Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have earned a consensus recommendation of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $27.17.

Several analysts recently issued reports on ICHR shares. Stifel Nicolaus lifted their price target on shares of Ichor Holdings from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Needham & Company LLC reissued a “positive” rating and issued a $30.00 price target (up previously from $25.00) on shares of Ichor Holdings in a research report on Monday, July 31st. Zacks Investment Research downgraded shares of Ichor Holdings from a “strong-buy” rating to a “sell” rating in a research report on Friday, July 7th. Cowen and Company reissued an “outperform” rating and issued a $27.00 price target (up previously from $25.00) on shares of Ichor Holdings in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $26.00 price target (up previously from $24.00) on shares of Ichor Holdings in a research report on Wednesday, August 9th.

In other Ichor Holdings news, CEO Thomas M. Rohrs sold 130,767 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $19.57, for a total transaction of $2,559,110.19. Following the transaction, the chief executive officer now directly owns 125,558 shares in the company, valued at approximately $2,457,170.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Maurice Eugene Carson sold 17,300 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $20.81, for a total value of $360,013.00. Following the transaction, the chief financial officer now owns 87,331 shares in the company, valued at $1,817,358.11. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,518,447 shares of company stock worth $121,019,781. Company insiders own 5.80% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Hancock Holding Co. lifted its stake in Ichor Holdings by 1.2% during the 2nd quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock valued at $208,000 after acquiring an additional 126 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in Ichor Holdings by 8.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 15,350 shares of the technology company’s stock valued at $309,000 after acquiring an additional 1,231 shares in the last quarter. AlphaOne Investment Services LLC lifted its stake in Ichor Holdings by 1.2% during the 1st quarter. AlphaOne Investment Services LLC now owns 162,059 shares of the technology company’s stock valued at $3,214,000 after acquiring an additional 1,859 shares in the last quarter. Royal Bank of Canada lifted its stake in Ichor Holdings by 38.2% during the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock valued at $189,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Scotia Capital Inc. lifted its stake in Ichor Holdings by 2.9% during the 2nd quarter. Scotia Capital Inc. now owns 102,124 shares of the technology company’s stock valued at $2,058,000 after acquiring an additional 2,871 shares in the last quarter. Institutional investors and hedge funds own 83.68% of the company’s stock.

Shares of Ichor Holdings (NASDAQ:ICHR) traded down 2.51% during mid-day trading on Friday, hitting $22.57. 331,543 shares of the stock were exchanged. The stock’s 50 day moving average price is $20.89 and its 200-day moving average price is $20.57. Ichor Holdings has a 12-month low of $9.81 and a 12-month high of $29.73. The stock has a market capitalization of $566.85 million and a P/E ratio of 12.98.

Ichor Holdings (NASDAQ:ICHR) last posted its quarterly earnings results on Thursday, August 10th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.02. The company had revenue of $159.70 million for the quarter, compared to analyst estimates of $159.36 million. Ichor Holdings’s quarterly revenue was up 67.4% on a year-over-year basis. On average, equities research analysts expect that Ichor Holdings will post $2.41 EPS for the current fiscal year.

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About Ichor Holdings

Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.

Analyst Recommendations for Ichor Holdings (NASDAQ:ICHR)

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