Ichor Holdings, Ltd. (NASDAQ:ICHR) Given Average Recommendation of “Moderate Buy” by Brokerages

Posted by Defense World Staff on Aug 5th, 2023

Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $38.57.

Several equities research analysts have recently weighed in on ICHR shares. B. Riley upped their target price on shares of Ichor from $30.00 to $40.00 in a report on Monday, July 17th. Stifel Nicolaus lowered their target price on shares of Ichor from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, April 18th. Needham & Company LLC upped their target price on shares of Ichor from $32.00 to $44.00 in a report on Wednesday, June 14th. TD Cowen lowered their target price on shares of Ichor from $40.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday, May 10th. Finally, StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, June 7th.

Ichor Trading Up 0.7 %

Shares of Ichor stock opened at $36.29 on Friday. The firm has a market capitalization of $1.05 billion, a PE ratio of 16.27 and a beta of 1.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.97 and a quick ratio of 1.68. The company’s fifty day moving average price is $35.60 and its two-hundred day moving average price is $32.66. Ichor has a 52-week low of $21.03 and a 52-week high of $39.73.

Ichor (NASDAQ:ICHR – Get Free Report) last announced its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.10. The firm had revenue of $225.87 million for the quarter, compared to analyst estimates of $225.00 million. Ichor had a net margin of 5.34% and a return on equity of 14.63%. On average, analysts expect that Ichor will post 0.27 EPS for the current year.

Insiders Place Their Bets

In other Ichor news, Director Marc Haugen sold 5,544 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $27.90, for a total transaction of $154,677.60. Following the sale, the director now owns 25,948 shares of the company’s stock, valued at approximately $723,949.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ICHR. Public Employees Retirement System of Ohio lifted its position in Ichor by 48.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,155 shares of the technology company’s stock valued at $28,000 after purchasing an additional 376 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Ichor in the 2nd quarter valued at approximately $28,000. UBS Group AG raised its position in shares of Ichor by 73.8% in the 3rd quarter. UBS Group AG now owns 1,582 shares of the technology company’s stock valued at $39,000 after acquiring an additional 672 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Ichor in the 4th quarter valued at approximately $43,000. Finally, Harbor Investment Advisory LLC raised its position in shares of Ichor by 51.5% in the 2nd quarter. Harbor Investment Advisory LLC now owns 1,186 shares of the technology company’s stock valued at $44,000 after acquiring an additional 403 shares during the period. 87.25% of the stock is currently owned by institutional investors and hedge funds.

Ichor Company Profile

(Get Free Report

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning.