Needham & Company LLC Reaffirms Hold Rating for Ichor (NASDAQ:ICHR)

Ichor (NASDAQ:ICHR)‘s stock had its “hold” rating reissued by stock analysts at Needham & Company LLC in a research report issued on Wednesday,Benzinga reports.

A number of other research analysts also recently issued reports on the company. TD Cowen lowered their price target on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 17th. B. Riley reaffirmed a “buy” rating and set a $38.00 price target (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.29.

Ichor Trading Up 0.7 %

Shares of NASDAQ:ICHR opened at $32.50 on Wednesday. The company has a market cap of $1.10 billion, a P/E ratio of -34.95 and a beta of 1.91. 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 $25.95 and a 1 year high of $46.43. The stock’s fifty day moving average price is $31.33 and its 200-day moving average price is $30.61.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. Sell-side analysts expect that Ichor will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ICHR. GAMMA Investing LLC increased its position in Ichor by 136.2% in the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after buying an additional 625 shares in the last quarter. Signaturefd LLC increased its position in Ichor by 214.6% in the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after buying an additional 854 shares in the last quarter. Quarry LP increased its position in Ichor by 80.4% in the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after buying an additional 698 shares in the last quarter. KBC Group NV increased its position in Ichor by 83.5% in the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after buying an additional 949 shares in the last quarter. Finally, CWM LLC increased its position in Ichor by 134.9% in the third quarter. CWM LLC now owns 3,617 shares of the technology company’s stock worth $115,000 after buying an additional 2,077 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

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.