StockNews.com Upgrades Ichor (NASDAQ:ICHR) to “Hold”

Ichor (NASDAQ:ICHR) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

Several other research analysts also recently weighed in on ICHR. Needham & Company LLC reissued a “hold” rating and issued a $42.00 target price on shares of Ichor in a research report on Wednesday. Craig Hallum lowered their price objective on shares of Ichor from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday. Stifel Nicolaus boosted their price objective on shares of Ichor from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. B. Riley raised shares of Ichor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $48.00 in a research report on Friday, April 19th. Finally, TD Cowen boosted their price objective on shares of Ichor from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.60.

Ichor Stock Performance

Ichor stock opened at $37.98 on Wednesday. The firm’s 50 day simple moving average is $38.91 and its 200-day simple moving average is $34.64. The company has a market cap of $1.25 billion, a P/E ratio of -25.84 and a beta of 1.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.06 and a quick ratio of 1.57. Ichor has a fifty-two week low of $22.26 and a fifty-two week high of $46.43.

Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, February 6th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.13). The firm had revenue of $203.48 million during the quarter, compared to analysts’ expectations of $197.50 million. Ichor had a negative return on equity of 0.88% and a negative net margin of 5.30%. As a group, equities research analysts predict that Ichor will post 0.23 EPS for the current year.

Insider Buying and Selling

In other Ichor news, insider Christopher Smith sold 23,433 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the completion of the transaction, the insider now owns 70,329 shares of the company’s stock, valued at approximately $3,170,431.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Thomas M. Rohrs sold 50,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.37, for a total transaction of $2,268,500.00. Following the transaction, the director now owns 43,764 shares of the company’s stock, valued at $1,985,572.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Smith sold 23,433 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the completion of the sale, the insider now directly owns 70,329 shares of the company’s stock, valued at $3,170,431.32. The disclosure for this sale can be found here. Insiders have sold 80,659 shares of company stock worth $3,652,848 in the last quarter. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ICHR. SG Americas Securities LLC acquired a new position in shares of Ichor during the third quarter valued at about $143,000. Signaturefd LLC raised its position in shares of Ichor by 207.2% during the third quarter. Signaturefd LLC now owns 1,109 shares of the technology company’s stock valued at $34,000 after buying an additional 748 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of Ichor during the third quarter valued at about $582,000. Swiss National Bank raised its position in shares of Ichor by 1.1% during the third quarter. Swiss National Bank now owns 63,900 shares of the technology company’s stock valued at $1,978,000 after buying an additional 700 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of Ichor by 21.5% during the third quarter. First Eagle Investment Management LLC now owns 311,707 shares of the technology company’s stock valued at $9,650,000 after buying an additional 55,229 shares during the last quarter. Institutional investors and hedge funds 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.