Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $42.57 Average PT from Brokerages

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have earned a consensus recommendation of “Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $42.57.

A number of research firms have recently weighed in on ICHR. Oppenheimer initiated coverage on shares of Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target on the stock. DA Davidson initiated coverage on Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 target price on the stock. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Needham & Company LLC reduced their target price on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, TD Cowen upped their target price on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

Ichor Price Performance

ICHR opened at $34.37 on Friday. The stock has a fifty day moving average price of $29.70 and a 200 day moving average price of $33.19. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. Ichor has a 1 year low of $25.32 and a 1 year high of $46.43. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -36.96 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The business 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 was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) EPS. Analysts forecast that Ichor will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quarry LP grew its position in Ichor by 99.5% during the second quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after buying an additional 433 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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 acquiring an additional 625 shares during the period. Signaturefd LLC grew its holdings in shares of Ichor by 214.6% during the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after purchasing an additional 854 shares in the last quarter. CWM LLC increased its position in shares of Ichor by 50.5% during the second quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after purchasing an additional 517 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ichor by 28.5% in the third 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 currently owned by institutional investors and hedge funds.

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.