Ichor (ICHR) Earning Somewhat Favorable News Coverage, Analysis Shows

Press coverage about Ichor (NASDAQ:ICHR) has trended somewhat positive on Friday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ichor earned a news impact score of 0.06 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.236727238584 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

Shares of Ichor (NASDAQ:ICHR) opened at $25.18 on Friday. The company has a market capitalization of $644.33 and a P/E ratio of 6.02. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.34. Ichor has a twelve month low of $12.72 and a twelve month high of $35.51.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Thursday, November 9th. The technology company reported $0.62 EPS for the quarter, meeting the consensus estimate of $0.62. The company had revenue of $164.50 million during the quarter, compared to the consensus estimate of $165.16 million. Ichor had a return on equity of 31.12% and a net margin of 8.69%. The business’s revenue was up 55.6% on a year-over-year basis. analysts forecast that Ichor will post 2.4 earnings per share for the current year.

ICHR has been the subject of a number of recent research reports. Needham & Company LLC upped their price target on Ichor from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Deutsche Bank reaffirmed a “buy” rating and set a $32.00 price target (up previously from $26.00) on shares of Ichor in a research report on Tuesday, October 10th. Cowen reaffirmed an “outperform” rating and set a $40.00 price target (up previously from $38.00) on shares of Ichor in a research report on Friday, November 10th. Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 price target on shares of Ichor in a research report on Friday, October 20th. Finally, Zacks Investment Research raised Ichor from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Thursday, October 12th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $34.17.

In other Ichor news, CEO Thomas M. Rohrs sold 130,767 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $27.85, for a total transaction of $3,641,860.95. Following the transaction, the chief executive officer now owns 173,090 shares in the company, valued at approximately $4,820,556.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Maurice Eugene Carson sold 17,300 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $29.37, for a total value of $508,101.00. Following the transaction, the chief financial officer now owns 52,922 shares in the company, valued at approximately $1,554,319.14. The disclosure for this sale can be found here. In the last three months, insiders sold 211,994 shares of company stock valued at $5,858,200. 5.80% of the stock is currently owned by insiders.

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About Ichor

Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.

Insider Buying and Selling by Quarter for Ichor (NASDAQ:ICHR)

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