Ichor (NASDAQ:ICHR) had its price target raised by Needham & Company LLC to $27.00 in a research report released on Thursday, The Fly reports. They currently have a buy rating on the technology company’s stock.

A number of other brokerages have also weighed in on ICHR. Zacks Investment Research lowered Ichor from a hold rating to a sell rating in a report on Friday, October 26th. BidaskClub raised Ichor from a strong sell rating to a sell rating in a report on Friday, November 2nd. Royal Bank of Canada lowered Ichor from an outperform rating to a sector perform rating and lowered their price objective for the company from $28.00 to $20.00 in a report on Wednesday, November 7th. Stifel Nicolaus set a $41.00 price objective on Ichor and gave the company a buy rating in a report on Tuesday, October 23rd. Finally, Cowen lowered their price objective on Ichor from $32.00 to $28.00 and set an outperform rating on the stock in a report on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $27.80.

Shares of ICHR opened at $21.76 on Thursday. Ichor has a twelve month low of $14.23 and a twelve month high of $30.50. The company has a market capitalization of $497.28 million, a price-to-earnings ratio of 7.80 and a beta of 2.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.03 and a current ratio of 2.41.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Wednesday, February 6th. The technology company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Ichor had a net margin of 7.03% and a return on equity of 30.78%. The business had revenue of $141.40 million during the quarter, compared to analysts’ expectations of $144.20 million. During the same period in the prior year, the firm posted $0.70 EPS. Ichor’s revenue for the quarter was down 22.7% compared to the same quarter last year. Analysts expect that Ichor will post 2.19 EPS for the current year.

In other news, CFO Jeff Andreson purchased 6,500 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were acquired at an average price of $15.90 per share, for a total transaction of $103,350.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Architects Inc acquired a new stake in shares of Ichor in the 4th quarter worth approximately $41,000. Quantamental Technologies LLC acquired a new stake in Ichor during the 4th quarter valued at $47,000. Rehmann Capital Advisory Group grew its holdings in Ichor by 1,941.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 3,920 shares of the technology company’s stock valued at $192,000 after buying an additional 3,728 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in Ichor during the 3rd quarter valued at $159,000. Finally, State of Alaska Department of Revenue acquired a new stake in Ichor during the 3rd quarter valued at $163,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Ichor Company Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.

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The Fly

Analyst Recommendations for Ichor (NASDAQ:ICHR)

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