Ichor’s (ICHR) Buy Rating Reaffirmed at Cowen

Ichor (NASDAQ:ICHR)‘s stock had its “buy” rating reiterated by analysts at Cowen in a research report issued to clients and investors on Thursday.

A number of other equities analysts have also commented on the stock. Needham & Company LLC raised shares of Ichor from a “buy” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research report on Tuesday. BidaskClub lowered shares of Ichor from a “hold” rating to a “sell” rating in a research report on Saturday, February 10th. Stifel Nicolaus raised their target price on shares of Ichor from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. ValuEngine raised shares of Ichor from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research raised shares of Ichor from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the stock. Ichor has an average rating of “Buy” and an average target price of $38.33.

Shares of Ichor (ICHR) traded up $0.99 during trading hours on Thursday, hitting $23.98. 1,842,500 shares of the stock were exchanged, compared to its average volume of 1,736,376. The stock has a market capitalization of $610.04 and a price-to-earnings ratio of 12.05. Ichor has a fifty-two week low of $16.82 and a fifty-two week high of $35.51. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34.

In other news, CFO Maurice Eugene Carson sold 17,300 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $26.38, for a total transaction of $456,374.00. Following the transaction, the chief financial officer now directly owns 47,922 shares in the company, valued at $1,264,182.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Iain Mackenzie sold 4,690 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $26.10, for a total transaction of $122,409.00. Following the transaction, the director now owns 4,690 shares in the company, valued at $122,409. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,927 shares of company stock worth $1,708,238. Corporate insiders own 5.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC boosted its stake in shares of Ichor by 8.7% during the second quarter. Cubist Systematic Strategies LLC now owns 15,350 shares of the technology company’s stock valued at $309,000 after purchasing an additional 1,231 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Ichor by 3.4% during the fourth quarter. Victory Capital Management Inc. now owns 59,938 shares of the technology company’s stock valued at $1,475,000 after purchasing an additional 1,983 shares in the last quarter. Cadence Capital Management LLC boosted its stake in shares of Ichor by 5.1% during the third quarter. Cadence Capital Management LLC now owns 52,489 shares of the technology company’s stock valued at $1,407,000 after purchasing an additional 2,539 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Ichor by 38.2% during the second quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock valued at $189,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Ichor by 22.6% during the third quarter. Rhumbline Advisers now owns 14,502 shares of the technology company’s stock valued at $389,000 after purchasing an additional 2,675 shares in the last quarter. Hedge funds and other institutional investors own 76.40% 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.

Analyst Recommendations for Ichor (NASDAQ:ICHR)

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