Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $42.57 Average Price Target from Analysts

Ichor Holdings, Ltd. (NASDAQ:ICHR) has been given an average rating of “Buy” by the seven analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $42.57.

Several equities analysts recently issued reports on ICHR shares. Needham & Company LLC cut their price target on shares of Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. TD Cowen increased their price target on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Oppenheimer initiated coverage on Ichor in a research report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective for the company. Finally, B. Riley reissued a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ICHR. Vanguard Group Inc. lifted its stake in shares of Ichor by 6.6% during the first quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock valued at $109,743,000 after acquiring an additional 176,970 shares during the period. Epoch Investment Partners Inc. boosted its stake in shares of Ichor by 33.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 265,246 shares of the technology company’s stock valued at $10,244,000 after purchasing an additional 65,862 shares during the last quarter. Swedbank AB acquired a new stake in shares of Ichor during the 1st quarter worth approximately $67,106,000. Foundry Partners LLC bought a new stake in shares of Ichor during the third quarter worth approximately $3,107,000. Finally, Mutual of America Capital Management LLC lifted its holdings in Ichor by 50.1% in the third quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company’s stock valued at $3,865,000 after buying an additional 40,575 shares during the period. 94.81% of the stock is currently owned by institutional investors.

Ichor Trading Up 3.1 %

ICHR stock opened at $34.37 on Friday. Ichor has a 1-year low of $25.32 and a 1-year high of $46.43. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $29.70 and its 200-day moving average is $33.19. The firm has a market cap of $1.16 billion, a P/E ratio of -36.96 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $211.14 million for the quarter, compared to analysts’ expectations of $203.24 million. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.09) earnings per share. Equities analysts anticipate that Ichor will post -0.1 earnings per share for the current fiscal year.

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.