Ichor Holdings, Ltd. (NASDAQ:ICHR) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) have received a consensus rating of "Buy" from the seven brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $42.57.

ICHR has been the topic of several research reports. TD Cowen raised their price target on Ichor from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. B. Riley reaffirmed a "buy" rating and set a $38.00 price target (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Oppenheimer initiated coverage on shares of Ichor in a report on Wednesday, September 25th. They issued a "market perform" rating and a $35.00 price target for the company. Finally, DA Davidson began coverage on Ichor in a report on Thursday, September 26th. They set a "buy" rating and a $50.00 target price for the company.

Ichor Trading Down 1.6 %

ICHR traded down $0.50 on Wednesday, reaching $31.23. 326,656 shares of the company traded hands, compared to its average volume of 298,706. The company has a market cap of $1.05 billion, a P/E ratio of -33.58 and a beta of 1.93. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. Ichor has a one year low of $26.40 and a one year high of $46.43. The firm has a fifty day simple moving average of $30.95 and a two-hundred day simple moving average of $32.57.

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

Hedge Funds Weigh In On Ichor

Large investors have recently made changes to their positions in the company. Quarry LP increased its holdings in 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 buying an additional 433 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Ichor by 136.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company's stock valued at $34,000 after purchasing an additional 625 shares in the last quarter. Signaturefd LLC raised 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 purchasing an additional 854 shares during the period. CWM LLC boosted its position in Ichor by 50.5% during the second quarter. CWM LLC now owns 1,540 shares of the technology company's stock worth $59,000 after purchasing an additional 517 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ichor by 28.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company's stock valued at $153,000 after purchasing an additional 1,068 shares during the period. 94.81% of the stock is currently owned by institutional investors and hedge funds.

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.