Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $46.60 Average Price Target from Analysts

Ichor Holdings, Ltd. (NASDAQ:ICHR) has received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $46.60.

A number of research firms recently commented on ICHR. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Craig Hallum cut their price objective on Ichor from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. B. Riley raised shares of Ichor from a “neutral” rating to a “buy” rating and upped their target price for the company from $40.00 to $48.00 in a research report on Friday, April 19th. Stifel Nicolaus increased their target price on shares of Ichor from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Needham & Company LLC reissued a “hold” rating and issued a $42.00 price target on shares of Ichor in a research note on Wednesday, May 8th.

Insider Transactions at Ichor

In other news, CEO Jeff Andreson sold 21,400 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $38.74, for a total value of $829,036.00. Following the completion of the transaction, the chief executive officer now owns 282,141 shares of the company’s stock, valued at $10,930,142.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Ichor

Hedge funds have recently added to or reduced their stakes in the business. Swedbank AB purchased a new stake in shares of Ichor during the first quarter worth $67,106,000. Hood River Capital Management LLC purchased a new stake in Ichor during the 1st quarter worth about $36,971,000. Westfield Capital Management Co. LP raised its position in 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 purchasing an additional 208,117 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Ichor by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock valued at $109,743,000 after buying an additional 176,970 shares during the period. Finally, S Squared Technology LLC acquired a new position in shares of Ichor during the fourth quarter worth about $5,525,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor Price Performance

NASDAQ:ICHR opened at $33.70 on Friday. The stock has a 50 day moving average price of $38.31 and a 200 day moving average price of $38.63. The stock has a market cap of $1.13 billion, a PE ratio of -19.04 and a beta of 1.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.78 and a current ratio of 4.16. Ichor has a one year low of $22.26 and a one year high of $46.43.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). Ichor had a negative return on equity of 2.93% and a negative net margin of 6.61%. The company had revenue of $201.38 million for the quarter, compared to analysts’ expectations of $200.00 million. Equities research analysts expect that Ichor will post -0.2 EPS for the current fiscal 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.