Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Consensus Rating of “Moderate Buy” from Analysts

Ichor Holdings, Ltd. (NASDAQ:ICHR) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $34.00.

A number of analysts have recently weighed in on the stock. DA Davidson reduced their target price on shares of Ichor from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. StockNews.com cut shares of Ichor from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. TD Cowen lowered their price objective on shares of Ichor from $38.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Stifel Nicolaus reduced their target price on shares of Ichor from $35.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a report on Tuesday, May 6th.

Insider Buying and Selling

In other Ichor news, CEO Jeff Andreson bought 10,000 shares of Ichor stock in a transaction dated Thursday, May 8th. The stock was acquired at an average cost of $16.86 per share, with a total value of $168,600.00. Following the purchase, the chief executive officer now directly owns 285,594 shares in the company, valued at $4,815,114.84. This represents a 3.63% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its stake in shares of Ichor by 1.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock worth $694,000 after buying an additional 373 shares during the period. Victory Capital Management Inc. raised its stake in Ichor by 1.1% in the 4th quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company’s stock valued at $1,422,000 after purchasing an additional 467 shares during the last quarter. Cerity Partners LLC raised its stake in Ichor by 5.9% in the 1st quarter. Cerity Partners LLC now owns 9,521 shares of the technology company’s stock valued at $215,000 after purchasing an additional 533 shares during the last quarter. Meeder Asset Management Inc. raised its stake in Ichor by 12.6% in the 4th quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company’s stock valued at $195,000 after purchasing an additional 675 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Ichor by 0.9% in the 1st quarter. Rhumbline Advisers now owns 99,149 shares of the technology company’s stock valued at $2,242,000 after purchasing an additional 839 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Price Performance

Shares of NASDAQ:ICHR opened at $18.30 on Friday. The stock has a market cap of $624.40 million, a PE ratio of -28.15 and a beta of 1.83. Ichor has a 1-year low of $15.38 and a 1-year high of $42.70. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $20.80 and its two-hundred day simple moving average is $27.63.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $244.47 million during the quarter, compared to analysts’ expectations of $244.95 million. During the same period last year, the business posted ($0.09) EPS. The company’s revenue was up 21.4% compared to the same quarter last year. As a group, analysts forecast that Ichor will post 1.01 EPS for the current fiscal year.

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.