Ichor (NASDAQ:ICHR) PT Raised to $45.00 at Stifel Nicolaus

Ichor (NASDAQ:ICHR) had its target price upped by investment analysts at Stifel Nicolaus from $40.00 to $45.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 17.80% from the stock’s previous close.

Several other analysts also recently weighed in on the company. TD Cowen upped their price target on Ichor from $31.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 target price on shares of Ichor in a report on Tuesday, March 19th. Craig Hallum began coverage on Ichor in a report on Tuesday, April 9th. They set a “buy” rating and a $55.00 price target on the stock. Finally, B. Riley reissued a “neutral” rating and set a $40.00 price target (up from $36.00) on shares of Ichor in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Ichor has an average rating of “Moderate Buy” and an average target price of $44.80.

Ichor Price Performance

Shares of NASDAQ ICHR opened at $38.20 on Tuesday. The stock has a market cap of $1.26 billion, a PE ratio of -25.99 and a beta of 2.02. Ichor has a fifty-two week low of $22.26 and a fifty-two week high of $46.43. 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 stock has a fifty day moving average of $40.54 and a 200-day moving average of $33.68.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $197.50 million. Equities research analysts anticipate that Ichor will post 0.23 earnings per share for the current year.

Insider Activity

In other news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $45.39, for a total transaction of $327,988.14. Following the completion of the transaction, the chief technology officer now owns 50,490 shares in the company, valued at $2,291,741.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Ichor news, Director Thomas M. Rohrs sold 50,000 shares of Ichor stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.37, for a total value of $2,268,500.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Philip Ryan Sr. Barros sold 7,226 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.39, for a total transaction of $327,988.14. Following 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 a total of 80,659 shares of company stock worth $3,652,848 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Ichor

Several hedge funds have recently added to or reduced their stakes in ICHR. FMR LLC raised its position in shares of Ichor by 9.4% in the third quarter. FMR LLC now owns 3,103,779 shares of the technology company’s stock worth $96,093,000 after acquiring an additional 265,677 shares during the period. Vanguard Group Inc. grew its stake in shares of Ichor by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 2,664,652 shares of the technology company’s stock valued at $89,612,000 after buying an additional 41,104 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Ichor by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,764,749 shares of the technology company’s stock worth $59,350,000 after purchasing an additional 56,725 shares during the period. Alliancebernstein L.P. boosted its position in shares of Ichor by 18.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,456,238 shares of the technology company’s stock worth $39,056,000 after purchasing an additional 228,828 shares during the period. Finally, Macquarie Group Ltd. boosted its position in shares of Ichor by 25.9% during the 1st quarter. Macquarie Group Ltd. now owns 1,232,284 shares of the technology company’s stock worth $40,345,000 after purchasing an additional 253,478 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.