Ichor (NASDAQ:ICHR) Price Target Cut to $25.00 by Analysts at Oppenheimer

Ichor (NASDAQ:ICHR - Get Free Report) had its price objective reduced by analysts at Oppenheimer from $35.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "market perform" rating on the technology company's stock. Oppenheimer's target price points to a potential upside of 50.69% from the stock's previous close.

ICHR has been the topic of a number of other research reports. StockNews.com lowered Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a report on Wednesday, February 5th. Finally, TD Cowen lowered their price target on shares of Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ichor presently has an average rating of "Moderate Buy" and a consensus price target of $40.86.

Ichor Stock Down 7.3 %

Shares of NASDAQ ICHR traded down $1.31 during midday trading on Friday, hitting $16.59. The company's stock had a trading volume of 124,707 shares, compared to its average volume of 306,606. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49. The firm has a market capitalization of $565.93 million, a price-to-earnings ratio of -25.52 and a beta of 1.88. The business's fifty day simple moving average is $26.36 and its two-hundred day simple moving average is $29.27. Ichor has a 1 year low of $15.84 and a 1 year high of $42.70.

Ichor (NASDAQ:ICHR - Get Free Report) last released its earnings results 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 return on equity of 1.38% and a negative net margin of 2.45%. On average, equities analysts predict that Ichor will post 1.01 EPS for the current year.

Insider Activity at Ichor

In other 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 sale, the director now owns 9,832 shares in the company, valued at approximately $315,017.28. The trade was 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 owned by corporate insiders.

Institutional Trading of Ichor

A number of large investors have recently made changes to their positions in ICHR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Ichor by 65.9% in the third 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 buying an additional 21,810 shares during the last quarter. Stifel Financial Corp raised its position in Ichor by 8.6% in the 3rd quarter. Stifel Financial Corp now owns 50,805 shares of the technology company's stock valued at $1,616,000 after purchasing an additional 4,036 shares during the last quarter. State Street Corp boosted its stake in 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 purchasing an additional 21,804 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Ichor during the 3rd quarter worth $207,000. Finally, Barclays PLC grew its position in 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 purchasing an additional 44,897 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.