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

Ichor Holdings, Ltd. (NASDAQ:ICHR) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $34.00.

A number of analysts have recently weighed in on ICHR shares. DA Davidson lowered their target price on Ichor from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Stifel Nicolaus lowered their target price on Ichor from $35.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. TD Cowen lowered their target price on Ichor from $38.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Oppenheimer lowered their target price on Ichor from $35.00 to $25.00 and set a “market perform” rating for the company in a research note on Friday, April 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of Ichor in a research note on Tuesday, May 6th.

Ichor Stock Performance

Ichor stock opened at $19.24 on Wednesday. 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 stock has a fifty day moving average price of $18.08 and a two-hundred day moving average price of $26.02. Ichor has a 52-week low of $15.33 and a 52-week high of $42.70. The firm has a market capitalization of $656.47 million, a P/E ratio of -29.60 and a beta of 1.76.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $244.95 million. During the same period in the prior year, the business earned ($0.09) earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, analysts anticipate 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 stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average cost of $16.86 per share, for a total transaction of $168,600.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ICHR. Barclays PLC boosted its position in shares of Ichor by 377.6% in the 3rd quarter. Barclays PLC now owns 56,787 shares of the technology company’s stock worth $1,808,000 after purchasing an additional 44,897 shares during the last quarter. KBC Group NV grew its position in shares of Ichor by 83.5% during the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after buying an additional 949 shares during the period. Principal Financial Group Inc. grew its position in shares of Ichor by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 163,885 shares of the technology company’s stock worth $5,280,000 after buying an additional 4,851 shares during the period. Handelsbanken Fonder AB grew its position in shares of Ichor by 26.3% during the 4th quarter. Handelsbanken Fonder AB now owns 10,100 shares of the technology company’s stock worth $325,000 after buying an additional 2,100 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Ichor by 45.5% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 9,464 shares of the technology company’s stock worth $305,000 after buying an additional 2,960 shares during the period. 94.81% of the stock is currently owned by institutional investors.

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.