Ichor (NASDAQ:ICHR) Upgraded by B. Riley to Buy

Ichor (NASDAQ:ICHR) was upgraded by research analysts at B. Riley from a “neutral” rating to a “buy” rating in a report released on Friday, Marketbeat Ratings reports. The brokerage currently has a $48.00 price target on the technology company’s stock, up from their previous price target of $40.00. B. Riley’s price target indicates a potential upside of 27.73% from the company’s previous close.

Several other analysts have also recently weighed in on ICHR. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 price target on shares of Ichor in a report on Tuesday, March 19th. Craig Hallum assumed coverage on shares of Ichor in a report on Tuesday, April 9th. They issued a “buy” rating and a $55.00 price target on the stock. TD Cowen lifted their price target on shares of Ichor from $31.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, Stifel Nicolaus lifted their price target on shares of Ichor from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ichor presently has an average rating of “Moderate Buy” and a consensus target price of $46.40.

Ichor Stock Down 1.6 %

Shares of NASDAQ ICHR opened at $37.58 on Friday. The company has a quick ratio of 1.57, a current ratio of 4.06 and a debt-to-equity ratio of 0.43. Ichor has a 52 week low of $22.26 and a 52 week high of $46.43. The firm’s fifty day moving average is $40.47 and its 200 day moving average is $33.71. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -25.56 and a beta of 2.02.

Ichor (NASDAQ:ICHR) last issued its earnings results on Tuesday, February 6th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.13). The firm had revenue of $203.48 million during the quarter, compared to analysts’ expectations of $197.50 million. Ichor had a negative return on equity of 0.88% and a negative net margin of 5.30%. On average, equities research analysts expect that Ichor will post 0.23 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Christopher Smith sold 23,433 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.08, for a total value of $1,056,359.64. Following the transaction, the insider now owns 70,329 shares in the company, valued at approximately $3,170,431.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Christopher Smith sold 23,433 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.08, for a total value of $1,056,359.64. Following the transaction, the insider now owns 70,329 shares in the company, valued at approximately $3,170,431.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas M. Rohrs sold 50,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $45.37, for a total value of $2,268,500.00. Following the completion of the transaction, the director now directly owns 43,764 shares of the company’s stock, valued at approximately $1,985,572.68. The disclosure for this sale can be found here. Insiders have sold a total of 80,659 shares of company stock worth $3,652,848 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Ichor

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of Ichor by 62.2% during the 1st quarter. JPMorgan Chase & Co. now owns 207,864 shares of the technology company’s stock valued at $7,404,000 after purchasing an additional 79,674 shares during the last quarter. Raymond James & Associates boosted its stake in Ichor by 12.4% in the 1st quarter. Raymond James & Associates now owns 43,800 shares of the technology company’s stock worth $1,560,000 after purchasing an additional 4,832 shares during the period. Citigroup Inc. boosted its stake in Ichor by 12.4% in the 1st quarter. Citigroup Inc. now owns 25,987 shares of the technology company’s stock worth $926,000 after purchasing an additional 2,863 shares during the period. Bank of Montreal Can boosted its stake in Ichor by 9.5% in the 1st quarter. Bank of Montreal Can now owns 9,423 shares of the technology company’s stock worth $358,000 after purchasing an additional 818 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Ichor by 6.0% during the 1st quarter. Rhumbline Advisers now owns 71,779 shares of the technology company’s stock valued at $2,557,000 after acquiring an additional 4,038 shares during the last quarter. Hedge funds and other institutional investors own 94.81% 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 and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.