Ichor (NASDAQ:ICHR) Trading 5.3% Higher – Still a Buy?

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) traded up 5.3% on Wednesday . The company traded as high as $33.43 and last traded at $33.42. 70,077 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 297,619 shares. The stock had previously closed at $31.73.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ICHR shares. DA Davidson began coverage on shares of Ichor in a research report on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price for the company. Oppenheimer assumed coverage on shares of Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price on the stock. B. Riley reiterated a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Finally, TD Cowen upped their target price on Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.57.

Ichor Price Performance

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 company’s fifty day moving average is $30.95 and its two-hundred day moving average is $32.57. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -34.52 and a beta of 1.93.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ICHR. Quarry LP increased its stake in Ichor by 99.5% during the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after buying an additional 433 shares during the period. GAMMA Investing LLC grew its stake in shares of Ichor by 136.2% in the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after acquiring an additional 625 shares in the last quarter. Signaturefd LLC increased its position in shares of Ichor by 214.6% during the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after acquiring an additional 854 shares during the period. CWM LLC raised its stake in shares of Ichor by 50.5% in the second quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after acquiring an additional 517 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ichor by 28.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock valued at $153,000 after purchasing an additional 1,068 shares during the period. Hedge funds and other institutional investors 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.