Ichor (NASDAQ:ICHR) Earns "Hold" Rating from Needham & Company LLC

Ichor (NASDAQ:ICHR - Get Free Report)'s stock had its "hold" rating reaffirmed by Needham & Company LLC in a note issued to investors on Wednesday,Benzinga reports.

A number of other equities research analysts have also commented on ICHR. B. Riley reaffirmed a "buy" rating and issued a $38.00 price objective (up from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. TD Cowen dropped their price objective on Ichor from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.29.

Ichor Trading Down 0.3 %

Shares of NASDAQ:ICHR traded down $0.10 during midday trading on Wednesday, hitting $32.40. 428,312 shares of the stock were exchanged, compared to its average volume of 294,636. The business's 50-day moving average price is $31.33 and its 200 day moving average price is $30.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.69 and a current ratio of 3.34. Ichor has a 12 month low of $25.95 and a 12 month high of $46.43. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -49.85 and a beta of 1.91.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. Analysts predict that Ichor will post 0.86 earnings per share for the current year.

Insider Transactions at Ichor

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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ichor

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its position in Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company's stock valued at $34,000 after buying an additional 625 shares during the period. Signaturefd LLC increased its position in Ichor by 214.6% in the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company's stock worth $40,000 after buying an additional 854 shares during the last quarter. Quarry LP grew its stake in shares of Ichor by 80.4% during the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company's stock worth $50,000 after acquiring an additional 698 shares during the period. KBC Group NV raised its stake in Ichor by 83.5% in the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company's stock valued at $67,000 after acquiring an additional 949 shares during the period. Finally, CWM LLC boosted its position in Ichor by 134.9% during the third quarter. CWM LLC now owns 3,617 shares of the technology company's stock worth $115,000 after purchasing an additional 2,077 shares during the period. Institutional investors own 94.81% of the company's stock.

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.