B.Riley Securit Upgrades Ichor (NASDAQ:ICHR) to “Strong-Buy”

Ichor (NASDAQ:ICHRGet Free Report) was upgraded by equities research analysts at B.Riley Securit from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other brokerages also recently issued reports on ICHR. Craig Hallum reiterated a “buy” rating and set a $36.00 price target on shares of Ichor in a report on Wednesday, January 14th. TD Cowen reissued a “buy” rating on shares of Ichor in a research note on Tuesday. DA Davidson lowered their target price on Ichor from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Oppenheimer lifted their price objective on Ichor from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Tuesday. Finally, Zacks Research raised shares of Ichor from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.38.

Get Our Latest Stock Report on Ichor

Ichor Trading Up 5.1%

Shares of ICHR opened at $47.59 on Tuesday. Ichor has a 52-week low of $13.12 and a 52-week high of $48.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 3.16. The business’s fifty day moving average is $24.88 and its 200-day moving average is $20.50. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -30.90 and a beta of 1.89.

Insider Activity at Ichor

In related news, Director Iain Mackenzie purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average cost of $14.53 per share, with a total value of $145,300.00. Following the acquisition, the director owned 130,011 shares of the company’s stock, valued at $1,889,059.83. This represents a 8.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Ichor

Several large investors have recently modified their holdings of ICHR. Newbridge Financial Services Group Inc. purchased a new position in Ichor in the second quarter valued at approximately $27,000. Hantz Financial Services Inc. raised its stake in shares of Ichor by 64.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after buying an additional 590 shares during the period. Danske Bank A S purchased a new position in shares of Ichor during the 3rd quarter valued at $28,000. Nisa Investment Advisors LLC grew its stake in shares of Ichor by 1,060.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company’s stock worth $34,000 after acquiring an additional 1,602 shares during the period. Finally, State of Wyoming grew its stake in shares of Ichor by 607.7% during the 4th quarter. State of Wyoming now owns 3,234 shares of the technology company’s stock worth $60,000 after acquiring an additional 2,777 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Key Stories Impacting Ichor

Here are the key news stories impacting Ichor this week:

Ichor Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Ichor (NASDAQ:ICHR)

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