Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $42.29 Average Target Price from Brokerages

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $42.29.

A number of analysts have issued reports on ICHR shares. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a report on Wednesday, February 5th. 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 report on Friday, January 17th. Finally, StockNews.com downgraded Ichor from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th.

Ichor Stock Down 3.9 %

ICHR traded down $1.13 during midday trading on Monday, reaching $27.67. The company's stock had a trading volume of 112,734 shares, compared to its average volume of 324,835. The stock's 50-day moving average is $31.01 and its 200-day moving average is $30.62. The firm has a market capitalization of $941.00 million, a price-to-earnings ratio of -42.45 and a beta of 1.91. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. Ichor has a 1 year low of $25.95 and a 1 year high of $45.21.

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Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (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%. As a group, research analysts expect that Ichor will post 1.01 EPS for the current year.

Insider Buying and Selling

In related news, Director Jorge Titinger sold 3,000 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were 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 in the company, valued at approximately $315,017.28. This trade represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ichor

Several hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its holdings in Ichor by 1.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company's stock valued at $694,000 after purchasing an additional 373 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Ichor by 1.1% in the fourth quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company's stock valued at $1,422,000 after purchasing an additional 467 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Ichor by 12.6% in the fourth quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company's stock valued at $195,000 after purchasing an additional 675 shares in the last quarter. Quarry LP lifted its holdings in shares of Ichor by 80.4% in the third quarter. Quarry LP now owns 1,566 shares of the technology company's stock valued at $50,000 after purchasing an additional 698 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Ichor by 1.4% in the fourth quarter. Swiss National Bank now owns 66,200 shares of the technology company's stock valued at $2,133,000 after buying an additional 900 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

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.