Ichor Holdings, Ltd. (ICHR) Given Average Recommendation of “Buy” by Brokerages
Ichor Holdings, Ltd. (NASDAQ:ICHR) has earned a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat Ratings 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 price target among analysts that have issued a report on the stock in the last year is $27.17.
Several research firms have recently commented on ICHR. Zacks Investment Research raised shares of Ichor Holdings from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research note on Friday, August 11th. Royal Bank Of Canada restated a “buy” rating and set a $24.00 target price on shares of Ichor Holdings in a research report on Friday, June 16th. Cowen and Company set a $25.00 price objective on Ichor Holdings and gave the stock a “buy” rating in a report on Thursday, July 27th. Needham & Company LLC reissued a “buy” rating and set a $30.00 price target on shares of Ichor Holdings in a research note on Tuesday, September 19th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $26.00 target price (up previously from $24.00) on shares of Ichor Holdings in a research report on Wednesday, August 9th.
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In related news, CFO Maurice Eugene Carson sold 17,300 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $20.75, for a total value of $358,975.00. Following the completion of the transaction, the chief financial officer now owns 92,331 shares of the company’s stock, valued at $1,915,868.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Iain Mackenzie sold 11,690 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $26.72, for a total transaction of $312,356.80. Following the completion of the transaction, the director now directly owns 11,690 shares of the company’s stock, valued at approximately $312,356.80. The disclosure for this sale can be found here. In the last three months, insiders sold 6,547,437 shares of company stock worth $121,810,483. 5.80% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of ICHR. Hancock Holding Co. lifted its position in Ichor Holdings by 1.2% during the 2nd quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock worth $208,000 after buying an additional 126 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Ichor Holdings by 8.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 15,350 shares of the technology company’s stock worth $309,000 after buying an additional 1,231 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Ichor Holdings by 38.2% during the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock worth $189,000 after buying an additional 2,600 shares during the last quarter. Scotia Capital Inc. boosted its stake in shares of Ichor Holdings by 2.9% during the 2nd quarter. Scotia Capital Inc. now owns 102,124 shares of the technology company’s stock worth $2,058,000 after buying an additional 2,871 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Ichor Holdings by 53.3% during the 2nd quarter. California State Teachers Retirement System now owns 20,700 shares of the technology company’s stock worth $417,000 after buying an additional 7,200 shares during the last quarter. Hedge funds and other institutional investors own 83.68% of the company’s stock.
Ichor Holdings (ICHR) traded down 4.03% during trading on Wednesday, hitting $26.19. 483,834 shares of the stock traded hands. Ichor Holdings has a one year low of $9.81 and a one year high of $28.36. The stock has a market cap of $657.79 million and a PE ratio of 15.41. The company has a 50-day moving average price of $25.01 and a 200 day moving average price of $25.01.
Ichor Holdings (NASDAQ:ICHR) last announced its earnings results on Thursday, August 10th. The technology company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.02). The firm had revenue of $159.70 million during the quarter, compared to the consensus estimate of $159.36 million. The company’s revenue was up 67.4% on a year-over-year basis. Analysts expect that Ichor Holdings will post $2.41 earnings per share for the current year.
Ichor Holdings Company Profile
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.
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