares of Ichor from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $28.00 to $20.00 in a research note on Wednesday, November 7th. Cowen reduced their target price on shares of Ichor from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Wednesday, November 7th. Stifel Nicolaus set a $41.00 target price on shares of Ichor and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Finally, Needham & Company LLC assumed coverage on shares of Ichor in a research note on Friday, December 21st. They issued a “buy” rating and a $22.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.80.

Shares of ICHR stock opened at $20.84 on Friday. The stock has a market capitalization of $476.26 million, a price-to-earnings ratio of 8.65 and a beta of 2.91. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 2.36. Ichor has a 52 week low of $14.23 and a 52 week high of $30.50.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, November 6th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $175.20 million during the quarter, compared to the consensus estimate of $179.84 million. Ichor had a net margin of 7.95% and a return on equity of 35.38%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.62 earnings per share. Research analysts predict that Ichor will post 2.73 earnings per share for the current year.

In other news, CFO Jeff Andreson acquired 6,500 shares of Ichor stock in a transaction that occurred on Tuesday, November 13th. The stock was bought at an average price of $15.90 per share, with a total value of $103,350.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Marc Haugen acquired 5,975 shares of Ichor stock in a transaction that occurred on Friday, November 9th. The shares were purchased at an average cost of $16.68 per share, with a total value of $99,663.00. The disclosure for this purchase can be found here. 2.20% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Financial Architects Inc purchased a new position in Ichor during the fourth quarter valued at approximately $41,000. Quantamental Technologies LLC purchased a new position in Ichor during the fourth quarter valued at approximately $47,000. Rehmann Capital Advisory Group grew its stake in Ichor by 1,941.7% during the third quarter. Rehmann Capital Advisory Group now owns 3,920 shares of the technology company’s stock valued at $192,000 after acquiring an additional 3,728 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in Ichor during the third quarter valued at approximately $159,000. Finally, State of Alaska Department of Revenue purchased a new position in Ichor during the third quarter valued at approximately $163,000. 93.52% of the stock is owned by 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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