Several analysts have recently updated their ratings and price targets for Ichor Holdings (NASDAQ: ICHR):

  • 10/20/2017 – Ichor Holdings had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $37.00 price target on the stock.
  • 10/18/2017 – Ichor Holdings had its price target raised by analysts at Cowen and Company from $27.00 to $38.00. They now have an “outperform” rating on the stock.
  • 10/13/2017 – Ichor Holdings had its price target raised by analysts at Needham & Company LLC from $30.00 to $36.00. They now have a “buy” rating on the stock.
  • 10/12/2017 – Ichor Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. 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. “
  • 10/11/2017 – Ichor Holdings was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. 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. “
  • 10/10/2017 – Ichor Holdings had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $32.00 price target on the stock, up previously from $26.00.
  • 9/19/2017 – Ichor Holdings had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $30.00 price target on the stock.

Ichor Holdings, Ltd. (NASDAQ ICHR) traded down 2.74% during midday trading on Tuesday, reaching $33.36. The company’s stock had a trading volume of 1,008,038 shares. Ichor Holdings, Ltd. has a 12-month low of $9.76 and a 12-month high of $35.51. The company’s 50-day moving average is $27.64 and its 200 day moving average is $27.64. The firm has a market cap of $837.84 million and a price-to-earnings ratio of 19.18.

Ichor Holdings (NASDAQ:ICHR) last announced its earnings results on Thursday, August 10th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.02). The business had revenue of $159.70 million during the quarter, compared to analyst estimates of $159.36 million. The firm’s revenue for the quarter was up 67.4% on a year-over-year basis. Equities analysts forecast that Ichor Holdings, Ltd. will post $2.45 earnings per share for the current year.

In related news, CEO Thomas M. Rohrs sold 130,767 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $19.57, for a total value of $2,559,110.19. Following the completion of the sale, the chief executive officer now owns 125,558 shares in the company, valued at $2,457,170.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dipanjan Deb sold 5,423,692 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $18.50, for a total value of $100,338,302.00. The disclosure for this sale can be found here. Insiders sold 6,534,817 shares of company stock valued at $121,578,383 in the last quarter. 5.80% of the stock is owned by company insiders.

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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