Ichor (NASDAQ:ICHR) Given "Buy" Rating at B. Riley

B. Riley restated their buy rating on shares of Ichor (NASDAQ:ICHR - Free Report) in a research note published on Tuesday morning, Benzinga reports. They currently have a $38.00 price target on the technology company's stock, up from their previous price target of $36.00.

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

Ichor Price Performance

Ichor stock traded up $4.36 on Tuesday, reaching $31.50. The company's stock had a trading volume of 473,353 shares, compared to its average volume of 306,100. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -33.02 and a beta of 1.91. The business's fifty day moving average price is $28.88 and its 200 day moving average price is $33.79. Ichor has a twelve month low of $22.26 and a twelve month high of $46.43.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The firm had revenue of $211.14 million during the quarter, compared to analyst estimates of $203.24 million. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The company's revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned ($0.09) earnings per share. Equities analysts expect that Ichor will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ichor

A number of hedge funds have recently added to or reduced their stakes in ICHR. GSA Capital Partners LLP bought a new stake in Ichor during the third quarter worth $1,380,000. Versor Investments LP bought a new stake in Ichor during the third quarter worth $394,000. Harbor Capital Advisors Inc. raised its stake in shares of Ichor by 105.5% in the third quarter. Harbor Capital Advisors Inc. now owns 39,642 shares of the technology company's stock valued at $1,261,000 after buying an additional 20,351 shares during the period. Pinnacle Associates Ltd. grew its position in shares of Ichor by 2.2% in the third quarter. Pinnacle Associates Ltd. now owns 498,955 shares of the technology company's stock valued at $16,780,000 after purchasing an additional 10,761 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its holdings in shares of Ichor by 5.8% in the 3rd quarter. Tectonic Advisors LLC now owns 33,461 shares of the technology company's stock worth $1,064,000 after purchasing an additional 1,845 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.