Ichor (NASDAQ:ICHR) Given New $45.00 Price Target at Stifel Nicolaus

Ichor (NASDAQ:ICHR) had its target price increased by Stifel Nicolaus from $40.00 to $45.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Several other research firms have also recently weighed in on ICHR. TD Cowen boosted their price objective on shares of Ichor from $31.00 to $42.00 and gave the company an outperform rating in a report on Wednesday, February 7th. Needham & Company LLC reissued a buy rating and set a $42.00 price target on shares of Ichor in a report on Tuesday, March 19th. Craig Hallum assumed coverage on Ichor in a report on Tuesday, April 9th. They issued a buy rating and a $55.00 price objective for the company. Finally, B. Riley reissued a neutral rating and issued a $40.00 target price (up previously from $36.00) on shares of Ichor in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $44.80.

Ichor Price Performance

Shares of ICHR opened at $39.29 on Tuesday. The company has a market capitalization of $1.30 billion, a P/E ratio of -26.73 and a beta of 2.02. Ichor has a twelve month low of $22.26 and a twelve month high of $46.43. The company has a quick ratio of 1.57, a current ratio of 4.06 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $40.56 and a 200 day moving average of $33.65.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.13). Ichor had a negative return on equity of 0.88% and a negative net margin of 5.30%. The business had revenue of $203.48 million during the quarter, compared to analysts’ expectations of $197.50 million. As a group, equities research analysts anticipate that Ichor will post 0.23 earnings per share for the current fiscal year.

Insider Transactions at Ichor

In other news, insider Christopher Smith sold 23,433 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.08, for a total value of $1,056,359.64. Following the completion of the sale, the insider now directly owns 70,329 shares of the company’s stock, valued at $3,170,431.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Ichor news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.39, for a total transaction of $327,988.14. Following the completion of the transaction, the chief technology officer now owns 50,490 shares of the company’s stock, valued at approximately $2,291,741.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Smith sold 23,433 shares of Ichor stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $45.08, for a total value of $1,056,359.64. Following the completion of the sale, the insider now directly owns 70,329 shares in the company, valued at $3,170,431.32. The disclosure for this sale can be found here. Insiders have sold 80,659 shares of company stock valued at $3,652,848 over the last quarter. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ichor

Several institutional investors have recently added to or reduced their stakes in ICHR. Cubist Systematic Strategies LLC purchased a new position in shares of Ichor in the second quarter valued at $28,000. Public Employees Retirement System of Ohio increased its holdings in shares of Ichor by 48.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,155 shares of the technology company’s stock worth $28,000 after buying an additional 376 shares during the last quarter. Signaturefd LLC raised its position in shares of Ichor by 207.2% during the 3rd quarter. Signaturefd LLC now owns 1,109 shares of the technology company’s stock valued at $34,000 after buying an additional 748 shares in the last quarter. CWM LLC lifted its holdings in shares of Ichor by 87.1% in the 4th quarter. CWM LLC now owns 1,100 shares of the technology company’s stock valued at $37,000 after acquiring an additional 512 shares during the last quarter. Finally, UBS Group AG grew its position in Ichor by 73.8% in the third quarter. UBS Group AG now owns 1,582 shares of the technology company’s stock worth $39,000 after acquiring an additional 672 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ichor Company Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.