Ichor (NASDAQ:ICHR) Upgraded by Stifel Nicolaus to “Buy” Rating

Stifel Nicolaus upgraded shares of Ichor (NASDAQ:ICHR) from a hold rating to a buy rating in a research report report published on Tuesday morning, Marketbeat reports. The firm currently has $55.00 target price on the technology company’s stock, up from their prior target price of $30.00.

Several other equities analysts have also recently commented on the stock. Craig Hallum restated a “buy” rating and issued a $36.00 target price on shares of Ichor in a research report on Wednesday, January 14th. Oppenheimer lifted their price objective on shares of Ichor from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Tuesday, February 10th. Needham & Company LLC upped their target price on Ichor from $36.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. TD Cowen reaffirmed a “buy” rating on shares of Ichor in a report on Tuesday, February 10th. Finally, Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ichor has an average rating of “Moderate Buy” and an average target price of $43.14.

Ichor Stock Up 11.8%

Shares of NASDAQ ICHR opened at $47.62 on Tuesday. Ichor has a 52 week low of $13.12 and a 52 week high of $55.33. The stock’s fifty day moving average is $38.18 and its 200 day moving average is $25.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 3.16. The stock has a market capitalization of $1.65 billion, a P/E ratio of -30.92 and a beta of 1.76.

Insider Buying and Selling at Ichor

In related news, CEO Philip Ryan Sr. Barros sold 21,000 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $46.63, for a total value of $979,230.00. Following the completion of the transaction, the chief executive officer owned 153,936 shares of the company’s stock, valued at $7,178,035.68. This represents a 12.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marc Haugen sold 19,875 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $49.71, for a total transaction of $987,986.25. Following the sale, the director directly owned 26,085 shares in the company, valued at approximately $1,296,685.35. The trade was a 43.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 120,259 shares of company stock worth $5,689,250 over the last 90 days. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ichor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Ichor by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 3,333,902 shares of the technology company’s stock valued at $61,444,000 after purchasing an additional 148,993 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Ichor by 141.2% during the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after purchasing an additional 1,770,425 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Ichor by 15.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,957,656 shares of the technology company’s stock valued at $36,080,000 after buying an additional 259,417 shares during the period. Royce & Associates LP increased its stake in shares of Ichor by 48.5% in the fourth quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after buying an additional 473,440 shares during the period. Finally, State Street Corp raised its holdings in Ichor by 0.9% in the 4th quarter. State Street Corp now owns 1,285,419 shares of the technology company’s stock valued at $23,690,000 after buying an additional 11,645 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.