Brokerages Set Ichor Holdings, Ltd. (NASDAQ:ICHR) PT at $42.57

Ichor Holdings, Ltd. (NASDAQ:ICHR) has been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $42.29.

Several brokerages have recently issued reports on ICHR. Needham & Company LLC cut Ichor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. B. Riley reaffirmed a “buy” rating and set a $38.00 price target (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. DA Davidson began coverage on Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price on the stock. Oppenheimer began coverage on Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price on the stock. Finally, TD Cowen decreased their price target on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in Ichor by 1.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock valued at $694,000 after acquiring an additional 373 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Ichor by 24.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 49,351 shares of the technology company’s stock worth $1,590,000 after acquiring an additional 9,709 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Ichor by 157.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock worth $10,823,000 after acquiring an additional 208,328 shares during the last quarter. Meros Investment Management LP grew its holdings in shares of Ichor by 85.4% during the third quarter. Meros Investment Management LP now owns 197,119 shares of the technology company’s stock valued at $6,270,000 after buying an additional 90,791 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Ichor by 3.6% during the third quarter. Geode Capital Management LLC now owns 795,794 shares of the technology company’s stock valued at $25,319,000 after buying an additional 27,540 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Stock Performance

Ichor stock opened at $30.84 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. Ichor has a 12 month low of $26.40 and a 12 month high of $46.43. The stock’s 50 day simple moving average is $32.18 and its two-hundred day simple moving average is $31.64.

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