Brokerages Set Ichor Holdings, Ltd. (NASDAQ:ICHR) PT at $42.29

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $42.29.

Several brokerages recently weighed in on ICHR. TD Cowen reduced their target price on shares of Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 17th. StockNews.com cut shares of Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a report on Wednesday, February 5th.

Ichor Stock Up 2.1 %

Shares of ICHR opened at $28.80 on Monday. The stock has a market capitalization of $979.29 million, a PE ratio of -44.31 and a beta of 1.91. Ichor has a 1 year low of $25.95 and a 1 year high of $45.21. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. The company’s 50-day simple moving average is $31.01 and its 200-day simple moving average is $30.62.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. Analysts forecast that Ichor will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.04, for a total transaction of $96,120.00. Following the sale, the director now owns 9,832 shares of the company’s stock, valued at approximately $315,017.28. This trade represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Ichor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP grew its position in shares of Ichor by 80.4% during the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after acquiring an additional 698 shares during the last quarter. KBC Group NV grew its position in shares of Ichor by 83.5% during the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after acquiring an additional 949 shares during the last quarter. Globeflex Capital L P purchased a new position in shares of Ichor during the fourth quarter worth approximately $93,000. Tower Research Capital LLC TRC grew its position in shares of Ichor by 52.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock worth $147,000 after acquiring an additional 1,578 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Ichor by 28.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after acquiring an additional 1,068 shares during the last quarter. Institutional investors and hedge funds 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.