Ichor (NASDAQ:ICHR) Reaches New 52-Week High – Still a Buy?

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) reached a new 52-week high during trading on Friday . The company traded as high as $49.16 and last traded at $49.7240, with a volume of 86415 shares traded. The stock had previously closed at $47.84.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ICHR. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research note on Monday, December 29th. TD Cowen reissued a “buy” rating on shares of Ichor in a report on Tuesday, February 10th. Oppenheimer boosted their price objective on Ichor from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Tuesday, February 10th. Wall Street Zen raised Ichor from a “strong sell” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, DA Davidson lifted their price target on Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ichor presently has a consensus rating of “Hold” and a consensus target price of $39.57.

Ichor Trading Up 5.2%

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 company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -32.69 and a beta of 1.89. The business’s 50-day moving average price is $28.98 and its two-hundred day moving average price is $21.86.

Insider Activity

In other news, Director Thomas M. Rohrs sold 53,908 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $45.48, for a total transaction of $2,451,735.84. Following the sale, the director directly owned 53,024 shares of the company’s stock, valued at approximately $2,411,531.52. This represents a 50.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Ichor

A number of hedge funds have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new position in Ichor in the 2nd quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Ichor during the fourth quarter worth $26,000. Hantz Financial Services Inc. increased its holdings in shares of Ichor by 64.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock worth $28,000 after buying an additional 590 shares in the last quarter. Danske Bank A S bought a new position in shares of Ichor in the 3rd quarter valued at $28,000. Finally, Nisa Investment Advisors LLC boosted its holdings 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 valued at $34,000 after acquiring an additional 1,602 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

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.