Ichor (NASDAQ:ICHR) Price Target Raised to $40.00 at TD Cowen

Ichor (NASDAQ:ICHR - Get Free Report) had its target price raised by TD Cowen from $35.00 to $40.00 in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has a "buy" rating on the technology company's stock. TD Cowen's price objective points to a potential upside of 27.75% from the stock's current price.

Several other equities analysts have also issued reports on the company. StockNews.com upgraded Ichor from a "sell" rating to a "hold" rating in a research report on Wednesday, August 14th. Oppenheimer began coverage on Ichor in a report on Wednesday, September 25th. They issued a "market perform" rating and a $35.00 target price on the stock. Needham & Company LLC lowered their price target on shares of Ichor from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. Finally, DA Davidson initiated coverage on Ichor in a report on Thursday, September 26th. They set a "buy" rating and a $50.00 target price for the company. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ichor presently has a consensus rating of "Moderate Buy" and an average price target of $42.57.

Ichor Trading Up 15.4 %

NASDAQ ICHR traded up $4.17 during trading on Tuesday, hitting $31.31. The stock had a trading volume of 343,087 shares, compared to its average volume of 305,491. The company has a quick ratio of 1.91, a current ratio of 4.27 and a debt-to-equity ratio of 0.18. Ichor has a twelve month low of $22.26 and a twelve month high of $46.43. The firm has a 50 day moving average price of $28.88 and a 200 day moving average price of $33.79. The company has a market capitalization of $1.05 billion, a PE ratio of -33.02 and a beta of 1.91.

Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The business had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) earnings per share. As a group, equities research analysts forecast that Ichor will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ICHR. BNP Paribas Financial Markets raised its holdings in Ichor by 197.8% during the 1st quarter. BNP Paribas Financial Markets now owns 24,042 shares of the technology company's stock worth $929,000 after purchasing an additional 15,968 shares during the last quarter. Mutual of America Capital Management LLC bought a new position in Ichor during the first quarter worth about $1,353,000. Texas Permanent School Fund Corp lifted its position in Ichor by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 25,761 shares of the technology company's stock worth $995,000 after buying an additional 381 shares during the last quarter. Swiss National Bank grew its position in shares of Ichor by 12.1% in the 1st quarter. Swiss National Bank now owns 64,700 shares of the technology company's stock worth $2,499,000 after buying an additional 7,000 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Ichor by 75.4% in the 1st quarter. US Bancorp DE now owns 18,878 shares of the technology company's stock worth $729,000 after acquiring an additional 8,116 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.

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.