Ichor Holdings, Ltd. (NASDAQ:ICHR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $44.80.

ICHR has been the subject of several research reports. Stifel Nicolaus raised their price objective on Ichor from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $42.00 price objective on shares of Ichor in a research note on Tuesday, March 19th. TD Cowen raised their price objective on Ichor from $31.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. B. Riley reissued a “neutral” rating and set a $40.00 price objective (up from $36.00) on shares of Ichor in a research note on Friday, March 15th. Finally, Craig Hallum initiated coverage on Ichor in a research note on Tuesday, April 9th. They set a “buy” rating and a $55.00 price objective for the company.

Insider Activity

In other news, Director Thomas M. Rohrs sold 50,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.37, for a total value of $2,268,500.00. Following the completion of the sale, the director now owns 43,764 shares in the company, valued at $1,985,572.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Thomas M. Rohrs sold 50,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $45.37, for a total value of $2,268,500.00. Following the sale, the director now directly owns 43,764 shares of the company’s stock, valued at $1,985,572.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Philip Ryan Sr. Barros sold 7,226 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.39, for a total value of $327,988.14. Following the completion of the sale, the chief technology officer now directly owns 50,490 shares in the company, valued at $2,291,741.10. The disclosure for this sale can be found here. Insiders sold 80,659 shares of company stock worth $3,652,848 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Ichor

Institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in Ichor during the second quarter worth about $28,000. CWM LLC grew its position in Ichor by 87.1% during the fourth quarter. CWM LLC now owns 1,100 shares of the technology company’s stock worth $37,000 after buying an additional 512 shares in the last quarter. Signaturefd LLC grew its position in Ichor by 207.2% during the third quarter. Signaturefd LLC now owns 1,109 shares of the technology company’s stock worth $34,000 after buying an additional 748 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Ichor by 48.3% during the third quarter. Public Employees Retirement System of Ohio now owns 1,155 shares of the technology company’s stock worth $28,000 after buying an additional 376 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in Ichor during the fourth quarter worth about $41,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Stock Performance

Shares of NASDAQ ICHR opened at $37.58 on Friday. The stock has a fifty day moving average price of $40.47 and a two-hundred day moving average price of $33.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.57 and a current ratio of 4.06. The firm has a market cap of $1.24 billion, a P/E ratio of -25.56 and a beta of 2.02. Ichor has a 1 year low of $22.26 and a 1 year high of $46.43.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13). The firm had revenue of $203.48 million for the quarter, compared to the consensus estimate of $197.50 million. Ichor had a negative net margin of 5.30% and a negative return on equity of 0.88%. Research analysts forecast that Ichor will post 0.23 EPS for the current fiscal year.

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 and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.