Ichor Holdings, Ltd. (NASDAQ:ICHR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $46.60.

A number of research firms recently commented on ICHR. Craig Hallum dropped their price objective on Ichor from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. TD Cowen raised their price target on shares of Ichor from $42.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Stifel Nicolaus lifted their price objective on shares of Ichor from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. B. Riley raised shares of Ichor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $40.00 to $48.00 in a research report on Friday, April 19th. Finally, StockNews.com raised Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th.

Insider Buying and Selling

In other news, CEO Jeff Andreson sold 21,400 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $38.74, for a total value of $829,036.00. Following the sale, the chief executive officer now directly owns 282,141 shares of the company’s stock, valued at $10,930,142.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Ichor

Hedge funds have recently modified their holdings of the business. CWM LLC raised its stake in Ichor by 87.1% during the 4th quarter. CWM LLC now owns 1,100 shares of the technology company’s stock valued at $37,000 after purchasing an additional 512 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Ichor during the 4th quarter worth about $41,000. PNC Financial Services Group Inc. raised its position in shares of Ichor by 39.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock valued at $102,000 after buying an additional 854 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Ichor in the fourth quarter valued at about $181,000. Finally, ProShare Advisors LLC acquired a new stake in Ichor during the first quarter worth about $225,000. 94.81% of the stock is owned by institutional investors.

Ichor Trading Up 2.1 %

Ichor stock opened at $37.01 on Wednesday. Ichor has a 12 month low of $22.26 and a 12 month high of $46.43. The company has a quick ratio of 1.78, a current ratio of 4.16 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.24 billion, a P/E ratio of -20.91 and a beta of 1.94. The company’s fifty day simple moving average is $37.97 and its 200-day simple moving average is $37.68.

Ichor (NASDAQ:ICHR) last issued its earnings results on Tuesday, May 7th. The technology company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). Ichor had a negative net margin of 6.61% and a negative return on equity of 2.93%. The firm had revenue of $201.38 million during the quarter, compared to analysts’ expectations of $200.00 million. As a group, sell-side analysts forecast that Ichor will post -0.2 EPS for the current fiscal 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.