Analysts Set Ichor Holdings, Ltd. (NASDAQ:ICHR) Price Target at $42.57

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) has earned an average recommendation of "Buy" from the seven brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $42.57.

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

Institutional Investors Weigh In On Ichor

A number of large investors have recently made changes to their positions in ICHR. State Street Corp raised its holdings in shares of Ichor by 1.8% during the 3rd quarter. State Street Corp now owns 1,232,532 shares of the technology company's stock worth $39,207,000 after acquiring an additional 21,804 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Ichor by 65.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,904 shares of the technology company's stock valued at $1,746,000 after acquiring an additional 21,810 shares during the last quarter. Foundry Partners LLC bought a new position in Ichor in the 3rd quarter valued at $3,107,000. Mutual of America Capital Management LLC grew its position in shares of Ichor by 50.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company's stock worth $3,865,000 after buying an additional 40,575 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Ichor by 377.6% during the 3rd quarter. Barclays PLC now owns 56,787 shares of the technology company's stock worth $1,808,000 after buying an additional 44,897 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors.

Ichor Price Performance

Shares of Ichor stock traded down $0.68 during midday trading on Friday, hitting $32.00. 118,978 shares of the company traded hands, compared to its average volume of 170,696. Ichor has a 12 month low of $26.40 and a 12 month 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 $1.08 billion, a price-to-earnings ratio of -34.41 and a beta of 1.92. The firm's fifty day moving average price is $32.26 and its 200-day moving average price is $31.86.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The firm had revenue of $211.14 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.09) EPS. As a group, sell-side analysts forecast that Ichor will post -0.1 earnings per share for the current 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.