Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $42.57 Consensus PT from Analysts

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) has been assigned a consensus recommendation of "Buy" from the seven ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $42.57.

Several analysts have commented on the stock. TD Cowen lifted their price objective on shares of Ichor from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Needham & Company LLC lowered their price target on shares of Ichor from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. B. Riley reiterated a "buy" rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. StockNews.com upgraded Ichor from a "sell" rating to a "hold" rating in a research note on Wednesday, August 14th. Finally, DA Davidson initiated coverage on Ichor in a research report on Thursday, September 26th. They set a "buy" rating and a $50.00 price target for the company.

Ichor Stock Performance

ICHR stock traded up $0.79 during midday trading on Friday, reaching $33.35. The stock had a trading volume of 234,555 shares, compared to its average volume of 237,350. The firm has a fifty day simple moving average of $29.70 and a two-hundred day simple moving average of $33.26. Ichor has a 52-week low of $25.32 and a 52-week high of $46.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. The stock has a market cap of $1.12 billion, a PE ratio of -35.86 and a beta of 1.91.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $211.14 million during the quarter, compared to analysts' expectations of $203.24 million. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the business posted ($0.09) earnings per share. As a group, equities research analysts anticipate that Ichor will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Ichor

A number of hedge funds have recently bought and sold shares of the business. Quarry LP grew its position in shares of Ichor by 99.5% in the second quarter. Quarry LP now owns 868 shares of the technology company's stock valued at $33,000 after purchasing an additional 433 shares during the period. GAMMA Investing LLC boosted its holdings in Ichor by 136.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company's stock worth $34,000 after buying an additional 625 shares during the last quarter. Signaturefd LLC boosted its holdings in Ichor by 214.6% in the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company's stock worth $40,000 after buying an additional 854 shares during the last quarter. CWM LLC increased its stake in Ichor by 50.5% during the 2nd quarter. CWM LLC now owns 1,540 shares of the technology company's stock worth $59,000 after buying an additional 517 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ichor by 28.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company's stock valued at $153,000 after acquiring an additional 1,068 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company's stock.

Ichor Company Profile

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.