Ichor (NASDAQ:ICHR) Stock Rating Lowered by Needham & Company LLC

Needham & Company LLC cut shares of Ichor (NASDAQ:ICHR - Free Report) from a buy rating to a hold rating in a research report report published on Monday, MarketBeat Ratings reports.

ICHR has been the topic of a number of other research reports. B. Riley reissued a "buy" rating and issued a $38.00 target price (up previously from $36.00) on shares of Ichor in a 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 shares of Ichor in a research report on Wednesday, September 25th. They set a "market perform" rating and a $35.00 target price for the company. Finally, DA Davidson assumed coverage on shares of Ichor in a research report on Thursday, September 26th. They issued a "buy" rating and a $50.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.57.

Ichor Trading Down 4.5 %

Ichor stock traded down $1.44 during mid-day trading on Monday, reaching $30.56. 328,065 shares of the company traded hands, compared to its average volume of 193,166. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.64 and a quick ratio of 1.69. Ichor has a 52-week low of $26.40 and a 52-week high of $46.43. The firm's 50 day moving average price is $32.33 and its 200 day moving average price is $31.81. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -32.86 and a beta of 1.92.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping 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 business had revenue of $211.14 million during the quarter, compared to analysts' expectations of $203.24 million. During the same period in the previous year, the company earned ($0.09) earnings per share. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts anticipate that Ichor will post -0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ichor

Several hedge funds have recently made changes to their positions in ICHR. Quarry LP grew its stake in 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 purchasing an additional 433 shares during the last quarter. Amalgamated Bank boosted its position in Ichor by 6.1% in the second quarter. Amalgamated Bank now owns 10,025 shares of the technology company's stock valued at $386,000 after buying an additional 577 shares during the last quarter. GAMMA Investing LLC increased its holdings in Ichor by 136.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company's stock worth $34,000 after buying an additional 625 shares during the period. Signaturefd LLC raised its position in Ichor by 214.6% during the 3rd 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Ichor by 28.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company's stock valued at $153,000 after acquiring an additional 1,068 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.

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.