Ichor (NASDAQ:ICHR) Reaches New 12-Month High After Analyst Upgrade

Ichor Holdings, Ltd. (NASDAQ:ICHRGet Free Report) reached a new 52-week high during trading on Tuesday after DA Davidson raised their price target on the stock from $30.00 to $53.00. DA Davidson currently has a buy rating on the stock. Ichor traded as high as $46.45 and last traded at $43.5340, with a volume of 2133039 shares changing hands. The stock had previously closed at $34.11.

A number of other research firms have also recently issued reports on ICHR. Wall Street Zen cut Ichor from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. TD Cowen restated a “buy” rating on shares of Ichor in a report on Tuesday. B. Riley Financial raised shares of Ichor from a “neutral” rating to a “buy” rating in a research note on Tuesday. B. Riley Securities raised Ichor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $30.00 to $52.00 in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.38.

View Our Latest Analysis on Ichor

Insiders Place Their Bets

In other news, Director Iain Mackenzie purchased 10,000 shares of the stock in a transaction dated Monday, November 17th. The shares were purchased at an average cost of $14.53 per share, with a total value of $145,300.00. Following the acquisition, the director directly owned 130,011 shares of the company’s stock, valued at $1,889,059.83. This represents a 8.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

Key Ichor News

Here are the key news stories impacting Ichor this week:

Institutional Investors Weigh In On Ichor

Several hedge funds and other institutional investors have recently made changes to their positions in ICHR. Newbridge Financial Services Group Inc. purchased a new position in shares of Ichor in the second quarter worth approximately $27,000. Hantz Financial Services Inc. boosted its stake in shares of Ichor by 64.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock worth $28,000 after acquiring an additional 590 shares during the last quarter. Danske Bank A S bought a new stake in shares of Ichor during the 3rd quarter valued at $28,000. Nisa Investment Advisors LLC increased its stake in shares of Ichor by 1,060.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company’s stock worth $34,000 after purchasing an additional 1,602 shares in the last quarter. Finally, State of Wyoming raised its holdings in Ichor by 607.7% in the 4th quarter. State of Wyoming now owns 3,234 shares of the technology company’s stock worth $60,000 after purchasing an additional 2,777 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ichor Stock Up 5.1%

The company has a 50-day moving average of $24.88 and a two-hundred day moving average of $20.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.16 and a quick ratio of 1.33. The company has a market capitalization of $1.64 billion, a PE ratio of -30.90 and a beta of 1.89.

About Ichor

(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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