Ichor Holdings, Ltd. (NASDAQ:ICHR) has received an average recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $35.40.
Several research analysts recently issued reports on ICHR shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 target price on shares of Ichor in a research report on Friday, October 20th. Deutsche Bank reaffirmed a “buy” rating and set a $32.00 target price (up from $26.00) on shares of Ichor in a research report on Tuesday, October 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 target price on shares of Ichor in a research report on Tuesday, September 19th. Zacks Investment Research raised Ichor from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Thursday, October 12th. Finally, Cowen reaffirmed an “outperform” rating and set a $40.00 target price (up from $38.00) on shares of Ichor in a research report on Friday, November 10th.
Ichor (ICHR) traded down $0.96 during midday trading on Monday, reaching $24.79. The company’s stock had a trading volume of 745,592 shares, compared to its average volume of 692,898. Ichor has a 12-month low of $10.15 and a 12-month high of $35.51. The company has a market capitalization of $635.37 and a PE ratio of 11.63. 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 (NASDAQ:ICHR) last announced its quarterly earnings results on Thursday, November 9th. The technology company reported $0.62 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.62. Ichor had a return on equity of 32.99% and a net margin of 7.43%. The company had revenue of $164.50 million during the quarter, compared to analysts’ expectations of $165.16 million. The firm’s revenue was up 55.6% compared to the same quarter last year. equities research analysts expect that Ichor will post 2.4 earnings per share for the current year.
In other news, insider Philip Ryan Sr. Barros sold 35,650 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $26.37, for a total value of $940,090.50. Following the completion of the sale, the insider now directly owns 32,090 shares in the company, valued at approximately $846,213.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dipanjan Deb sold 6,287 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $30.12, for a total value of $189,364.44. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at $602,400. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 240,974 shares of company stock valued at $6,653,367. Company insiders own 5.80% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Ichor in the 3rd quarter valued at about $107,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Ichor in the 2nd quarter valued at about $162,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ichor in the 3rd quarter valued at about $228,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Ichor in the 2nd quarter valued at about $180,000. Finally, Royal Bank of Canada grew its stake in shares of Ichor by 38.2% in the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock valued at $189,000 after buying an additional 2,600 shares during the period. Institutional investors own 75.43% of the company’s stock.
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Ichor Company Profile
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.
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