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

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $34.00.

Several brokerages have recently issued reports on ICHR. Wall Street Zen cut Ichor from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. Stifel Nicolaus decreased their target price on Ichor from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. TD Cowen decreased their target price on Ichor from $38.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. DA Davidson decreased their target price on Ichor from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Finally, Oppenheimer decreased their target price on Ichor from $35.00 to $25.00 and set a “market perform” rating on the stock in a report on Friday, April 11th.

Insider Transactions at Ichor

In other news, CEO Jeff Andreson acquired 10,000 shares of Ichor stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average price of $16.86 per share, with a total value of $168,600.00. Following the completion of the transaction, the chief executive officer owned 285,594 shares in the company, valued at approximately $4,815,114.84. This trade represents a 3.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Trading of Ichor

A number of institutional investors and hedge funds have recently made changes to their positions in ICHR. Central Pacific Bank Trust Division acquired a new stake in shares of Ichor in the second quarter worth about $37,000. Quarry LP lifted its position in shares of Ichor by 54.9% in the fourth quarter. Quarry LP now owns 2,426 shares of the technology company’s stock worth $78,000 after buying an additional 860 shares during the last quarter. Globeflex Capital L P acquired a new stake in shares of Ichor in the fourth quarter worth about $93,000. Tower Research Capital LLC TRC lifted its position in shares of Ichor by 52.9% in 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 last quarter. Finally, Headlands Technologies LLC lifted its position in shares of Ichor by 570.9% in the first quarter. Headlands Technologies LLC now owns 8,044 shares of the technology company’s stock worth $182,000 after buying an additional 6,845 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Stock Up 5.2%

ICHR opened at $23.46 on Friday. Ichor has a 12 month low of $15.33 and a 12 month high of $42.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.09 and a quick ratio of 1.32. The stock has a market cap of $800.46 million, a P/E ratio of -48.88 and a beta of 1.80. The stock’s 50 day moving average price is $18.44 and its 200 day moving average price is $24.28.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.14). Ichor had a negative net margin of 1.84% and a negative return on equity of 0.63%. The firm had revenue of $244.47 million for the quarter, compared to analyst estimates of $244.95 million. During the same quarter last year, the business posted ($0.09) earnings per share. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, research analysts predict that Ichor will post 1.01 earnings per share for the current year.

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.