Shares of Ichor Holdings Ltd (NASDAQ:ICHR) have received an average recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $33.80.
ICHR has been the topic of several recent research reports. ValuEngine lowered shares of Ichor from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Zacks Investment Research raised shares of Ichor from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a report on Tuesday, October 9th. Stifel Nicolaus set a $41.00 price target on shares of Ichor and gave the company a “buy” rating in a report on Tuesday, October 23rd. BidaskClub lowered shares of Ichor from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 26th. Finally, Royal Bank of Canada lowered shares of Ichor from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $28.00 to $20.00 in a report on Wednesday, November 7th.
In other news, CFO Jeff Andreson bought 6,500 shares of the stock in a transaction dated Tuesday, November 13th. The shares were acquired at an average cost of $15.90 per share, with a total value of $103,350.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Marc Haugen bought 5,975 shares of the stock in a transaction dated Friday, November 9th. The shares were purchased at an average cost of $16.68 per share, for a total transaction of $99,663.00. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of ICHR. SG Americas Securities LLC purchased a new stake in shares of Ichor during the 2nd quarter worth about $146,000. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Ichor during the 3rd quarter worth about $159,000. State of Alaska Department of Revenue purchased a new stake in shares of Ichor during the 3rd quarter worth about $163,000. Rehmann Capital Advisory Group boosted its stake in shares of Ichor by 1,941.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 3,920 shares of the technology company’s stock worth $192,000 after acquiring an additional 3,728 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of Ichor during the 2nd quarter worth about $202,000. 99.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of ICHR traded down $0.58 during trading hours on Monday, reaching $16.79. 326,927 shares of the company traded hands, compared to its average volume of 465,224. The firm has a market capitalization of $396.96 million, a PE ratio of 6.97 and a beta of 3.79. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 1.03. Ichor has a 12-month low of $15.10 and a 12-month high of $34.78.
Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Ichor had a net margin of 7.95% and a return on equity of 35.38%. The firm had revenue of $175.20 million for the quarter, compared to analyst estimates of $179.84 million. During the same period in the previous year, the company earned $0.62 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, research analysts anticipate that Ichor will post 2.73 EPS for the current fiscal year.
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, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.
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