Needham & Company LLC reaffirmed their buy rating on shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) in a report issued on Tuesday morning. Needham & Company LLC currently has a $30.00 target price on the technology company’s stock.
ICHR has been the subject of several other research reports. Stifel Nicolaus upped their target price on shares of Ichor Holdings from $26.00 to $32.00 and gave the stock a buy rating in a report on Wednesday, August 9th. Deutsche Bank AG reaffirmed a buy rating and issued a $26.00 target price (up previously from $24.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed an outperform rating and issued a $27.00 target price (up previously from $26.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Ichor Holdings from a hold rating to a strong-buy rating and set a $21.00 target price for the company in a report on Friday, August 11th. Finally, Cowen and Company reaffirmed an outperform rating and issued a $27.00 target price (up previously from $25.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $27.17.
Ichor Holdings (NASDAQ:ICHR) traded up 0.84% during trading on Tuesday, hitting $24.13. The stock had a trading volume of 53,458 shares. Ichor Holdings has a 52-week low of $9.81 and a 52-week high of $25.31. The company has a market cap of $606.02 million and a price-to-earnings ratio of 13.88. The company has a 50-day moving average price of $24.31 and a 200-day moving average price of $24.31.
Ichor Holdings (NASDAQ:ICHR) last posted its quarterly earnings data on Thursday, August 10th. The technology company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.02). The firm had revenue of $159.70 million during the quarter, compared to analysts’ expectations of $159.36 million. The firm’s revenue for the quarter was up 67.4% compared to the same quarter last year. Equities research analysts forecast that Ichor Holdings will post $2.41 EPS for the current year.
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In related news, CEO Thomas M. Rohrs sold 130,767 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $19.57, for a total value of $2,559,110.19. Following the completion of the transaction, the chief executive officer now owns 125,558 shares of the company’s stock, valued at approximately $2,457,170.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dipanjan Deb sold 5,423,692 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $18.50, for a total transaction of $100,338,302.00. The disclosure for this sale can be found here. Insiders sold a total of 6,518,447 shares of company stock valued at $121,019,781 in the last ninety days. 5.80% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. C M Bidwell & Associates Ltd. bought a new position in Ichor Holdings in the 2nd quarter worth $162,000. The Manufacturers Life Insurance Company bought a new position in shares of Ichor Holdings during the 2nd quarter valued at about $180,000. Royal Bank of Canada boosted its holdings in shares of Ichor Holdings by 38.2% during the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock valued at $189,000 after purchasing an additional 2,600 shares during the last quarter. Hancock Holding Co. bought a new position in shares of Ichor Holdings during the 1st quarter valued at about $202,000. Finally, BT Investment Management Ltd bought a new position in shares of Ichor Holdings during the 2nd quarter valued at about $223,000. 83.68% of the stock is owned by institutional investors.
About Ichor Holdings
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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