Stifel Nicolaus Boosts Ichor (NASDAQ:ICHR) Price Target to $45.00

Ichor (NASDAQ:ICHR) had its price objective raised by Stifel Nicolaus from $40.00 to $45.00 in a research note published on Tuesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.

Several other equities analysts have also weighed in on the company. Craig Hallum began coverage on Ichor in a report on Tuesday, April 9th. They set a buy rating and a $55.00 target price on the stock. Needham & Company LLC reaffirmed a buy rating and issued a $42.00 price target on shares of Ichor in a research report on Tuesday, March 19th. B. Riley reaffirmed a neutral rating and issued a $40.00 price target (up from $36.00) on shares of Ichor in a research report on Friday, March 15th. Finally, TD Cowen raised their price target on Ichor from $31.00 to $42.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Ichor currently has an average rating of Moderate Buy and an average price target of $46.40.

Ichor Price Performance

Shares of NASDAQ:ICHR opened at $36.87 on Tuesday. The company has a current ratio of 4.06, a quick ratio of 1.57 and a debt-to-equity ratio of 0.43. Ichor has a 1 year low of $22.26 and a 1 year high of $46.43. The business has a fifty day simple moving average of $40.35 and a 200 day simple moving average of $33.75. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -25.08 and a beta of 2.02.

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

Insider Buying and Selling

In other Ichor news, Director Thomas M. Rohrs sold 50,000 shares of Ichor stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.37, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ichor news, Director Thomas M. Rohrs sold 50,000 shares of Ichor stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.37, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Smith sold 23,433 shares of Ichor stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $45.08, for a total value of $1,056,359.64. Following the sale, the insider now directly owns 70,329 shares in the company, valued at $3,170,431.32. The disclosure for this sale can be found here. Insiders have sold a total of 80,659 shares of company stock valued at $3,652,848 over the last three months. 2.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ichor

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

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.