Ichor Holdings, Ltd. (NASDAQ:ICHR) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have received a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $42.57.

Several brokerages have recently weighed in on ICHR. Needham & Company LLC dropped their price objective 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. TD Cowen upped their price target on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. B. Riley restated a “buy” rating and issued a $38.00 price target (up from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Finally, DA Davidson started coverage on shares of Ichor in a research note on Thursday, September 26th. They issued a “buy” rating and a $50.00 price target on the stock.

Institutional Investors Weigh In On Ichor

A number of large investors have recently bought and sold shares of the company. Meros Investment Management LP grew its stake in Ichor by 85.4% during the third quarter. Meros Investment Management LP now owns 197,119 shares of the technology company’s stock worth $6,270,000 after buying an additional 90,791 shares in the last quarter. Geode Capital Management LLC raised its holdings in Ichor by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 795,794 shares of the technology company’s stock worth $25,319,000 after purchasing an additional 27,540 shares during the last quarter. Barclays PLC increased its stake in shares of Ichor by 377.6% in the 3rd quarter. Barclays PLC now owns 56,787 shares of the technology company’s stock valued at $1,808,000 after acquiring an additional 44,897 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Ichor in the 3rd quarter valued at $207,000. Finally, Hodges Capital Management Inc. increased its stake in shares of Ichor by 2.8% in the 3rd quarter. Hodges Capital Management Inc. now owns 142,870 shares of the technology company’s stock valued at $4,545,000 after acquiring an additional 3,950 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor Price Performance

Shares of ICHR opened at $33.35 on Friday. The firm has a market capitalization of $1.12 billion, a PE ratio of -35.86 and a beta of 1.91. The company’s 50-day moving average is $29.62 and its 200-day moving average is $33.30. Ichor has a fifty-two week low of $25.32 and a fifty-two week 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 1.69.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.09) earnings per share. Equities analysts forecast that Ichor will post -0.1 EPS for the current year.

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.