Ichor (NASDAQ:ICHR) had its price objective lifted by equities research analysts at B. Riley from to in a research note issued on Tuesday, The Fly reports. The firm presently has a “buy” rating on the technology company’s stock.

A number of other research firms have also recently weighed in on ICHR. Needham & Company LLC boosted their price objective on shares of Ichor to $36.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Cowen boosted their price objective on shares of Ichor from $26.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. BidaskClub cut shares of Ichor from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Investment Research cut shares of Ichor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, DA Davidson upgraded shares of Ichor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $25.00 to $34.00 in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Ichor has an average rating of “Buy” and a consensus price target of $34.78.

ICHR stock traded up $8.89 during mid-day trading on Tuesday, reaching $39.79. 2,333,715 shares of the stock traded hands, compared to its average volume of 483,071. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.98 and a current ratio of 1.90. Ichor has a one year low of $17.32 and a one year high of $39.83. The stock has a market capitalization of $691.49 million, a PE ratio of 14.26 and a beta of 2.79. The business has a 50-day moving average price of $32.67 and a two-hundred day moving average price of $27.12.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.08. Ichor had a net margin of 1.09% and a return on equity of 9.41%. The business had revenue of $154.46 million for the quarter, compared to analysts’ expectations of $149.96 million. During the same quarter in the previous year, the business posted $0.55 earnings per share. The business’s revenue was down 11.8% compared to the same quarter last year. On average, equities analysts expect that Ichor will post 0.98 earnings per share for the current fiscal year.

In other news, COO Kevin M. Canty sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $32.80, for a total value of $32,800.00. Following the transaction, the chief operating officer now directly owns 46,379 shares in the company, valued at $1,521,231.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. California State Teachers Retirement System grew its holdings in Ichor by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 34,295 shares of the technology company’s stock worth $829,000 after acquiring an additional 410 shares in the last quarter. Comerica Bank grew its holdings in Ichor by 2.1% during the 3rd quarter. Comerica Bank now owns 21,048 shares of the technology company’s stock worth $606,000 after acquiring an additional 442 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in Ichor by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 10,041 shares of the technology company’s stock worth $243,000 after acquiring an additional 789 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ichor by 81.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,995 shares of the technology company’s stock worth $48,000 after acquiring an additional 895 shares in the last quarter. Finally, Meadow Creek Investment Management LLC grew its holdings in Ichor by 20.3% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 5,742 shares of the technology company’s stock worth $136,000 after acquiring an additional 968 shares in the last quarter. Institutional investors own 85.69% of the company’s stock.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.

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The Fly

Analyst Recommendations for Ichor (NASDAQ:ICHR)

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