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

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $42.57.

ICHR has been the topic of several analyst reports. Oppenheimer began coverage on shares of Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price on the stock. B. Riley reaffirmed a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. DA Davidson started coverage on Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price on the stock. Needham & Company LLC cut Ichor from a “buy” rating to a “hold” rating in a report on Monday. Finally, TD Cowen boosted their price objective on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

Institutional Investors Weigh In On Ichor

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

Ichor Stock Up 4.3 %

Shares of ICHR opened at $31.95 on Friday. Ichor has a 12 month low of $26.40 and a 12 month high of $46.43. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -34.35 and a beta of 1.92. The company has a 50-day moving average price of $32.24 and a two-hundred day moving average price of $31.75. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The business had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. During the same quarter in the previous year, the firm earned ($0.09) EPS. Ichor’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts predict that Ichor will post -0.1 EPS for the current fiscal year.

About Ichor

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.