Ichor Holdings, Ltd. (NASDAQ:ICHR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm presently has a $34.00 target price on the technology company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 8.49% from the company’s previous close.

According to Zacks, “Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. Ichor Holdings, Ltd. is based in Fremont, United States. “

ICHR has been the topic of a number of other reports. 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 report on Monday, July 10th. Deutsche Bank AG reiterated a “buy” rating and issued a $32.00 price target (up from $26.00) on shares of Ichor Holdings in a report on Tuesday. Needham & Company LLC reiterated a “positive” rating and issued a $30.00 price target (up from $25.00) on shares of Ichor Holdings in a report on Monday, July 31st. Cowen and Company reiterated an “outperform” rating and issued a $27.00 price target (up from $25.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $27.00 price target (up from $26.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Six equities research analysts have rated the stock with a buy rating, Ichor Holdings has a consensus rating of “Buy” and an average target price of $30.33.

Ichor Holdings (ICHR) traded up 3.77% on Thursday, hitting $31.34. 877,913 shares of the stock traded hands. The stock has a market cap of $787.10 million and a price-to-earnings ratio of 18.02. Ichor Holdings has a 52-week low of $9.76 and a 52-week high of $31.68. The company’s 50 day moving average price is $25.94 and its 200-day moving average price is $25.94.

Ichor Holdings (NASDAQ:ICHR) last announced its quarterly earnings results on Thursday, August 10th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). The business had revenue of $159.70 million for the quarter, compared to the consensus estimate of $159.36 million. The business’s quarterly revenue was up 67.4% compared to the same quarter last year. On average, analysts forecast that Ichor Holdings will post $2.42 earnings per share for the current fiscal year.

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In other news, Director Iain Mackenzie sold 4,680 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $27.11, for a total value of $126,874.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dipanjan Deb sold 5,423,692 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $18.50, for a total transaction of $100,338,302.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,534,817 shares of company stock worth $121,578,383. Insiders own 5.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. C M Bidwell & Associates Ltd. bought a new stake in shares of Ichor Holdings in the 2nd quarter worth about $162,000. The Manufacturers Life Insurance Company bought a new stake in shares of Ichor Holdings in the 2nd quarter worth about $180,000. Royal Bank of Canada increased its holdings in shares of Ichor Holdings by 38.2% in 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. Hancock Holding Co. increased its holdings in shares of Ichor Holdings by 1.2% in 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 during the last quarter. Finally, TIAA CREF Investment Management LLC bought a new stake in shares of Ichor Holdings in the 1st quarter worth about $219,000. Hedge funds and other institutional investors own 83.68% of the company’s stock.

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.

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Analyst Recommendations for Ichor Holdings (NASDAQ:ICHR)

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