Ichor (NASDAQ:ICHR) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Ichor (NASDAQ:ICHRGet Free Report) had its price target hoisted by analysts at Needham & Company LLC from $36.00 to $48.00 in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s target price indicates a potential upside of 0.86% from the company’s previous close.

A number of other research firms have also commented on ICHR. Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Oppenheimer lowered Ichor from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $30.00 to $32.00 in a research note on Tuesday, January 27th. Wall Street Zen cut Ichor from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. B. Riley Financial upgraded shares of Ichor from a “neutral” rating to a “buy” rating in a report on Tuesday. Finally, Craig Hallum restated a “buy” rating and issued a $36.00 price target on shares of Ichor in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.38.

Read Our Latest Stock Analysis on ICHR

Ichor Price Performance

Shares of NASDAQ:ICHR opened at $47.59 on Tuesday. The firm has a 50 day moving average of $24.88 and a 200-day moving average of $20.50. Ichor has a 12 month low of $13.12 and a 12 month high of $48.72. The company has a current ratio of 3.16, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.64 billion, a PE ratio of -30.90 and a beta of 1.89.

Insider Buying and Selling

In related news, Director Iain Mackenzie purchased 10,000 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was purchased at an average cost of $14.53 per share, with a total value of $145,300.00. Following the completion of the purchase, the director owned 130,011 shares in the company, valued at approximately $1,889,059.83. This trade represents a 8.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Ichor by 15.3% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,957,656 shares of the technology company’s stock valued at $36,080,000 after acquiring an additional 259,417 shares in the last quarter. Heartland Advisors Inc. acquired a new stake in Ichor in the 4th quarter valued at $5,529,000. Deutsche Bank AG increased its stake in Ichor by 23.1% during the 4th quarter. Deutsche Bank AG now owns 561,214 shares of the technology company’s stock valued at $10,343,000 after purchasing an additional 105,484 shares in the last quarter. Franklin Resources Inc. raised its holdings in Ichor by 1.1% during the fourth quarter. Franklin Resources Inc. now owns 215,608 shares of the technology company’s stock worth $3,974,000 after buying an additional 2,346 shares during the last quarter. Finally, State of Wyoming lifted its stake in shares of Ichor by 607.7% in the fourth quarter. State of Wyoming now owns 3,234 shares of the technology company’s stock valued at $60,000 after buying an additional 2,777 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

Key Headlines Impacting Ichor

Here are the key news stories impacting Ichor this week:

About Ichor

(Get Free Report)

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.

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Analyst Recommendations for Ichor (NASDAQ:ICHR)

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