Shares of Ichor Holdings Ltd (NASDAQ:ICHR) have earned an average recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $33.80.
Several research analysts have weighed in on ICHR shares. Cowen set a $32.00 price target on shares of Ichor and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. ValuEngine downgraded shares of Ichor from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. BidaskClub downgraded shares of Ichor from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 26th. Zacks Investment Research upgraded shares of Ichor from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, October 9th. Finally, Stifel Nicolaus set a $41.00 price target on shares of Ichor and gave the stock a “buy” rating in a research report on Tuesday, October 23rd.
Shares of Ichor stock opened at $17.19 on Monday. The company has a market cap of $393.53 million, a P/E ratio of 7.13 and a beta of 3.79. Ichor has a twelve month low of $15.10 and a twelve month high of $34.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 2.36.
Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The company had revenue of $175.20 million for the quarter, compared to the consensus estimate of $179.84 million. Ichor had a net margin of 7.95% and a return on equity of 35.38%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 earnings per share. On average, research analysts anticipate that Ichor will post 2.73 earnings per share for the current fiscal year.
In other news, CFO Jeff Andreson acquired 6,500 shares of Ichor stock in a transaction dated Tuesday, November 13th. The stock was purchased at an average cost of $15.90 per share, with a total value of $103,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marc Haugen acquired 5,975 shares of Ichor stock in a transaction dated Friday, November 9th. The stock was purchased at an average cost of $16.68 per share, with a total value of $99,663.00. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. bought a new stake in shares of Ichor during the 2nd quarter worth $489,000. Advisory Services Network LLC lifted its holdings in shares of Ichor by 88.9% during the 2nd quarter. Advisory Services Network LLC now owns 20,565 shares of the technology company’s stock worth $395,000 after acquiring an additional 9,680 shares during the last quarter. First Midwest Bank Trust Division lifted its holdings in shares of Ichor by 150.8% during the 2nd quarter. First Midwest Bank Trust Division now owns 32,911 shares of the technology company’s stock worth $698,000 after acquiring an additional 19,787 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Ichor by 16.9% during the 2nd quarter. First Trust Advisors LP now owns 20,650 shares of the technology company’s stock worth $438,000 after acquiring an additional 2,992 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its stake in Ichor by 20.2% in the second quarter. Kornitzer Capital Management Inc. KS now owns 61,300 shares of the technology company’s stock worth $1,301,000 after purchasing an additional 10,300 shares during the last quarter. 99.72% of the stock is owned by institutional investors.
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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