Ichor (NASDAQ:ICHR) Trading 5.3% Higher – Still a Buy?

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price traded up 5.3% on Wednesday . The stock traded as high as $33.43 and last traded at $33.42. 70,077 shares traded hands during trading, a decline of 76% from the average session volume of 297,619 shares. The stock had previously closed at $31.73.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. B. Riley reiterated 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. Oppenheimer started coverage on shares of Ichor in a research report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective for the company. TD Cowen boosted their target price on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, DA Davidson assumed coverage on Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 price target for the company. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Ichor presently has a consensus rating of “Moderate Buy” and an average price target of $42.57.

Ichor Trading Down 0.5 %

The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $31.00 and a 200 day moving average of $32.54. The firm has a market cap of $1.00 billion, a PE ratio of -32.00 and a beta of 1.93.

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

Hedge Funds Weigh In On Ichor

Large investors have recently made changes to their positions in the stock. Quarry LP boosted its stake in Ichor by 99.5% in the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after purchasing an additional 433 shares during the period. Amalgamated Bank increased its holdings in Ichor by 6.1% during the 2nd quarter. Amalgamated Bank now owns 10,025 shares of the technology company’s stock worth $386,000 after acquiring an additional 577 shares during the period. GAMMA Investing LLC lifted its stake in Ichor by 136.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after purchasing an additional 625 shares in the last quarter. Signaturefd LLC boosted its holdings in Ichor by 214.6% in the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock valued at $40,000 after purchasing an additional 854 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Ichor by 28.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock valued at $153,000 after purchasing an additional 1,068 shares in the last quarter. 94.81% of the stock is owned by institutional investors.

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.