Ichor Holdings, Ltd. (NASDAQ:ICHR) had its price target raised by equities researchers at Stifel Nicolaus from $26.00 to $32.00 in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 65.12% from the company’s current price.

A number of other research analysts have also recently weighed in on ICHR. Needham & Company LLC reiterated a “positive” rating and issued a $30.00 target price (up previously from $25.00) on shares of Ichor Holdings in a report on Monday, July 31st. Royal Bank Of Canada reiterated a “buy” rating and issued a $26.00 target price on shares of Ichor Holdings in a report on Friday, July 28th. Cowen and Company lifted their target price on Ichor Holdings from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, May 9th. Zacks Investment Research cut Ichor Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Finally, Deutsche Bank AG restated a “buy” rating and set a $24.00 price objective (up previously from $20.00) on shares of Ichor Holdings in a research note on Saturday, April 29th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $26.50.

Ichor Holdings (ICHR) opened at 19.38 on Wednesday. The company’s 50-day moving average price is $21.86 and its 200 day moving average price is $19.81. The firm has a market cap of $480.74 million and a price-to-earnings ratio of 10.43. Ichor Holdings has a 1-year low of $9.81 and a 1-year high of $29.73.

Ichor Holdings (NASDAQ:ICHR) last issued its earnings results on Thursday, May 11th. The technology company reported $0.57 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.57. The firm had revenue of $148.70 million during the quarter, compared to analyst estimates of $148.69 million. The company’s quarterly revenue was up 102.9% compared to the same quarter last year. On average, equities analysts expect that Ichor Holdings will post $2.40 earnings per share for the current fiscal year.

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In other Ichor Holdings news, CFO Maurice Eugene Carson sold 17,300 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $25.83, for a total transaction of $446,859.00. Following the transaction, the chief financial officer now owns 91,709 shares in the company, valued at $2,368,843.47. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $25.84, for a total value of $921,196.00. Following the transaction, the insider now owns 32,090 shares in the company, valued at approximately $829,205.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,550 shares of company stock worth $2,087,043. 5.80% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. Neuberger Berman Group LLC raised its stake in shares of Ichor Holdings by 38.0% in the second quarter. Neuberger Berman Group LLC now owns 1,060,835 shares of the technology company’s stock worth $21,386,000 after buying an additional 292,351 shares during the last quarter. Royce & Associates LP raised its stake in shares of Ichor Holdings by 65.0% in the second quarter. Royce & Associates LP now owns 297,118 shares of the technology company’s stock worth $5,990,000 after buying an additional 117,043 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Ichor Holdings by 1,091.6% in the second quarter. Russell Investments Group Ltd. now owns 296,739 shares of the technology company’s stock worth $5,982,000 after buying an additional 271,836 shares during the last quarter. Spark Investment Management LLC raised its stake in shares of Ichor Holdings by 47.5% in the second quarter. Spark Investment Management LLC now owns 284,200 shares of the technology company’s stock worth $5,729,000 after buying an additional 91,500 shares during the last quarter. Finally, AlphaOne Investment Services LLC raised its stake in shares of Ichor Holdings by 1.2% in the first quarter. AlphaOne Investment Services LLC now owns 162,059 shares of the technology company’s stock worth $3,214,000 after buying an additional 1,859 shares during the last quarter. 88.46% of the stock is currently owned by institutional investors and hedge funds.

About Ichor Holdings

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.

Analyst Recommendations for Ichor Holdings (NASDAQ:ICHR)

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