Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Average Rating of "Moderate Buy" from Brokerages

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) has received an average rating of "Moderate Buy" from the six research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $40.17.

A number of brokerages have weighed in on ICHR. Oppenheimer decreased their price target on Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a report on Friday, April 11th. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a report on Wednesday, February 5th. StockNews.com cut Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Finally, TD Cowen lowered their price objective on shares of Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, January 17th.

Insider Buying and Selling

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the sale, the director now directly owns 9,832 shares of the company's stock, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ichor

A number of hedge funds have recently bought and sold shares of the company. Oberweis Asset Management Inc. bought a new position in shares of Ichor during the fourth quarter valued at about $10,884,000. Raymond James Financial Inc. bought a new position in shares of Ichor in the fourth quarter valued at approximately $8,489,000. JPMorgan Chase & Co. increased its position in shares of Ichor by 73.6% during the fourth quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company's stock valued at $19,030,000 after acquiring an additional 250,383 shares during the last quarter. Royce & Associates LP lifted its holdings in Ichor by 20.2% during the fourth quarter. Royce & Associates LP now owns 864,245 shares of the technology company's stock worth $27,846,000 after acquiring an additional 145,278 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in Ichor by 18.7% in the fourth quarter. Nuveen Asset Management LLC now owns 777,289 shares of the technology company's stock worth $25,044,000 after purchasing an additional 122,280 shares during the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Trading Up 1.8 %

ICHR traded up $0.38 during trading on Tuesday, reaching $21.26. 203,577 shares of the company's stock were exchanged, compared to its average volume of 309,650. The firm has a fifty day moving average price of $24.36 and a two-hundred day moving average price of $28.66. The stock has a market capitalization of $725.07 million, a PE ratio of -32.58 and a beta of 1.88. Ichor has a one year low of $15.84 and a one year high of $42.70. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. As a group, equities research analysts forecast that Ichor will post 1.01 earnings per share for the current fiscal year.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.