Ichor (NASDAQ:ICHR) Coverage Initiated by Analysts at DA Davidson

DA Davidson assumed coverage on shares of Ichor (NASDAQ:ICHR) in a research note released on Thursday, Marketbeat reports. The brokerage issued a buy rating and a $50.00 price target on the technology company’s stock.

ICHR has been the subject of several other reports. StockNews.com upgraded Ichor from a sell rating to a hold rating in a research report on Wednesday, August 14th. Oppenheimer assumed coverage on Ichor in a research report on Wednesday, September 25th. They set a market perform rating and a $35.00 price target for the company. Needham & Company LLC reduced their price target on Ichor from $44.00 to $40.00 and set a buy rating for the company in a research report on Wednesday, August 7th. Finally, TD Cowen reduced their price target on Ichor from $48.00 to $35.00 and set a buy rating for the company in a research report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $43.29.

Ichor Stock Performance

Shares of ICHR stock opened at $31.86 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91. The stock has a market cap of $1.07 billion, a PE ratio of -18.00 and a beta of 1.91. The stock has a 50-day moving average of $30.27 and a 200-day moving average of $35.49. Ichor has a one year low of $22.26 and a one year high of $46.43.

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

Institutional Investors Weigh In On Ichor

A number of large investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund Corp raised its stake in Ichor by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 25,761 shares of the technology company’s stock valued at $995,000 after acquiring an additional 381 shares during the period. Quarry LP increased its position in shares of Ichor by 99.5% in the second quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after purchasing an additional 433 shares during the period. CWM LLC boosted its stake in Ichor by 50.5% in the second quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after buying an additional 517 shares in the last quarter. Amalgamated Bank boosted its stake in Ichor by 6.1% in the second quarter. Amalgamated Bank now owns 10,025 shares of the technology company’s stock valued at $386,000 after buying an additional 577 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Ichor by 39.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock valued at $102,000 after purchasing an additional 854 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

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.