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

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $42.57.

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

Hedge Funds Weigh In On Ichor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP boosted its holdings in shares of Ichor by 99.5% in the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after buying an additional 433 shares in the last quarter. GAMMA Investing LLC lifted its position in Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock valued at $34,000 after acquiring an additional 625 shares during the last quarter. Signaturefd LLC boosted its stake in Ichor by 214.6% in the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock valued at $40,000 after acquiring an additional 854 shares in the last quarter. CWM LLC grew its holdings in Ichor by 134.9% in the third quarter. CWM LLC now owns 3,617 shares of the technology company’s stock worth $115,000 after purchasing an additional 2,077 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ichor by 28.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,068 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ichor Stock Down 2.1 %

Shares of ICHR opened at $32.00 on Friday. The firm has a fifty day moving average price of $32.26 and a 200-day moving average price of $31.90. 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 firm has a market capitalization of $1.08 billion, a P/E ratio of -34.41 and a beta of 1.92. Ichor has a 12-month low of $26.40 and a 12-month high of $46.43.

Ichor (NASDAQ:ICHR) last released 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. The company 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 firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) EPS. Equities research analysts expect that Ichor will post -0.1 earnings per share 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.