Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Average Recommendation of “Buy” from Analysts

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been assigned an average rating of “Buy” from the seven research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $42.57.

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

Institutional Investors Weigh In On Ichor

Several hedge funds have recently bought and sold shares of ICHR. Rhumbline Advisers grew its stake in shares of Ichor by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 99,197 shares of the technology company’s stock worth $3,824,000 after purchasing an additional 7,669 shares during the period. Arizona State Retirement System raised its position in shares of Ichor by 14.3% in the second quarter. Arizona State Retirement System now owns 9,228 shares of the technology company’s stock worth $356,000 after acquiring an additional 1,154 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Ichor by 322.6% during the 2nd quarter. Renaissance Technologies LLC now owns 164,400 shares of the technology company’s stock worth $6,338,000 after acquiring an additional 125,500 shares in the last quarter. Mutual of America Capital Management LLC grew its position in shares of Ichor by 131.1% during the 2nd quarter. Mutual of America Capital Management LLC now owns 80,925 shares of the technology company’s stock valued at $3,120,000 after acquiring an additional 45,902 shares during the period. Finally, Amalgamated Bank increased its stake in shares of Ichor by 6.1% in the 2nd quarter. Amalgamated Bank now owns 10,025 shares of the technology company’s stock valued at $386,000 after purchasing an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ichor Stock Performance

Shares of Ichor stock opened at $32.00 on Friday. The company has a 50 day moving average price of $32.26 and a 200 day moving average price of $31.90. The firm has a market capitalization of $1.08 billion, a P/E ratio of -34.41 and a beta of 1.92. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. Ichor has a 52 week low of $26.40 and a 52 week high of $46.43.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $211.14 million during the quarter, compared to analysts’ expectations of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.09) earnings per share. Sell-side analysts expect that Ichor will post -0.1 EPS for the current year.

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.