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

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

Several brokerages have issued reports on ICHR. Stifel Nicolaus lowered their price target on Ichor from $35.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. TD Cowen lowered their price target on Ichor from $38.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Wall Street Zen downgraded Ichor from a “hold” rating to a “sell” rating in a report on Thursday, April 10th. Oppenheimer lowered 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. Finally, Needham & Company LLC restated a “hold” rating on shares of Ichor in a report on Tuesday, May 6th.

Insider Activity

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Ichor by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,724,058 shares of the technology company’s stock valued at $55,547,000 after purchasing an additional 111,337 shares during the last quarter. Wellington Management Group LLP boosted its position in Ichor by 42.6% during the first quarter. Wellington Management Group LLP now owns 1,663,070 shares of the technology company’s stock valued at $37,602,000 after purchasing an additional 496,866 shares during the last quarter. American Century Companies Inc. boosted its position in Ichor by 10,313.1% during the first quarter. American Century Companies Inc. now owns 1,233,437 shares of the technology company’s stock valued at $27,888,000 after purchasing an additional 1,221,592 shares during the last quarter. Invesco Ltd. boosted its position in Ichor by 6.1% during the first quarter. Invesco Ltd. now owns 1,168,756 shares of the technology company’s stock valued at $26,426,000 after purchasing an additional 66,942 shares during the last quarter. Finally, Royce & Associates LP boosted its position in Ichor by 7.9% during the first quarter. Royce & Associates LP now owns 932,925 shares of the technology company’s stock valued at $21,093,000 after purchasing an additional 68,680 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Trading Up 5.2%

NASDAQ:ICHR opened at $23.46 on Friday. Ichor has a 1-year low of $15.33 and a 1-year high of $42.70. The business’s 50-day moving average price is $18.44 and its two-hundred day moving average price is $24.28. The company has a current ratio of 3.09, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $800.46 million, a price-to-earnings ratio of -48.88 and a beta of 1.80.

Ichor (NASDAQ:ICHR) last released its earnings results 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 net margin of 1.84% and a negative return on equity of 0.63%. The company had revenue of $244.47 million during the quarter, compared to analyst estimates of $244.95 million. During the same period in the previous year, the company posted ($0.09) EPS. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, equities analysts expect 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.