Ichor Holdings, Ltd. (NASDAQ:ICHR) had its price target raised by analysts at Needham & Company LLC from $30.00 to $36.00 in a research report issued on Friday. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s target price suggests a potential upside of 14.87% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Ichor Holdings from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Thursday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $24.00 price target on shares of Ichor Holdings in a research note on Friday, June 16th. Cowen and Company set a $25.00 price target on shares of Ichor Holdings and gave the stock a “buy” rating in a research note on Thursday, July 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $26.00 price target (up from $24.00) on shares of Ichor Holdings in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus upped their price target on shares of Ichor Holdings from $26.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Six research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $31.33.

Ichor Holdings (NASDAQ ICHR) traded up 3.38% during trading on Friday, reaching $32.40. 128,607 shares of the company’s stock traded hands. Ichor Holdings has a one year low of $9.76 and a one year high of $32.40. The stock has a market cap of $813.73 million and a P/E ratio of 18.63. The firm’s 50 day moving average price is $25.94 and its 200-day moving average price is $25.94.

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

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In related news, Director Dipanjan Deb sold 5,423,692 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $18.50, for a total value of $100,338,302.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Maurice Eugene Carson sold 17,300 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $20.81, for a total transaction of $360,013.00. Following the completion of the sale, 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. Insiders sold a total of 6,534,817 shares of company stock worth $121,578,383 over the last quarter. Insiders own 5.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC lifted its holdings in Ichor Holdings by 38.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,060,835 shares of the technology company’s stock valued at $21,386,000 after purchasing an additional 292,351 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Ichor Holdings by 262.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 943,466 shares of the technology company’s stock valued at $19,021,000 after purchasing an additional 683,466 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its holdings in Ichor Holdings by 2,598.2% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 906,600 shares of the technology company’s stock valued at $18,277,000 after purchasing an additional 873,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Ichor Holdings by 182.9% in the 2nd quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock valued at $9,700,000 after purchasing an additional 311,083 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in Ichor Holdings by 65.0% in the 2nd quarter. Royce & Associates LP now owns 297,118 shares of the technology company’s stock valued at $5,990,000 after purchasing an additional 117,043 shares in the last quarter. Institutional investors own 83.68% of the company’s stock.

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.

Analyst Recommendations for Ichor Holdings (NASDAQ:ICHR)

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