Ichor (NASDAQ:ICHR) Raised to Buy at B. Riley Securities

Ichor (NASDAQ:ICHRGet Free Report) was upgraded by stock analysts at B. Riley Securities from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, Marketbeat.com reports. The brokerage presently has a $52.00 price target on the technology company’s stock, up from their previous price target of $30.00. B. Riley Securities’ price objective points to a potential upside of 9.27% from the stock’s current price.

ICHR has been the subject of a number of other reports. Oppenheimer cut Ichor from an “outperform” rating to a “market perform” rating and increased their price target for the company from $30.00 to $32.00 in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a research report on Monday, December 29th. Craig Hallum reissued a “buy” rating and set a $36.00 price target on shares of Ichor in a research note on Wednesday, January 14th. Zacks Research raised Ichor from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Wall Street Zen lowered shares of Ichor from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ichor currently has an average rating of “Moderate Buy” and a consensus price target of $38.38.

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Ichor Trading Up 5.1%

Shares of Ichor stock opened at $47.59 on Tuesday. The firm’s 50 day moving average is $24.88 and its 200 day moving average is $20.50. The firm has a market capitalization of $1.64 billion, a PE ratio of -30.90 and a beta of 1.89. Ichor has a 1 year low of $13.12 and a 1 year high of $48.72. The company has a current ratio of 3.16, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18.

Insider Buying and Selling at Ichor

In other news, Director Iain Mackenzie bought 10,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average price of $14.53 per share, with a total value of $145,300.00. Following the completion of the purchase, the director directly owned 130,011 shares of the company’s stock, valued at approximately $1,889,059.83. This represents a 8.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Ichor by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 3,333,902 shares of the technology company’s stock worth $61,444,000 after purchasing an additional 148,993 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Ichor by 15.3% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,957,656 shares of the technology company’s stock worth $36,080,000 after buying an additional 259,417 shares during the period. Royce & Associates LP increased its stake in shares of Ichor by 48.5% in the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after acquiring an additional 473,440 shares in the last quarter. Invesco Ltd. lifted its position in shares of Ichor by 61.8% during the 3rd quarter. Invesco Ltd. now owns 1,253,457 shares of the technology company’s stock valued at $21,961,000 after acquiring an additional 478,952 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Ichor by 1,710.7% during the 3rd quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock valued at $14,980,000 after acquiring an additional 807,792 shares during the period. 94.81% of the stock is owned by institutional investors.

More Ichor News

Here are the key news stories impacting Ichor this week:

Ichor Company Profile

(Get Free Report)

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.

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Analyst Recommendations for Ichor (NASDAQ:ICHR)

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