Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $46.60 Consensus Target Price from Brokerages

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $46.60.

Several equities research analysts have weighed in on the stock. Craig Hallum lowered their target price on shares of Ichor from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. TD Cowen upped their target price on Ichor from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. B. Riley upgraded shares of Ichor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $40.00 to $48.00 in a research note on Friday, April 19th. Needham & Company LLC reaffirmed a “hold” rating and set a $42.00 target price on shares of Ichor in a report on Wednesday, May 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Ichor from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, April 16th.

Ichor Trading Up 2.7 %

Shares of NASDAQ:ICHR opened at $38.55 on Wednesday. The company has a market capitalization of $1.29 billion, a PE ratio of -21.78 and a beta of 1.94. The company has a current ratio of 4.16, a quick ratio of 1.78 and a debt-to-equity ratio of 0.18. Ichor has a 12-month low of $22.26 and a 12-month high of $46.43. The business’s fifty day simple moving average is $37.99 and its 200-day simple moving average is $37.89.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, May 7th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The company had revenue of $201.38 million during the quarter, compared to analysts’ expectations of $200.00 million. Ichor had a negative net margin of 6.61% and a negative return on equity of 2.93%. As a group, equities research analysts predict that Ichor will post -0.2 earnings per share for the current fiscal year.

Insider Transactions at Ichor

In related news, CEO Jeff Andreson sold 21,400 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $38.74, for a total value of $829,036.00. Following the transaction, the chief executive officer now directly owns 282,141 shares of the company’s stock, valued at approximately $10,930,142.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of Ichor by 87.1% in the fourth quarter. CWM LLC now owns 1,100 shares of the technology company’s stock valued at $37,000 after purchasing an additional 512 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Ichor in the 4th quarter valued at $41,000. PNC Financial Services Group Inc. increased its stake in shares of Ichor by 39.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock worth $102,000 after acquiring an additional 854 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Ichor during the 4th quarter worth $181,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Ichor in the 1st quarter valued at approximately $225,000. Hedge funds and other institutional investors 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.