BidaskClub downgraded shares of Ichor (NASDAQ:ICHR) from a hold rating to a sell rating in a research report report published on Friday, BidAskClub reports.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Ichor from a hold rating to a strong sell rating in a research report on Tuesday, May 14th. Northland Securities lowered shares of Ichor from an outperform rating to a market perform rating and upped their price target for the stock from $22.00 to $25.00 in a research report on Wednesday, May 8th. Cowen restated an outperform rating and set a $26.00 price target (up previously from $24.00) on shares of Ichor in a research report on Wednesday, May 8th. B. Riley began coverage on shares of Ichor in a research report on Thursday, May 16th. They set a buy rating and a $32.00 price target for the company. Finally, ValuEngine lowered shares of Ichor from a hold rating to a sell rating in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $28.00.

Shares of NASDAQ:ICHR opened at $21.83 on Friday. The firm has a market cap of $488.53 million, a price-to-earnings ratio of 7.82 and a beta of 2.82. Ichor has a 1-year low of $14.23 and a 1-year high of $26.25. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.01 and a current ratio of 2.27.

Ichor (NASDAQ:ICHR) last issued its earnings results on Tuesday, May 7th. The technology company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.06). The business had revenue of $137.80 million for the quarter, compared to analyst estimates of $135.39 million. Ichor had a return on equity of 22.62% and a net margin of 6.07%. The firm’s revenue for the quarter was down 46.6% on a year-over-year basis. During the same period last year, the company posted $1.03 earnings per share. As a group, equities research analysts anticipate that Ichor will post 1.12 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in ICHR. SevenBridge Financial Group LLC grew its position in shares of Ichor by 212.5% during the fourth quarter. SevenBridge Financial Group LLC now owns 3,750 shares of the technology company’s stock worth $61,000 after acquiring an additional 2,550 shares during the last quarter. Ellis Investment Partners LLC bought a new position in Ichor in the 1st quarter valued at about $77,000. BNP Paribas Arbitrage SA grew its position in Ichor by 75,966.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,564 shares of the technology company’s stock valued at $103,000 after buying an additional 4,558 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new position in Ichor in the 4th quarter valued at about $142,000. Finally, Systematic Financial Management LP bought a new position in Ichor in the 1st quarter valued at about $160,000. Institutional investors and hedge funds own 94.38% 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. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.

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Analyst Recommendations for Ichor (NASDAQ:ICHR)

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