Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $43.29 Consensus Price Target from Analysts

Ichor Holdings, Ltd. (NASDAQ:ICHR) has been given an average rating of “Buy” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $43.29.

ICHR has been the topic of a number of research analyst reports. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. TD Cowen dropped their price objective on shares of Ichor from $48.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. DA Davidson began coverage on shares of Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 target price for the company. Oppenheimer started coverage on shares of Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price target on the stock. Finally, Needham & Company LLC cut their price objective on shares of Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th.

Ichor Trading Down 0.8 %

Shares of ICHR opened at $27.14 on Tuesday. The firm has a 50-day moving average of $28.88 and a 200-day moving average of $33.79. Ichor has a one year low of $22.26 and a one year high of $46.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The firm had revenue of $203.23 million for the quarter, compared to the consensus estimate of $197.75 million. Sell-side analysts anticipate that Ichor will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On Ichor

Large investors have recently added to or reduced their stakes in the stock. Swedbank AB acquired a new position in Ichor in the first quarter valued at about $67,106,000. Hood River Capital Management LLC bought a new stake in shares of Ichor during the first quarter worth $36,971,000. Westfield Capital Management Co. LP lifted its stake in shares of Ichor by 162.9% in the 1st quarter. Westfield Capital Management Co. LP now owns 335,867 shares of the technology company’s stock valued at $12,971,000 after acquiring an additional 208,117 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Ichor by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock valued at $109,743,000 after acquiring an additional 176,970 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in Ichor in the 2nd quarter worth about $6,382,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

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 and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.