Analysts Set Ichor Holdings, Ltd. (NASDAQ:ICHR) Target Price at $42.57

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have received a consensus rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $42.57.

Several analysts have issued reports on the stock. B. Riley restated a “buy” rating and set a $38.00 price target (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Oppenheimer began coverage on Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price for the company. TD Cowen raised their price target on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, DA Davidson initiated coverage on Ichor in a research report on Thursday, September 26th. They issued a “buy” rating and a $50.00 price objective for the company.

Ichor Stock Performance

NASDAQ:ICHR opened at $29.80 on Wednesday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -32.04 and a beta of 1.93. The business has a 50 day moving average of $31.01 and a 200 day moving average of $32.49. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.64 and a quick ratio of 1.69. Ichor has a 1-year low of $26.40 and a 1-year high of $46.43.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The firm had revenue of $211.14 million for the quarter, compared to the consensus estimate of $203.24 million. During the same period last year, the firm posted ($0.09) earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts predict that Ichor will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Foundry Partners LLC bought a new stake in shares of Ichor during the 3rd quarter valued at about $3,107,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Ichor by 65.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,904 shares of the technology company’s stock valued at $1,746,000 after acquiring an additional 21,810 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in Ichor by 50.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company’s stock valued at $3,865,000 after acquiring an additional 40,575 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Ichor by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 472,757 shares of the technology company’s stock worth $15,038,000 after acquiring an additional 26,951 shares during the period. Finally, First Eagle Investment Management LLC raised its position in shares of Ichor by 5.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 373,948 shares of the technology company’s stock worth $14,416,000 after acquiring an additional 19,850 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other 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.