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

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have earned a consensus rating of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $43.60.

Several research analysts have recently issued reports on the company. Needham & Company LLC lowered their price objective on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, TD Cowen lowered their target price on shares of Ichor from $48.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, August 7th.

Ichor Trading Up 3.8 %

Shares of ICHR stock opened at $29.18 on Monday. Ichor has a 1-year low of $22.26 and a 1-year high of $46.43. The firm has a market cap of $983.07 million, a PE ratio of -16.49 and a beta of 1.91. The company has a 50-day moving average of $32.52 and a two-hundred day moving average of $36.46. 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 posted its quarterly earnings data 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. The firm had revenue of $203.23 million during the quarter, compared to analysts’ expectations of $197.75 million. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. On average, analysts predict that Ichor will post -0.22 EPS for the current year.

Institutional Trading of Ichor

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Ichor by 6.6% in the first 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 last quarter. Dimensional Fund Advisors LP raised its stake in Ichor by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,764,749 shares of the technology company’s stock valued at $59,350,000 after acquiring an additional 56,725 shares during the last quarter. Swedbank AB acquired a new stake in Ichor during the 1st quarter worth approximately $67,106,000. Hood River Capital Management LLC lifted its position in Ichor by 15.8% during the 2nd quarter. Hood River Capital Management LLC now owns 1,108,227 shares of the technology company’s stock worth $42,722,000 after acquiring an additional 150,933 shares during the period. Finally, First Eagle Investment Management LLC grew its stake in shares of Ichor by 36.5% in the 4th quarter. First Eagle Investment Management LLC now owns 425,398 shares of the technology company’s stock valued at $14,306,000 after purchasing an additional 113,691 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

About Ichor

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.