Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $42.57 Consensus Target Price from Brokerages

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been given an average recommendation of “Buy” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, five have assigned 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 ratings on the stock in the last year is $42.57.

A number of research firms have commented on ICHR. B. Riley reissued a “buy” rating and issued a $38.00 target price (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. TD Cowen lifted their price objective on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Oppenheimer initiated coverage on shares of Ichor in a research note on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price on the stock. Finally, DA Davidson began coverage on shares of Ichor in a research note on Thursday, September 26th. They issued a “buy” rating and a $50.00 price target for the company.

Ichor Trading Up 0.5 %

NASDAQ ICHR opened at $31.04 on Wednesday. Ichor has a 12 month low of $26.40 and a 12 month high of $46.43. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average price is $31.02 and its 200-day moving average price is $32.37. The stock has a market cap of $1.05 billion, a P/E ratio of -33.38 and a beta of 1.93.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The business had revenue of $211.14 million during the quarter, compared to analyst estimates of $203.24 million. During the same period last year, the business earned ($0.09) EPS. Ichor’s revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts forecast that Ichor will post -0.1 EPS for the current fiscal year.

Institutional Trading of Ichor

Large investors have recently added to or reduced their stakes in the business. CWM LLC boosted its stake in shares of Ichor by 50.5% during the 2nd quarter. CWM LLC now owns 1,540 shares of the technology company’s stock worth $59,000 after acquiring an additional 517 shares during the last quarter. SG Americas Securities LLC grew its holdings in Ichor by 114.8% during the second quarter. SG Americas Securities LLC now owns 9,358 shares of the technology company’s stock valued at $361,000 after purchasing an additional 5,002 shares during the period. Summit Global Investments bought a new stake in Ichor during the second quarter valued at about $246,000. Louisiana State Employees Retirement System grew its holdings in Ichor by 15.1% during the second quarter. Louisiana State Employees Retirement System now owns 16,800 shares of the technology company’s stock valued at $648,000 after purchasing an additional 2,200 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Ichor by 11.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 248,346 shares of the technology company’s stock valued at $9,574,000 after acquiring an additional 25,432 shares during the period. 94.81% of the stock is currently 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 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.