Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Ichor Holdings, Ltd. (NASDAQ:ICHR) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Two investment 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 12-month target price among brokers that have issued ratings on the stock in the last year is $42.29.

ICHR has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. TD Cowen lowered their target price on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, StockNews.com cut Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th.

Ichor Stock Performance

Shares of ICHR stock opened at $25.18 on Friday. The company has a market capitalization of $856.20 million, a price-to-earnings ratio of -38.74 and a beta of 1.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. Ichor has a 52 week low of $24.61 and a 52 week high of $42.70. The company has a 50-day simple moving average of $29.29 and a 200 day simple moving average of $30.22.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data 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 2.45% and a negative return on equity of 1.38%. On average, sell-side analysts predict that Ichor will post 1.01 earnings per share for the current year.

Insider Activity at Ichor

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the stock in a transaction on Friday, February 7th. The stock was 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 in the company, valued at $315,017.28. This represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of Ichor

A number of hedge funds and other institutional investors have recently bought and sold shares of ICHR. Janney Montgomery Scott LLC boosted its position in shares of Ichor by 1.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock valued at $694,000 after acquiring an additional 373 shares during the last quarter. Victory Capital Management Inc. boosted its position in Ichor by 1.1% during the fourth quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company’s stock valued at $1,422,000 after buying an additional 467 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Ichor by 12.6% in the 4th quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company’s stock valued at $195,000 after acquiring an additional 675 shares during the last quarter. Quarry LP lifted its position in Ichor by 80.4% in the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock valued at $50,000 after purchasing an additional 698 shares during the last quarter. Finally, Swiss National Bank raised its holdings in Ichor by 1.4% during the 4th quarter. Swiss National Bank now owns 66,200 shares of the technology company’s stock valued at $2,133,000 after buying an additional 900 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

Ichor Company Profile

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.