Ichor (ICHR) Upgraded at Needham & Company LLC

Ichor (NASDAQ:ICHR) was upgraded by equities researchers at Needham & Company LLC from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday, The Fly reports.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus lifted their price objective on shares of Ichor from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Royal Bank of Canada reiterated a “buy” rating and issued a $37.00 price objective on shares of Ichor in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of Ichor from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, January 23rd. Deutsche Bank lifted their price objective on shares of Ichor to $38.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Cowen reiterated an “outperform” rating and issued a $40.00 price objective (up previously from $38.00) on shares of Ichor in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $38.33.

Shares of Ichor (NASDAQ ICHR) opened at $23.23 on Tuesday. Ichor has a 12 month low of $16.35 and a 12 month high of $35.51. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.34. The firm has a market cap of $552.54, a PE ratio of 11.85 and a beta of 5.49.

In other Ichor news, Director Iain Mackenzie sold 4,690 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $26.10, for a total value of $122,409.00. Following the transaction, the director now directly owns 4,690 shares of the company’s stock, valued at approximately $122,409. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dipanjan Deb sold 6,287 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $30.12, for a total transaction of $189,364.44. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $602,400. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,927 shares of company stock worth $1,708,238. Insiders own 5.80% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in ICHR. Paradigm Capital Management Inc. NY increased its holdings in Ichor by 76.1% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,596,100 shares of the technology company’s stock valued at $42,776,000 after buying an additional 689,500 shares during the period. Point72 Asset Management L.P. bought a new position in Ichor in the 3rd quarter valued at about $15,509,000. Vanguard Group Inc. increased its holdings in Ichor 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 buying an additional 311,083 shares during the period. Foundry Partners LLC bought a new position in Ichor in the 3rd quarter valued at about $7,822,000. Finally, Systematic Financial Management LP increased its holdings in Ichor by 161.9% in the 3rd quarter. Systematic Financial Management LP now owns 455,909 shares of the technology company’s stock valued at $12,218,000 after buying an additional 281,864 shares during the period. 76.40% of the stock is currently owned by hedge funds and other institutional investors.

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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.

The Fly

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