Ichor Holdings, Ltd. (NASDAQ:ICHR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have earned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $43.80.

A number of research firms have recently issued reports on ICHR. B. Riley reissued a “neutral” rating and issued a $40.00 price target (up from $36.00) on shares of Ichor in a research note on Friday, March 15th. TD Cowen boosted their price target on shares of Ichor from $31.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 target price on shares of Ichor in a research note on Tuesday, March 19th. Finally, Craig Hallum started coverage on shares of Ichor in a report on Tuesday. They set a “buy” rating and a $55.00 price target for the company.

Ichor Stock Performance

ICHR opened at $39.43 on Friday. The firm has a market capitalization of $1.30 billion, a PE ratio of -26.82 and a beta of 2.02. Ichor has a twelve month low of $22.26 and a twelve month high of $46.43. The firm’s 50-day moving average price is $40.45 and its 200 day moving average price is $33.40. The company has a current ratio of 4.06, a quick ratio of 1.57 and a debt-to-equity ratio of 0.43.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, February 6th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.13). The firm had revenue of $203.48 million during the quarter, compared to analyst estimates of $197.50 million. Ichor had a negative net margin of 5.30% and a negative return on equity of 0.88%. As a group, sell-side analysts expect that Ichor will post 0.23 EPS for the current fiscal year.

Insider Activity

In other news, insider Christopher Smith sold 23,433 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.08, for a total value of $1,056,359.64. Following the completion of the transaction, the insider now owns 70,329 shares in the company, valued at approximately $3,170,431.32. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.39, for a total transaction of $327,988.14. Following the completion of the sale, the chief technology officer now owns 50,490 shares in the company, valued at approximately $2,291,741.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher Smith sold 23,433 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the sale, the insider now owns 70,329 shares of the company’s stock, valued at approximately $3,170,431.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,659 shares of company stock worth $3,652,848. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of Ichor

A number of large investors have recently bought and sold shares of ICHR. Public Employees Retirement System of Ohio boosted its stake in Ichor by 48.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,155 shares of the technology company’s stock worth $28,000 after purchasing an additional 376 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Ichor during the 2nd quarter worth $28,000. Signaturefd LLC raised its position in Ichor by 207.2% during the 3rd quarter. Signaturefd LLC now owns 1,109 shares of the technology company’s stock worth $34,000 after buying an additional 748 shares during the last quarter. CWM LLC raised its position in Ichor by 87.1% during the 4th quarter. CWM LLC now owns 1,100 shares of the technology company’s stock worth $37,000 after buying an additional 512 shares during the last quarter. Finally, UBS Group AG raised its position in Ichor by 73.8% during the 3rd quarter. UBS Group AG now owns 1,582 shares of the technology company’s stock worth $39,000 after buying an additional 672 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.