Ichor Holdings (NASDAQ:ICHR) Receiving Somewhat Favorable Press Coverage, Analysis Shows
Headlines about Ichor Holdings (NASDAQ:ICHR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ichor Holdings earned a news impact score of 0.23 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.9002523053422 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- Ichor Holdings, Ltd. (NASDAQ:ICHR) Upgraded to Strong-Buy at Zacks Investment Research (americanbankingnews.com)
- Ichor Holdings, Ltd. (ICHR) Receives Outperform Rating from Royal Bank Of Canada (lazeresportes.com)
- Ichor Holdings, Ltd. (ICHR) Trading Down 6.3% After Insider Selling (bulhufas.com)
- Ichor Holdings, Ltd. (ICHR) Posts Quarterly Earnings Results, Meets Estimates (elcumanes.com)
- Ichor Holdings Ltd (ICHR) Stock Is Crashing Now (campdesrecrues.com)
ICHR has been the topic of several analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $23.00 target price on shares of Ichor Holdings in a research report on Friday, April 28th. Deutsche Bank AG reissued a “buy” rating and set a $24.00 target price (up from $20.00) on shares of Ichor Holdings in a research report on Saturday, April 29th. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price (up from $21.00) on shares of Ichor Holdings in a research report on Monday, May 1st. Cowen and Company increased their target price on shares of Ichor Holdings from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 9th. Finally, Zacks Investment Research downgraded shares of Ichor Holdings from a “strong-buy” rating to a “sell” rating in a research report on Friday, July 7th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Ichor Holdings presently has an average rating of “Buy” and an average target price of $27.17.
Shares of Ichor Holdings (NASDAQ ICHR) traded up 7.71% during midday trading on Friday, hitting $19.42. The stock had a trading volume of 1,727,490 shares. The company’s 50 day moving average price is $21.28 and its 200-day moving average price is $19.95. The firm has a market capitalization of $481.73 million and a PE ratio of 10.45. Ichor Holdings has a 1-year low of $9.76 and a 1-year high of $29.73.
Ichor Holdings (NASDAQ:ICHR) last released its quarterly earnings data on Thursday, August 10th. The technology company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.02. The firm had revenue of $159.70 million for the quarter, compared to the consensus estimate of $159.36 million. The company’s revenue for the quarter was up 67.4% compared to the same quarter last year. Equities analysts predict that Ichor Holdings will post $2.40 earnings per share for the current year.
In other news, CFO Maurice Eugene Carson sold 17,300 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $20.75, for a total transaction of $358,975.00. Following the transaction, the chief financial officer now directly owns 92,331 shares in the company, valued at approximately $1,915,868.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 transaction of $921,196.00. Following the transaction, the insider now owns 32,090 shares in the company, valued at $829,205.60. The disclosure for this sale can be found here. Insiders have sold a total of 5,562,680 shares of company stock worth $103,376,948 over the last 90 days. 5.80% of the stock is owned by company insiders.
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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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