Ichor (NASDAQ:ICHR) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Ichor (NASDAQ:ICHR) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

Other analysts also recently issued research reports about the stock. TD Cowen boosted their price objective on shares of Ichor from $42.00 to $48.00 and gave the stock a buy rating in a report on Wednesday. Craig Hallum lowered their target price on Ichor from $55.00 to $50.00 and set a buy rating on the stock in a report on Wednesday. Stifel Nicolaus boosted their price objective on shares of Ichor from $40.00 to $45.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. Needham & Company LLC reiterated a hold rating and issued a $42.00 price target on shares of Ichor in a research report on Wednesday. Finally, B. Riley upgraded Ichor from a neutral rating to a buy rating and lifted their price objective for the stock from $40.00 to $48.00 in a research report on Friday, April 19th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $46.60.

Ichor Trading Down 2.8 %

NASDAQ ICHR opened at $37.86 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.06 and a quick ratio of 1.57. Ichor has a 12 month low of $22.26 and a 12 month high of $46.43. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -25.75 and a beta of 1.98. The firm’s fifty day moving average price is $39.00 and its 200 day moving average price is $34.62.

Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, February 6th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13). The company 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%. On average, sell-side analysts expect that Ichor will post 0.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Christopher Smith sold 23,433 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 70,329 shares of the company’s stock, valued at approximately $3,170,431.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ichor news, Director Thomas M. Rohrs sold 50,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.37, for a total transaction of $2,268,500.00. Following the transaction, the director now directly owns 43,764 shares in the company, valued at approximately $1,985,572.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Smith sold 23,433 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly 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 three months, insiders sold 80,659 shares of company stock valued at $3,652,848. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Ichor

Large investors have recently added to or reduced their stakes in the company. CWM LLC boosted its position in Ichor by 87.1% during the 4th quarter. CWM LLC now owns 1,100 shares of the technology company’s stock valued at $37,000 after purchasing an additional 512 shares during the period. Signaturefd LLC boosted its holdings in shares of Ichor by 207.2% during the third quarter. Signaturefd LLC now owns 1,109 shares of the technology company’s stock valued at $34,000 after acquiring an additional 748 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Ichor during the fourth quarter worth about $41,000. PNC Financial Services Group Inc. increased its holdings in shares of Ichor by 39.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock worth $102,000 after acquiring an additional 854 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Ichor during the 3rd quarter valued at about $143,000. 94.81% of the stock is currently owned by institutional investors.

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.