Ichor (NASDAQ:ICHR) Upgraded at B. Riley Securities

B. Riley Securities upgraded shares of Ichor (NASDAQ:ICHRFree Report) from a neutral rating to a buy rating in a research note released on Tuesday morning, Marketbeat Ratings reports. They currently have $52.00 price target on the technology company’s stock, up from their previous price target of $30.00.

A number of other analysts have also recently weighed in on the stock. Oppenheimer cut shares of Ichor from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $30.00 to $32.00 in a research note on Tuesday, January 27th. DA Davidson cut their target price on shares of Ichor from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Wall Street Zen downgraded Ichor from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Stifel Nicolaus boosted their price objective on Ichor from $21.00 to $25.00 and gave the stock a “hold” rating in a research report on Wednesday, January 14th. Finally, Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.38.

Get Our Latest Analysis on ICHR

Ichor Stock Performance

Shares of NASDAQ ICHR opened at $43.93 on Tuesday. The business’s 50-day simple moving average is $25.41 and its 200-day simple moving average is $20.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 3.16. Ichor has a 52 week low of $13.12 and a 52 week high of $48.72. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -28.53 and a beta of 1.89.

Insider Buying and Selling at Ichor

In other Ichor news, Director Iain Mackenzie acquired 10,000 shares of Ichor stock in a transaction dated Monday, November 17th. The stock was bought at an average cost of $14.53 per share, with a total value of $145,300.00. Following the acquisition, the director owned 130,011 shares of the company’s stock, valued at approximately $1,889,059.83. The trade was a 8.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas M. Rohrs sold 53,908 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $45.48, for a total transaction of $2,451,735.84. Following the completion of the sale, the director directly owned 53,024 shares in the company, valued at approximately $2,411,531.52. The trade was a 50.41% decrease in their position. The SEC filing for this sale provides additional information. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICHR. Linden Thomas Advisory Services LLC boosted its stake in Ichor by 0.8% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,702 shares of the technology company’s stock worth $934,000 after purchasing an additional 398 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Ichor by 64.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after buying an additional 590 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Ichor by 5.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock worth $244,000 after buying an additional 666 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ichor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock worth $444,000 after acquiring an additional 865 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in Ichor by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 52,158 shares of the technology company’s stock worth $914,000 after acquiring an additional 1,017 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

Key Headlines Impacting Ichor

Here are the key news stories impacting Ichor this week:

About Ichor

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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.

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