Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) shares were down 3.1% on Thursday . The stock traded as low as $30.01 and last traded at $30.25. Approximately 25,202 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 298,706 shares. The stock had previously closed at $31.23.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. 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. TD Cowen raised their price objective on shares of Ichor from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Oppenheimer assumed coverage on Ichor in a research report on Wednesday, September 25th. They set a "market perform" rating and a $35.00 target price on the stock. Finally, DA Davidson started coverage on Ichor in a research report on Thursday, September 26th. They issued a "buy" rating and a $50.00 price target for the company. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $42.57.
Check Out Our Latest Stock Report on Ichor
Ichor Price Performance
The firm has a market capitalization of $1.01 billion, a P/E ratio of -32.17 and a beta of 1.93. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. The business has a 50 day simple moving average of $30.98 and a two-hundred day simple moving average of $32.56.
Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The firm had revenue of $211.14 million for the quarter, compared to analysts' expectations of $203.24 million. During the same quarter last year, the company posted ($0.09) EPS. The business's quarterly revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts expect that Ichor Holdings, Ltd. will post -0.1 EPS for the current fiscal year.
Institutional Investors Weigh In On Ichor
A number of large investors have recently modified their holdings of the stock. Quarry LP boosted its holdings in shares of Ichor by 99.5% during the 2nd quarter. Quarry LP now owns 868 shares of the technology company's stock valued at $33,000 after buying an additional 433 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 625 shares during the last quarter. Signaturefd LLC boosted its position in shares of Ichor by 214.6% in the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company's stock worth $40,000 after purchasing an additional 854 shares in the last quarter. CWM LLC grew its stake in shares of Ichor by 134.9% in the 3rd quarter. CWM LLC now owns 3,617 shares of the technology company's stock worth $115,000 after buying an additional 2,077 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Ichor by 28.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company's stock valued at $153,000 after buying an additional 1,068 shares during the last quarter. Institutional investors own 94.81% of the company's stock.
Ichor Company Profile
(
Get Free Report)
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.
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