Ichor Holdings Ltd (NASDAQ:ICHR) has earned an average recommendation of “Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.43.
A number of research analysts have recently commented on the stock. Deutsche Bank reduced their target price on shares of Ichor from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Royal Bank of Canada reduced their target price on shares of Ichor from $40.00 to $33.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. TheStreet cut shares of Ichor from a “b-” rating to a “c” rating in a research report on Thursday, April 2nd. Stifel Nicolaus cut shares of Ichor from a “buy” rating to a “hold” rating and reduced their target price for the stock from $38.00 to $26.00 in a research report on Monday, June 22nd. Finally, Needham & Company LLC dropped their price target on shares of Ichor from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th.
ICHR stock traded up $1.47 during midday trading on Tuesday, reaching $26.38. 28,688 shares of the company’s stock traded hands, compared to its average volume of 314,557. The company has a market capitalization of $582.98 million, a P/E ratio of 47.96 and a beta of 2.51. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.85 and a quick ratio of 0.90. Ichor has a fifty-two week low of $13.68 and a fifty-two week high of $39.83. The business has a 50-day moving average price of $23.30 and a two-hundred day moving average price of $27.35.
Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Monday, May 4th. The technology company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). The business had revenue of $220.00 million for the quarter, compared to analyst estimates of $163.19 million. Ichor had a net margin of 1.79% and a return on equity of 12.16%. The company’s quarterly revenue was up 59.7% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. As a group, research analysts forecast that Ichor will post 1.5 earnings per share for the current fiscal year.
In related news, CTO Philip Ryan Sr. Barros sold 15,123 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $22.72, for a total value of $343,594.56. Following the completion of the sale, the chief technology officer now owns 73,970 shares of the company’s stock, valued at $1,680,598.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of ICHR. Meeder Asset Management Inc. lifted its holdings in Ichor by 647.9% in the 1st quarter. Meeder Asset Management Inc. now owns 1,421 shares of the technology company’s stock valued at $27,000 after acquiring an additional 1,231 shares during the last quarter. Advisor Group Holdings Inc. acquired a new stake in Ichor during the 1st quarter worth about $45,000. Tower Research Capital LLC TRC raised its holdings in Ichor by 74.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,401 shares of the technology company’s stock worth $47,000 after buying an additional 597 shares during the period. Marshall Wace LLP acquired a new stake in Ichor during the 4th quarter worth about $62,000. Finally, Royal Bank of Canada raised its holdings in Ichor by 391.8% during the 1st quarter. Royal Bank of Canada now owns 8,724 shares of the technology company’s stock worth $167,000 after buying an additional 6,950 shares during the period. 83.79% of the stock is owned by institutional investors.
Ichor Company Profile
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.
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