Ichor (NASDAQ:ICHR) Upgraded at B.Riley Securit

B.Riley Securit upgraded shares of Ichor (NASDAQ:ICHRFree Report) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research note on Monday, December 29th. Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. B. Riley Financial upgraded Ichor from a “neutral” rating to a “buy” rating in a report on Tuesday. Craig Hallum reissued a “buy” rating and set a $36.00 price target on shares of Ichor in a research report on Wednesday, January 14th. Finally, TD Cowen restated a “buy” rating on shares of Ichor in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $38.38.

Read Our Latest Analysis on Ichor

Ichor Stock Down 7.7%

Shares of NASDAQ:ICHR opened at $43.93 on Tuesday. The company has a current ratio of 3.16, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -28.53 and a beta of 1.89. The stock’s 50-day moving average price is $25.41 and its two-hundred day moving average price is $20.67. Ichor has a 12-month low of $13.12 and a 12-month high of $48.72.

Insider Transactions at Ichor

In related news, Director Iain Mackenzie purchased 10,000 shares of Ichor stock in a transaction that occurred on 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 transaction, the director owned 130,011 shares of the company’s stock, valued at approximately $1,889,059.83. The trade was a 8.33% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas M. Rohrs sold 53,908 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $45.48, for a total value of $2,451,735.84. Following the completion of the transaction, the director owned 53,024 shares of the company’s stock, valued at approximately $2,411,531.52. This represents a 50.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ICHR. Newbridge Financial Services Group Inc. acquired a new stake in Ichor during the 2nd quarter valued at $27,000. Steward Partners Investment Advisory LLC purchased a new position in Ichor in the 4th quarter valued at about $26,000. Hantz Financial Services Inc. grew its stake in shares of Ichor by 64.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after acquiring an additional 590 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Ichor during the third quarter worth about $28,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Ichor by 1,060.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company’s stock worth $34,000 after acquiring an additional 1,602 shares in the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Ichor

Here are the key news stories impacting Ichor this week:

Ichor Company Profile

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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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