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

Ichor Holdings, Ltd. (NASDAQ:ICHR) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $42.29.

A number of research firms have recently commented on ICHR. TD Cowen lowered their target price on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 17th. B. Riley restated a “buy” rating and issued a $38.00 target price (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. StockNews.com cut Ichor from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a research report on Wednesday, February 5th.

Ichor Trading Down 0.5 %

ICHR opened at $29.29 on Monday. The stock has a market cap of $995.95 million, a PE ratio of -45.06 and a beta of 1.91. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average of $31.17 and a 200-day moving average of $30.69. Ichor has a 52 week low of $25.95 and a 52 week high of $45.21.

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

Insider Activity at Ichor

In other Ichor news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the sale, the director now owns 9,832 shares of the company’s stock, valued at approximately $315,017.28. This trade represents a 23.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Ichor

A number of institutional investors and hedge funds have recently modified their holdings of ICHR. Quarry LP increased its holdings in shares of Ichor by 80.4% in the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after purchasing an additional 698 shares in the last quarter. KBC Group NV increased its holdings in shares of Ichor by 83.5% in the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after purchasing an additional 949 shares in the last quarter. Globeflex Capital L P bought a new stake in shares of Ichor in the 4th quarter worth $93,000. Tower Research Capital LLC TRC increased its holdings in shares of Ichor by 52.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock worth $147,000 after purchasing an additional 1,578 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ichor by 28.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,068 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

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.