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

B. Riley reiterated their buy rating on shares of Ichor (NASDAQ:ICHR) in a report released on Tuesday,Benzinga reports. B. Riley currently has a $38.00 price objective on the technology company’s stock, up from their prior price objective of $36.00.

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

Ichor Stock Performance

ICHR stock opened at $33.68 on Tuesday. The firm has a 50-day moving average price of $29.06 and a 200-day moving average price of $33.73. Ichor has a 12 month low of $22.26 and a 12 month high of $46.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.64 and a quick ratio of 1.91.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate 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 3.51% and a negative return on equity of 2.14%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.09) EPS. Research analysts expect that Ichor will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Ichor

Several large investors have recently modified their holdings of ICHR. BNP Paribas Financial Markets boosted its position in Ichor by 197.8% during the first quarter. BNP Paribas Financial Markets now owns 24,042 shares of the technology company’s stock valued at $929,000 after acquiring an additional 15,968 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in Ichor in the first quarter worth approximately $1,353,000. Texas Permanent School Fund Corp lifted its stake in Ichor by 1.5% in the first quarter. Texas Permanent School Fund Corp now owns 25,761 shares of the technology company’s stock valued at $995,000 after buying an additional 381 shares during the period. Swiss National Bank lifted its stake in Ichor by 12.1% in the first quarter. Swiss National Bank now owns 64,700 shares of the technology company’s stock valued at $2,499,000 after buying an additional 7,000 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Ichor by 75.4% during the 1st quarter. US Bancorp DE now owns 18,878 shares of the technology company’s stock worth $729,000 after buying an additional 8,116 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor Company Profile

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.