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

Ichor Holdings, Ltd. (NASDAQ:ICHR) has received an average recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $39.5714.

A number of research firms have issued reports on ICHR. Zacks Research raised shares of Ichor from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Stifel Nicolaus set a $30.00 price objective on shares of Ichor in a research note on Tuesday, February 10th. DA Davidson raised their target price on shares of Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. B. Riley Financial upgraded shares of Ichor from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 10th. Finally, Needham & Company LLC upped their price target on shares of Ichor from $36.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, February 10th.

Ichor Trading Down 7.1%

Ichor stock opened at $41.64 on Friday. The stock has a 50-day moving average price of $36.83 and a 200 day moving average price of $24.63. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -27.04 and a beta of 1.76. Ichor has a 52 week low of $13.12 and a 52 week high of $55.33. The company has a quick ratio of 1.38, a current ratio of 3.16 and a debt-to-equity ratio of 0.18.

Insiders Place Their Bets

In other news, Director Marc Haugen sold 19,875 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $49.71, for a total value of $987,986.25. Following the completion of the transaction, the director owned 26,085 shares of the company’s stock, valued at $1,296,685.35. The trade was a 43.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Philip Ryan Sr. Barros sold 21,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $46.63, for a total value of $979,230.00. Following the completion of the sale, the chief executive officer owned 153,936 shares in the company, valued at $7,178,035.68. The trade was a 12.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 120,259 shares of company stock worth $5,689,250. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ichor

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in shares of Ichor by 27.7% during the 1st quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock valued at $224,000 after purchasing an additional 2,146 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 worth $444,000 after buying an additional 865 shares in the last quarter. Jane Street Group LLC grew its position in Ichor by 286.0% during the first quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock valued at $1,205,000 after buying an additional 39,476 shares during the period. Envestnet Asset Management Inc. grew its position in Ichor by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 20,442 shares of the technology company’s stock valued at $401,000 after buying an additional 1,305 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Ichor by 143.9% in the second quarter. Bank of New York Mellon Corp now owns 515,638 shares of the technology company’s stock valued at $10,127,000 after buying an additional 304,228 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

About Ichor

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.