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

Ichor Holdings, Ltd. (NASDAQ:ICHR) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned 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.

A number of analysts recently issued reports on the company. B. Riley reissued a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. TD Cowen raised their price target on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Oppenheimer began coverage on shares of Ichor in a research report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target for the company. Needham & Company LLC downgraded Ichor from a “buy” rating to a “hold” rating in a research report on Monday. Finally, DA Davidson initiated coverage on Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 target price for the company.

Institutional Investors Weigh In On Ichor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Ichor by 157.9% during the third quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock valued at $10,823,000 after acquiring an additional 208,328 shares in the last quarter. State Street Corp raised its holdings in Ichor by 1.8% in the 3rd quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock worth $39,207,000 after purchasing an additional 21,804 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Ichor by 65.9% in 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 worth $1,746,000 after purchasing an additional 21,810 shares during the period. Foundry Partners LLC purchased a new position in shares of Ichor during the third quarter valued at about $3,107,000. Finally, Mutual of America Capital Management LLC raised its stake in Ichor by 50.1% in the third quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company’s stock worth $3,865,000 after buying an additional 40,575 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors.

Ichor Stock Performance

Shares of ICHR opened at $31.00 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.64 and a quick ratio of 1.69. The firm has a market cap of $1.05 billion, a PE ratio of -33.33 and a beta of 1.92. Ichor has a 1 year low of $26.40 and a 1 year high of $46.43. The stock’s fifty day moving average price is $32.32 and its two-hundred day moving average price is $31.76.

Ichor (NASDAQ:ICHR) last issued its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $203.24 million. During the same quarter last year, the business earned ($0.09) earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts forecast that Ichor will post -0.1 EPS for the current 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.