Ichor (NASDAQ:ICHR) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer began coverage on shares of Ichor (NASDAQ:ICHR) in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage issued a market perform rating and a $35.00 price objective on the technology company’s stock.

Several other analysts also recently commented on the company. StockNews.com upgraded Ichor from a sell rating to a hold rating in a research note on Wednesday, August 14th. TD Cowen cut their price target on Ichor from $48.00 to $35.00 and set a buy rating on the stock in a report on Wednesday, August 7th. Finally, Needham & Company LLC decreased their price objective on Ichor from $44.00 to $40.00 and set a buy rating for the company in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $43.29.

Ichor Price Performance

Shares of ICHR opened at $31.86 on Wednesday. The firm has a market cap of $1.07 billion, a PE ratio of -18.00 and a beta of 1.91. Ichor has a 52-week low of $22.26 and a 52-week high of $46.43. The business’s 50 day moving average price is $30.27 and its two-hundred day moving average price is $35.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27.

Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, August 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The company had revenue of $203.23 million for the quarter, compared to the consensus estimate of $197.75 million. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. On average, equities analysts anticipate that Ichor will post -0.22 EPS for the current year.

Institutional Trading of Ichor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in shares of Ichor by 68.5% during the fourth quarter. Wellington Management Group LLP now owns 291,389 shares of the technology company’s stock valued at $9,799,000 after buying an additional 118,498 shares during the last quarter. Vanguard Group Inc. lifted its stake in Ichor by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock valued at $109,743,000 after acquiring an additional 176,970 shares in the last quarter. Mutual of America Capital Management LLC purchased a new position in Ichor during the 1st quarter worth $1,353,000. Epoch Investment Partners Inc. grew its stake in shares of Ichor by 33.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 265,246 shares of the technology company’s stock worth $10,244,000 after acquiring an additional 65,862 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of Ichor in the first quarter valued at about $67,106,000. 94.81% of the stock is owned by institutional investors.

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.