Ichor Holdings, Ltd. (NASDAQ:ICHR) Given Average Rating of “Moderate Buy” by Analysts

Ichor Holdings, Ltd. (NASDAQ:ICHR) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $43.1429.

A number of research analysts recently issued reports on the company. TD Cowen reaffirmed a “buy” rating on shares of Ichor in a report on Tuesday, February 10th. Wall Street Zen raised Ichor from a “strong sell” rating to a “hold” rating in a report on Sunday, February 15th. Oppenheimer lifted their target price on Ichor from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Tuesday, February 10th. DA Davidson lifted their target price on Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Needham & Company LLC lifted their target price on Ichor from $36.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th.

Insiders Place Their Bets

In related news, Director Marc Haugen sold 19,875 shares of Ichor stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $49.71, for a total value of $987,986.25. Following the transaction, the director directly owned 26,085 shares in the company, valued at $1,296,685.35. The trade was a 43.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Bruce Ragsdale sold 21,276 shares of Ichor stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $49.66, for a total value of $1,056,566.16. Following the completion of the transaction, the chief operating officer owned 97,661 shares in the company, valued at $4,849,845.26. The trade was a 17.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 120,259 shares of company stock worth $5,689,250. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Ichor

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in shares of Ichor by 47.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 699,511 shares of the technology company’s stock worth $13,738,000 after acquiring an additional 225,738 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in shares of Ichor during the third quarter valued at $3,877,000. Quantbot Technologies LP grew its holdings in shares of Ichor by 229.7% during the third quarter. Quantbot Technologies LP now owns 107,999 shares of the technology company’s stock valued at $1,892,000 after buying an additional 75,240 shares in the last quarter. Harvey Partners LLC purchased a new position in shares of Ichor during the third quarter valued at $3,189,000. Finally, CenterBook Partners LP purchased a new position in shares of Ichor during the third quarter valued at $263,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor Price Performance

NASDAQ:ICHR opened at $47.76 on Tuesday. The business’s 50-day moving average price is $43.61 and its 200 day moving average price is $28.33. The firm has a market cap of $1.66 billion, a P/E ratio of -31.01 and a beta of 1.67. 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.

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.