Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $42.29.

A number of brokerages have issued reports on ICHR. StockNews.com cut Ichor from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Needham & Company LLC restated a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. Finally, TD Cowen lowered their target price on shares of Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, January 17th.

Ichor Stock Up 4.8 %

Ichor stock opened at $29.25 on Monday. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. Ichor has a 1-year low of $25.95 and a 1-year high of $44.54. The firm’s fifty day simple moving average is $30.89 and its 200-day simple moving average is $30.58. The company has a market capitalization of $994.59 million, a P/E ratio of -45.00 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. Sell-side analysts forecast that Ichor will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Ichor

In other news, Director Jorge Titinger sold 3,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the transaction, the director now owns 9,832 shares of the company’s stock, valued at approximately $315,017.28. This represents a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Ichor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in shares of Ichor by 1.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock worth $694,000 after purchasing an additional 373 shares in the last quarter. Victory Capital Management Inc. lifted its position in Ichor by 1.1% in the fourth quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company’s stock worth $1,422,000 after purchasing an additional 467 shares during the period. Meeder Asset Management Inc. boosted its stake in Ichor by 12.6% during the fourth quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company’s stock worth $195,000 after buying an additional 675 shares in the last quarter. Quarry LP increased its holdings in Ichor by 80.4% in the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock valued at $50,000 after buying an additional 698 shares during the period. Finally, Swiss National Bank raised its stake in shares of Ichor by 1.4% in the 4th quarter. Swiss National Bank now owns 66,200 shares of the technology company’s stock valued at $2,133,000 after buying an additional 900 shares in the last quarter. 94.81% of the stock is currently 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 and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.