Needham & Company LLC Reaffirms Hold Rating for Ichor (NASDAQ:ICHR)

Needham & Company LLC restated their hold rating on shares of Ichor (NASDAQ:ICHR) in a research note released on Wednesday morning,Benzinga reports.

A number of other analysts have also weighed in on ICHR. TD Cowen reduced their price target on shares of Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 17th. B. Riley restated a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.29.

Ichor Stock Up 14.4 %

NASDAQ:ICHR opened at $32.28 on Wednesday. The firm has a market capitalization of $1.09 billion, a PE ratio of -34.71 and a beta of 1.91. Ichor has a 52 week low of $25.95 and a 52 week 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 has a 50 day moving average of $31.33 and a 200-day moving average of $30.60.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. Analysts predict that Ichor will post -0.28 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ICHR. Bailard Inc. acquired a new stake in Ichor in the 4th quarter worth $225,000. US Bancorp DE lifted its stake in shares of Ichor by 59.6% in the fourth quarter. US Bancorp DE now owns 16,873 shares of the technology company’s stock valued at $544,000 after buying an additional 6,302 shares during the period. Versor Investments LP grew its position in Ichor by 50.8% during the fourth quarter. Versor Investments LP now owns 18,700 shares of the technology company’s stock worth $603,000 after buying an additional 6,300 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Ichor by 1.6% during the fourth quarter. Bank of New York Mellon Corp now owns 218,218 shares of the technology company’s stock valued at $7,031,000 after acquiring an additional 3,465 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its holdings in Ichor by 45.5% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 9,464 shares of the technology company’s stock valued at $305,000 after acquiring an additional 2,960 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

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.