Ichor (NASDAQ:ICHR) had its target price raised by equities researchers at Stifel Nicolaus from $36.00 to $37.00 in a research report issued on Thursday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 73.38% from the company’s current price.
A number of other analysts also recently issued reports on the company. Royal Bank of Canada reiterated a “buy” rating and set a $37.00 price target on shares of Ichor in a research report on Friday, October 20th. Zacks Investment Research upgraded Ichor from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Tuesday, January 23rd. Cowen reiterated an “outperform” rating and set a $40.00 price target (up previously from $38.00) on shares of Ichor in a research report on Friday, November 10th. Needham & Company LLC lifted their price target on Ichor from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, Deutsche Bank boosted their target price on Ichor to $38.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $38.33.
Shares of Ichor (ICHR) traded down $0.67 on Thursday, hitting $21.34. The stock had a trading volume of 4,349,764 shares, compared to its average volume of 1,610,000. The company has a market cap of $546.07 and a P/E ratio of 10.72. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. Ichor has a 12-month low of $16.35 and a 12-month high of $35.51.
In related news, Director Iain Mackenzie sold 4,690 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $26.10, for a total value of $122,409.00. Following the completion of the sale, the director now owns 4,690 shares in the company, valued at approximately $122,409. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $26.37, for a total value of $940,090.50. Following the completion of the sale, the insider now owns 32,090 shares of the company’s stock, valued at approximately $846,213.30. The disclosure for this sale can be found here. Insiders sold a total of 194,694 shares of company stock valued at $5,350,099 in the last 90 days. 5.80% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in Ichor in the 3rd quarter worth approximately $107,000. Hershey Trust Co. bought a new stake in Ichor in the 4th quarter worth approximately $111,000. Toronto Dominion Bank bought a new stake in Ichor in the 4th quarter worth approximately $197,000. Dynamic Technology Lab Private Ltd bought a new stake in Ichor in the third quarter valued at approximately $228,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Ichor in the second quarter valued at approximately $180,000. Institutional investors own 76.28% of the company’s stock.
Ichor 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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