Ichor (NASDAQ:ICHR) had its price objective lifted by Needham & Company LLC from $36.00 to $43.00 in a research report released on Tuesday morning, AnalystRatings.com reports. The firm currently has a buy rating on the technology company’s stock.

Other analysts have also recently issued research reports about the stock. B. Riley boosted their target price on shares of Ichor from to and gave the stock a buy rating in a research note on Tuesday, January 14th. ValuEngine raised shares of Ichor from a sell rating to a hold rating in a research note on Friday, January 3rd. Zacks Investment Research raised shares of Ichor from a hold rating to a strong-buy rating and set a $46.00 target price for the company in a research note on Wednesday, January 15th. Deutsche Bank set a $32.00 target price on shares of Ichor and gave the stock a buy rating in a research note on Friday, November 1st. Finally, DA Davidson raised shares of Ichor from a neutral rating to a buy rating and boosted their target price for the stock from $25.00 to $34.00 in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $37.13.

Shares of ICHR stock traded down $1.35 on Tuesday, reaching $36.23. 131,511 shares of the company were exchanged, compared to its average volume of 392,285. The company has a market cap of $838.09 million, a price-to-earnings ratio of 134.19 and a beta of 2.79. The business has a 50-day moving average price of $33.95 and a 200 day moving average price of $27.76. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.98 and a current ratio of 1.90. Ichor has a 1 year low of $18.32 and a 1 year high of $39.83.

Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, November 5th. The technology company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. The business had revenue of $154.46 million during the quarter, compared to analysts’ expectations of $149.96 million. Ichor had a net margin of 1.09% and a return on equity of 9.41%. The company’s quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 earnings per share. As a group, equities analysts anticipate that Ichor will post 1.01 earnings per share for the current year.

In related news, COO Kevin M. Canty sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $32.80, for a total transaction of $32,800.00. Following the completion of the sale, the chief operating officer now owns 46,379 shares of the company’s stock, valued at approximately $1,521,231.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Kevin M. Canty sold 2,381 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $35.00, for a total transaction of $83,335.00. Following the sale, the chief operating officer now directly owns 43,998 shares of the company’s stock, valued at approximately $1,539,930. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Premier Asset Management LLC purchased a new stake in Ichor during the 4th quarter valued at about $240,000. Concentrum Wealth Management purchased a new stake in shares of Ichor in the 4th quarter valued at approximately $216,000. Man Group plc purchased a new stake in shares of Ichor in the 3rd quarter valued at approximately $202,000. Point72 Asset Management L.P. grew its stake in shares of Ichor by 24.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 548,100 shares of the technology company’s stock valued at $13,253,000 after buying an additional 108,670 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of Ichor by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 34,295 shares of the technology company’s stock valued at $829,000 after buying an additional 410 shares during the period. 85.72% of the stock is owned by institutional investors.

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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