Ichor Holdings (NASDAQ:ICHR) has earned an average rating of “Buy” from the nine research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $38.00.
A number of equities analysts have recently commented on ICHR shares. ValuEngine downgraded shares of Ichor from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd. Stifel Nicolaus raised their target price on shares of Ichor from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. 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 note on Tuesday, January 23rd. Cowen reissued a “buy” rating on shares of Ichor in a research note on Thursday, February 15th. Finally, BidaskClub raised shares of Ichor from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd.
Shares of Ichor opened at $24.32 on Thursday, MarketBeat.com reports. Ichor has a 52 week low of $17.76 and a 52 week high of $35.51. The company has a current ratio of 1.99, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $624.17 million, a PE ratio of 8.69 and a beta of 5.04.
Ichor (NASDAQ:ICHR) last issued its earnings results on Tuesday, May 8th. The technology company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.09. Ichor had a net margin of 7.22% and a return on equity of 35.86%. The business had revenue of $258.02 million for the quarter, compared to the consensus estimate of $244.47 million. During the same quarter last year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 73.5% compared to the same quarter last year. equities analysts expect that Ichor will post 3.37 earnings per share for the current year.
In related news, insider Philip Ryan Sr. Barros sold 35,650 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $25.47, for a total transaction of $908,005.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Iain Mackenzie sold 4,680 shares of the firm’s stock in a transaction on Monday, April 9th. The shares were sold at an average price of $24.29, for a total transaction of $113,677.20. Following the sale, the director now directly owns 4,680 shares of the company’s stock, valued at $113,677.20. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rubric Capital Management LP grew its holdings in Ichor by 159.6% during the 1st quarter. Rubric Capital Management LP now owns 1,673,220 shares of the technology company’s stock worth $40,509,000 after acquiring an additional 1,028,679 shares in the last quarter. BlackRock Inc. grew its holdings in Ichor by 2.6% during the 1st quarter. BlackRock Inc. now owns 1,187,417 shares of the technology company’s stock worth $28,749,000 after acquiring an additional 29,854 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in Ichor during the 1st quarter worth $23,286,000. Systematic Financial Management LP grew its holdings in Ichor by 4.5% during the 1st quarter. Systematic Financial Management LP now owns 768,768 shares of the technology company’s stock worth $18,612,000 after acquiring an additional 33,349 shares in the last quarter. Finally, Epoch Investment Partners Inc. acquired a new position in Ichor during the 1st quarter worth $14,451,000. 78.61% of the stock is owned by institutional investors and hedge funds.
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, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.
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