Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Average Recommendation of “Buy” from Brokerages

Ichor Holdings, Ltd. (NASDAQ:ICHR) has received a consensus recommendation of “Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $42.57.

ICHR has been the topic of a number of research reports. TD Cowen boosted their target price on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. B. Riley reiterated a “buy” rating and set a $38.00 target price (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Oppenheimer initiated coverage on shares of Ichor in a research report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price on the stock. Finally, DA Davidson initiated coverage on shares of Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 target price on the stock.

Institutional Trading of Ichor

A number of hedge funds and other institutional investors have recently bought and sold shares of ICHR. Millennium Management LLC bought a new stake in Ichor during the 2nd quarter valued at $6,382,000. Hood River Capital Management LLC grew its stake in shares of Ichor by 15.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,108,227 shares of the technology company’s stock worth $42,722,000 after acquiring an additional 150,933 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Ichor by 322.6% in the 2nd quarter. Renaissance Technologies LLC now owns 164,400 shares of the technology company’s stock worth $6,338,000 after acquiring an additional 125,500 shares in the last quarter. Royce & Associates LP grew its stake in shares of Ichor by 20.8% in the 3rd quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock worth $22,870,000 after acquiring an additional 123,585 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in shares of Ichor by 26.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 568,117 shares of the technology company’s stock worth $18,072,000 after acquiring an additional 120,133 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

Ichor Stock Down 2.5 %

Shares of NASDAQ ICHR opened at $31.73 on Wednesday. The company has a market capitalization of $1.07 billion, a P/E ratio of -34.12 and a beta of 1.93. Ichor has a 52-week low of $26.40 and a 52-week high of $46.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. The company’s 50 day moving average price is $30.95 and its 200-day moving average price is $32.57.

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