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

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $42.29.

A number of research analysts recently issued reports on ICHR shares. 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a research report on Wednesday. Finally, TD Cowen reduced their price objective on shares of Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, January 17th.

Insider Buying and Selling

In other Ichor news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction dated 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 transaction, the director now owns 9,832 shares of the company's stock, valued at $315,017.28. The trade was a 23.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Ichor

Several institutional investors and hedge funds have recently bought and sold shares of ICHR. State Street Corp raised its position 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 valued at $39,207,000 after buying an additional 21,804 shares in the last quarter. Geode Capital Management LLC grew its holdings in Ichor by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 795,794 shares of the technology company's stock worth $25,319,000 after acquiring an additional 27,540 shares during the last quarter. Royce & Associates LP increased its holdings in Ichor by 20.8% during the 3rd quarter. Royce & Associates LP now owns 718,967 shares of the technology company's stock valued at $22,870,000 after purchasing an additional 123,585 shares during the period. Westfield Capital Management Co. LP raised its holdings in shares of Ichor by 4.5% during the third quarter. Westfield Capital Management Co. LP now owns 580,818 shares of the technology company's stock valued at $18,476,000 after acquiring an additional 24,889 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in Ichor by 26.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 568,117 shares of the technology company's stock worth $18,072,000 after purchasing an additional 120,133 shares in the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Trading Down 0.3 %

Shares of ICHR stock traded down $0.10 during trading hours on Thursday, hitting $32.40. 428,312 shares of the company's stock traded hands, compared to its average volume of 294,636. Ichor has a 12 month low of $25.95 and a 12 month high of $46.43. The stock's 50 day simple moving average is $31.33 and its 200 day simple moving average is $30.60. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.69.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings data 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 net margin of 2.45% and a negative return on equity of 1.38%. Sell-side analysts predict that Ichor will post 0.86 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.