Ichor (NASDAQ:ICHR) Given New $48.00 Price Target at Needham & Company LLC

Ichor (NASDAQ:ICHR) had its price target raised by stock analysts at Needham & Company LLC from $36.00 to $48.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 40.72% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Craig Hallum reiterated a “buy” rating and issued a $36.00 price objective on shares of Ichor in a report on Wednesday, January 14th. Stifel Nicolaus set a $30.00 price objective on shares of Ichor in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research report on Monday, December 29th. B. Riley Financial raised shares of Ichor from a “neutral” rating to a “buy” rating in a research note on Tuesday. Finally, DA Davidson decreased their price target on shares of Ichor from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ichor presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Ichor Stock Performance

Shares of NASDAQ:ICHR opened at $34.11 on Tuesday. The company has a current ratio of 3.08, a quick ratio of 1.33 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $23.70 and a 200-day moving average price of $20.14. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -28.42 and a beta of 1.88. Ichor has a 12 month low of $13.12 and a 12 month high of $35.56.

Insider Transactions at Ichor

In other Ichor news, Director Iain Mackenzie acquired 10,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were acquired at an average price of $14.53 per share, for a total transaction of $145,300.00. Following the completion of the acquisition, the director owned 130,011 shares in the company, valued at $1,889,059.83. This trade represents a 8.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of Ichor

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. purchased a new position in Ichor during the second quarter valued at $27,000. Hantz Financial Services Inc. increased its holdings in shares of Ichor by 64.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after acquiring an additional 590 shares in the last quarter. Danske Bank A S purchased a new position in shares of Ichor in the 3rd quarter worth about $28,000. Nisa Investment Advisors LLC boosted its stake in Ichor by 1,060.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company’s stock worth $34,000 after purchasing an additional 1,602 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Ichor by 380.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the technology company’s stock valued at $71,000 after purchasing an additional 2,870 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. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.