Ichor (NASDAQ:ICHR) PT Lowered to $35.00 at TD Cowen

Ichor (NASDAQ:ICHR) had its target price trimmed by TD Cowen from $48.00 to $35.00 in a report published on Wednesday, MarketBeat reports. They currently have a buy rating on the technology company’s stock.

Several other research analysts have also weighed in on the company. Stifel Nicolaus upped their price target on Ichor from $40.00 to $45.00 and gave the company a buy rating in a research report on Tuesday, April 16th. B. Riley upgraded Ichor from a neutral rating to a buy rating and boosted their target price for the company from $40.00 to $48.00 in a research note on Friday, April 19th. Needham & Company LLC restated a hold rating and issued a $42.00 target price on shares of Ichor in a research note on Wednesday, May 8th. StockNews.com downgraded Ichor from a hold rating to a sell rating in a research note on Tuesday, August 6th. Finally, Craig Hallum lowered their target price on Ichor from $55.00 to $50.00 and set a buy rating on the stock in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $43.60.

Ichor Stock Down 1.2 %

NASDAQ:ICHR opened at $28.90 on Wednesday. The firm has a market capitalization of $967.43 million, a price-to-earnings ratio of -16.33 and a beta of 1.94. Ichor has a 1-year low of $22.26 and a 1-year high of $46.43. The company has a current ratio of 4.16, a quick ratio of 1.78 and a debt-to-equity ratio of 0.18. The business’s fifty day moving average price is $36.56 and its 200 day moving average price is $38.42.

Insider Transactions at Ichor

In other news, CEO Jeff Andreson sold 21,400 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $38.74, for a total transaction of $829,036.00. Following the completion of the sale, the chief executive officer now owns 282,141 shares in the company, valued at approximately $10,930,142.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ichor

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of Ichor by 68.5% during the 4th quarter. Wellington Management Group LLP now owns 291,389 shares of the technology company’s stock worth $9,799,000 after purchasing an additional 118,498 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Ichor by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock worth $109,743,000 after purchasing an additional 176,970 shares during the last quarter. Mutual of America Capital Management LLC acquired a new position in shares of Ichor during the 1st quarter worth about $1,353,000. Epoch Investment Partners Inc. lifted its position in shares of Ichor by 33.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 265,246 shares of the technology company’s stock worth $10,244,000 after purchasing an additional 65,862 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Ichor during the 1st quarter worth about $67,106,000. 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.