Ichor’s (ICHR) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Ichor (NASDAQ:ICHR) in a research report report published on Tuesday,Benzinga reports.

Several other analysts also recently issued reports on ICHR. StockNews.com downgraded Ichor from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. TD Cowen decreased their target price on shares of Ichor from $38.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Oppenheimer cut their price target on Ichor from $35.00 to $25.00 and set a “market perform” rating for the company in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Ichor has a consensus rating of “Hold” and an average target price of $34.00.

Ichor Price Performance

Ichor stock opened at $16.72 on Tuesday. The firm has a market capitalization of $570.37 million, a PE ratio of -25.72 and a beta of 1.83. Ichor has a 52 week low of $15.38 and a 52 week high of $42.70. The firm’s 50-day simple moving average is $21.88 and its 200 day simple moving average is $28.00. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. The business had revenue of $244.47 million during the quarter, compared to analyst estimates of $244.95 million. During the same quarter in the prior year, the company earned ($0.09) earnings per share. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, equities research analysts predict that Ichor will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jeff Andreson acquired 10,000 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were bought at an average cost of $16.86 per share, for a total transaction of $168,600.00. Following the acquisition, the chief executive officer now directly owns 285,594 shares in the company, valued at $4,815,114.84. This trade represents a 3.63 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ICHR. Tower Research Capital LLC TRC grew its stake in Ichor by 52.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock worth $147,000 after buying an additional 1,578 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Ichor by 157.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock valued at $10,823,000 after acquiring an additional 208,328 shares in the last quarter. Barclays PLC increased its holdings in 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 purchasing an additional 44,897 shares in the last quarter. Hodges Capital Management Inc. raised its position in Ichor by 52.0% in the fourth quarter. Hodges Capital Management Inc. now owns 217,125 shares of the technology company’s stock valued at $6,996,000 after purchasing an additional 74,255 shares during the period. Finally, Swiss National Bank boosted its position in shares of Ichor by 1.4% in the fourth quarter. Swiss National Bank now owns 66,200 shares of the technology company’s stock worth $2,133,000 after buying an additional 900 shares during the period. Hedge funds and other 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.