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

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $42.29.

Several brokerages have recently weighed in on ICHR. Needham & Company LLC restated a "hold" rating on shares of Ichor in a research note on Wednesday, February 5th. StockNews.com lowered shares of Ichor from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. Finally, TD Cowen reduced their price target on shares of Ichor from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, January 17th.

Insider Buying and Selling

In other news, Director Jorge Titinger sold 3,000 shares of the firm's stock in a transaction 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 $315,017.28. This trade represents a 23.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is owned by corporate insiders.

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Institutional Investors Weigh In On Ichor

Hedge funds have recently made changes to their positions in the company. Quarry LP raised its stake in Ichor by 80.4% during the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company's stock valued at $50,000 after purchasing an additional 698 shares during the period. KBC Group NV raised its position in Ichor by 83.5% during the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company's stock valued at $67,000 after buying an additional 949 shares during the period. Globeflex Capital L P purchased a new stake in Ichor in the 4th quarter worth about $93,000. Tower Research Capital LLC TRC lifted its stake in Ichor by 52.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock worth $147,000 after acquiring an additional 1,578 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Ichor by 28.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company's stock worth $153,000 after acquiring an additional 1,068 shares during the period. Hedge funds and other institutional investors own 94.81% of the company's stock.

Ichor Stock Down 7.9 %

Shares of NASDAQ:ICHR traded down $1.99 during mid-day trading on Friday, hitting $23.19. 417,619 shares of the company traded hands, compared to its average volume of 297,226. The firm's 50 day simple moving average is $29.14 and its 200 day simple moving average is $30.21. The firm has a market cap of $788.53 million, a P/E ratio of -35.68 and a beta of 1.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. Ichor has a 52-week low of $23.09 and a 52-week high of $42.70.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. On average, equities analysts anticipate that Ichor will post 1.01 EPS 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.