B. Riley Financial Issues Positive Forecast for Ichor (NASDAQ:ICHR) Stock Price

Ichor (NASDAQ:ICHR) had its target price increased by B. Riley Financial from $52.00 to $75.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Other analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Ichor from a “strong sell” rating to a “hold” rating in a research note on Sunday, February 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research note on Friday, March 27th. Craig Hallum reissued a “buy” rating and issued a $36.00 price objective on shares of Ichor in a research note on Wednesday, January 14th. Oppenheimer increased their price objective on shares of Ichor from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 10th. Finally, DA Davidson increased their price objective on shares of Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.43.

Ichor Stock Performance

Shares of NASDAQ ICHR opened at $60.47 on Monday. The firm has a fifty day moving average price of $45.96 and a 200-day moving average price of $29.63. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.16 and a quick ratio of 1.38. The stock has a market cap of $2.10 billion, a PE ratio of -39.27 and a beta of 1.67. Ichor has a 1 year low of $13.12 and a 1 year high of $61.16.

Insider Activity

In related news, Director Marc Haugen sold 19,875 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $49.71, for a total transaction of $987,986.25. Following the completion of the transaction, the director owned 26,085 shares in the company, valued at approximately $1,296,685.35. This represents a 43.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Bruce Ragsdale sold 21,276 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $49.66, for a total transaction of $1,056,566.16. Following the transaction, the chief operating officer owned 97,661 shares of the company’s stock, valued at approximately $4,849,845.26. This represents a 17.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 120,259 shares of company stock valued at $5,689,250 in the last quarter. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Ichor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Linden Thomas Advisory Services LLC boosted its position in shares of Ichor by 0.8% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,702 shares of the technology company’s stock worth $934,000 after acquiring an additional 398 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Ichor by 64.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 590 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Ichor by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock valued at $244,000 after purchasing an additional 666 shares during the last quarter. AQR Capital Management LLC lifted its position in Ichor by 0.6% during the fourth quarter. AQR Capital Management LLC now owns 134,194 shares of the technology company’s stock valued at $2,473,000 after purchasing an additional 817 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ichor by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock valued at $444,000 after purchasing an additional 865 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

Ichor Company Profile

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.