BidaskClub upgraded shares of Ichor (NASDAQ:ICHR) from a hold rating to a buy rating in a research note released on Friday, BidAskClub reports.

ICHR has been the topic of a number of other reports. Needham & Company LLC raised their price target on shares of Ichor to $27.00 and gave the company a buy rating in a research report on Thursday, February 7th. Zacks Investment Research lowered shares of Ichor from a hold rating to a strong sell rating in a research report on Thursday, January 31st. ValuEngine raised shares of Ichor from a sell rating to a hold rating in a research report on Wednesday, March 20th. Finally, DA Davidson started coverage on shares of Ichor in a research report on Thursday, March 7th. They set a buy rating and a $30.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $28.17.

Shares of ICHR traded up $0.42 during trading hours on Friday, reaching $24.38. 209,023 shares of the stock traded hands, compared to its average volume of 343,332. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.41 and a quick ratio of 1.03. Ichor has a 52 week low of $14.23 and a 52 week high of $27.48. The firm has a market capitalization of $535.96 million, a P/E ratio of 8.74 and a beta of 2.85.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Wednesday, February 6th. The technology company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). Ichor had a net margin of 7.03% and a return on equity of 30.78%. The firm had revenue of $141.40 million for the quarter, compared to the consensus estimate of $144.20 million. During the same period in the previous year, the business earned $0.70 earnings per share. The firm’s revenue for the quarter was down 22.7% on a year-over-year basis. On average, equities research analysts expect that Ichor will post 1.56 earnings per share for the current year.

In other news, CTO Philip Ryan Sr. Barros sold 28,457 shares of Ichor stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $21.57, for a total value of $613,817.49. Following the completion of the transaction, the chief technology officer now owns 33,062 shares in the company, valued at $713,147.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kevin M. Canty sold 1,750 shares of Ichor stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $21.89, for a total transaction of $38,307.50. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sapphire Star Partners LP increased its stake in shares of Ichor by 2.8% in the fourth quarter. Sapphire Star Partners LP now owns 25,916 shares of the technology company’s stock worth $422,000 after purchasing an additional 718 shares in the last quarter. Whittier Trust Co. increased its stake in shares of Ichor by 7.7% in the fourth quarter. Whittier Trust Co. now owns 28,460 shares of the technology company’s stock worth $464,000 after purchasing an additional 2,023 shares in the last quarter. Financial Architects Inc purchased a new position in shares of Ichor in the fourth quarter worth about $41,000. SevenBridge Financial Group LLC increased its stake in shares of Ichor by 212.5% in the fourth quarter. SevenBridge Financial Group LLC now owns 3,750 shares of the technology company’s stock worth $61,000 after purchasing an additional 2,550 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in Ichor during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

About Ichor

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.

See Also: Different Options Trading Strategies

Analyst Recommendations for Ichor (NASDAQ:ICHR)

Receive News & Ratings for Ichor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ichor and related companies with MarketBeat.com's FREE daily email newsletter.