Ichor (NASDAQ:ICHR) Stock Price Expected to Rise, TD Cowen Analyst Says

Ichor (NASDAQ:ICHR) had its price target upped by TD Cowen from $35.00 to $40.00 in a report published on Tuesday, Marketbeat.com reports. The firm currently has a buy rating on the technology company’s stock.

ICHR has been the subject of several other research reports. DA Davidson assumed coverage on Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 price objective for the company. Needham & Company LLC cut their price target on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a 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, Oppenheimer began coverage on shares of Ichor in a research note on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price for the company. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.57.

Ichor Stock Up 16.1 %

ICHR opened at $31.50 on Tuesday. The firm has a market cap of $1.06 billion, a P/E ratio of -33.87 and a beta of 1.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27. The business has a 50 day moving average price of $28.90 and a 200 day moving average price of $33.76. Ichor has a twelve month low of $22.26 and a twelve month high of $46.43.

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, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. Ichor’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.09) EPS. Research analysts forecast that Ichor will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Ichor

Institutional investors have recently bought and sold shares of the business. Swedbank AB bought a new stake in Ichor in the first quarter valued at about $67,106,000. Hood River Capital Management LLC acquired a new position in Ichor during the 1st quarter worth about $36,971,000. Westfield Capital Management Co. LP grew its holdings in Ichor by 162.9% during the 1st quarter. Westfield Capital Management Co. LP now owns 335,867 shares of the technology company’s stock worth $12,971,000 after acquiring an additional 208,117 shares during the last quarter. Vanguard Group Inc. increased its position in 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 acquiring an additional 176,970 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Ichor in the 2nd quarter valued at about $6,382,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

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.