Oppenheimer Cuts Ichor (NASDAQ:ICHR) Price Target to $25.00

Ichor (NASDAQ:ICHR) had its price objective lowered by Oppenheimer from $35.00 to $25.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a market perform rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the stock. StockNews.com lowered shares of Ichor from a “hold” rating to a “sell” rating in a report on Thursday. TD Cowen decreased their price target on shares of Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Finally, Needham & Company LLC restated a “hold” rating on shares of Ichor in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $40.86.

Ichor Stock Performance

Shares of NASDAQ:ICHR opened at $17.23 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49. The business’s fifty day moving average price is $26.94 and its two-hundred day moving average price is $29.45. Ichor has a fifty-two week low of $15.84 and a fifty-two week high of $42.70. The stock has a market capitalization of $587.77 million, a price-to-earnings ratio of -26.51 and a beta of 1.88.

Ichor (NASDAQ:ICHR) last announced its earnings results 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 return on equity of 1.38% and a negative net margin of 2.45%. As a group, analysts predict that Ichor will post 1.01 EPS for the current fiscal year.

Insider Activity

In related news, Director Jorge Titinger sold 3,000 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the sale, the director now owns 9,832 shares in the company, valued at approximately $315,017.28. This represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ichor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Ichor by 65.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,904 shares of the technology company’s stock valued at $1,746,000 after acquiring an additional 21,810 shares during the period. Stifel Financial Corp raised its holdings in Ichor by 8.6% in the third quarter. Stifel Financial Corp now owns 50,805 shares of the technology company’s stock worth $1,616,000 after purchasing an additional 4,036 shares during the period. State Street Corp boosted its position in shares of Ichor by 1.8% during the third quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock worth $39,207,000 after purchasing an additional 21,804 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Ichor during the third quarter worth $207,000. Finally, Barclays PLC grew its holdings in shares of Ichor by 377.6% in the 3rd quarter. Barclays PLC now owns 56,787 shares of the technology company’s stock valued at $1,808,000 after buying an additional 44,897 shares during the period. Institutional investors 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.