Ichor Holdings, Ltd. (NASDAQ:ICHR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday. The brokerage currently has a $21.00 price target on the technology company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 8.14% from the stock’s previous close.

According to Zacks, “Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. Ichor Holdings, Ltd. is based in Fremont, United States. “

Other research analysts also recently issued reports about the stock. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target (up from $21.00) on shares of Ichor Holdings in a research note on Monday, May 1st. Deutsche Bank AG reissued a “buy” rating and set a $24.00 price target (up from $20.00) on shares of Ichor Holdings in a research note on Saturday, April 29th. Royal Bank Of Canada reissued a “buy” rating and set a $23.00 price target on shares of Ichor Holdings in a research note on Friday, April 28th. Stifel Nicolaus lifted their price target on shares of Ichor Holdings from $26.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Cowen and Company set a $25.00 price target on shares of Ichor Holdings and gave the stock a “buy” rating in a research note on Thursday, July 27th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $27.17.

Ichor Holdings (NASDAQ:ICHR) traded up 7.71% during midday trading on Friday, reaching $19.42. 1,727,490 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $21.37 and a 200-day moving average of $19.92. Ichor Holdings has a 12 month low of $9.81 and a 12 month high of $29.73. The stock has a market cap of $481.73 million and a PE ratio of 10.45.

Ichor Holdings (NASDAQ:ICHR) last posted its quarterly earnings results on Thursday, August 10th. The technology company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.60 by $0.02. The business had revenue of $159.70 million for the quarter, compared to analysts’ expectations of $159.36 million. The company’s quarterly revenue was up 67.4% compared to the same quarter last year. On average, equities research analysts predict that Ichor Holdings will post $2.40 earnings per share for the current year.

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In related news, Director Dipanjan Deb sold 5,423,692 shares of Ichor Holdings stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $18.50, for a total value of $100,338,302.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of Ichor Holdings stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $25.84, for a total transaction of $921,196.00. Following the completion of the transaction, the insider now directly owns 32,090 shares in the company, valued at $829,205.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,562,680 shares of company stock worth $103,376,948. 5.80% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of ICHR. Paradigm Capital Management Inc. NY increased its position in shares of Ichor Holdings by 2,598.2% in the second quarter. Paradigm Capital Management Inc. NY now owns 906,600 shares of the technology company’s stock valued at $18,277,000 after buying an additional 873,000 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Ichor Holdings by 262.9% in the second quarter. Ameriprise Financial Inc. now owns 943,466 shares of the technology company’s stock valued at $19,021,000 after buying an additional 683,466 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Ichor Holdings by 182.9% in the second quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock valued at $9,700,000 after buying an additional 311,083 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Ichor Holdings by 67.2% in the first quarter. Neuberger Berman Group LLC now owns 768,484 shares of the technology company’s stock valued at $15,239,000 after buying an additional 308,937 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position 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 valued at $5,982,000 after buying an additional 271,836 shares during the last quarter. 88.46% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Ichor Holdings (NASDAQ:ICHR)

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