Ichor (NASDAQ:ICHR) had its price objective upped by Cowen from $26.00 to $32.00 in a research note published on Wednesday, Briefing.com Automated Import reports. They currently have a market perform rating on the technology company’s stock.
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Other research analysts have also issued reports about the stock. BidaskClub upgraded shares of Ichor from a hold rating to a buy rating in a research report on Thursday, October 17th. DA Davidson raised shares of Ichor from a neutral rating to a buy rating and boosted their price target for the stock from $25.00 to $34.00 in a research note on Thursday, October 24th. Zacks Investment Research raised shares of Ichor from a sell rating to a hold rating in a research note on Thursday, October 31st. Needham & Company LLC set a $25.00 price target on shares of Ichor and gave the stock a buy rating in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus set a $31.00 price target on shares of Ichor and gave the stock a buy rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $32.86.
Ichor stock traded down $0.20 during mid-day trading on Wednesday, reaching $31.37. The company’s stock had a trading volume of 600,400 shares, compared to its average volume of 305,283. Ichor has a 12-month low of $14.23 and a 12-month high of $32.55. The firm’s fifty day moving average price is $26.51 and its two-hundred day moving average price is $24.05. The company has a market capitalization of $705.68 million, a P/E ratio of 11.24 and a beta of 2.82. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.29 and a current ratio of 2.29.
Ichor (NASDAQ:ICHR) last announced its earnings results on Tuesday, November 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.08. Ichor had a net margin of 1.09% and a return on equity of 9.48%. The company had revenue of $154.46 million during the quarter, compared to analyst estimates of $149.96 million. During the same period in the previous year, the business earned $0.55 earnings per share. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, research analysts predict that Ichor will post 0.9 EPS for the current fiscal year.
In other Ichor news, CTO Philip Ryan Sr. Barros sold 15,338 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $23.18, for a total value of $355,534.84. Following the completion of the sale, the chief technology officer now directly owns 56,475 shares of the company’s stock, valued at $1,309,090.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.
Several large investors have recently modified their holdings of the company. Arizona State Retirement System raised its stake in shares of Ichor by 1.2% during the second quarter. Arizona State Retirement System now owns 34,715 shares of the technology company’s stock valued at $821,000 after acquiring an additional 414 shares during the last quarter. Comerica Bank grew its holdings in Ichor by 2.1% in the third quarter. Comerica Bank now owns 21,048 shares of the technology company’s stock worth $606,000 after purchasing an additional 442 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Ichor by 10.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,466 shares of the technology company’s stock worth $153,000 after purchasing an additional 608 shares during the period. Flinton Capital Management LLC grew its holdings in Ichor by 20.3% in the second quarter. Flinton Capital Management LLC now owns 4,176 shares of the technology company’s stock worth $99,000 after purchasing an additional 704 shares during the period. Finally, State of Tennessee Treasury Department grew its holdings in Ichor by 8.5% in the third quarter. State of Tennessee Treasury Department now owns 10,041 shares of the technology company’s stock worth $243,000 after purchasing an additional 789 shares during the period. 87.28% of the stock is owned by hedge funds and other institutional investors.
Ichor Company Profile
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.
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