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

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $42.29.

A number of research analysts have recently commented on the company. TD Cowen dropped their price target on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. B. Riley reaffirmed a “buy” rating and set a $38.00 price target (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a research report on Wednesday.

Ichor Stock Up 14.4 %

ICHR stock opened at $32.28 on Thursday. The stock’s fifty day simple moving average is $31.33 and its two-hundred day simple moving average is $30.60. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. Ichor has a 1-year low of $25.95 and a 1-year high of $46.43. The stock has a market cap of $1.09 billion, a P/E ratio of -34.71 and a beta of 1.91.

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

Institutional Trading of Ichor

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in Ichor by 136.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after purchasing an additional 625 shares in the last quarter. Signaturefd LLC lifted its holdings in Ichor by 214.6% during the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after purchasing an additional 854 shares in the last quarter. Quarry LP lifted its holdings in Ichor by 80.4% during the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after purchasing an additional 698 shares in the last quarter. KBC Group NV lifted its holdings in Ichor by 83.5% during the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after purchasing an additional 949 shares in the last quarter. Finally, CWM LLC increased its stake in Ichor by 134.9% in the 3rd quarter. CWM LLC now owns 3,617 shares of the technology company’s stock worth $115,000 after acquiring an additional 2,077 shares during the last quarter. Hedge funds and other institutional investors 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.