Shares of Ichor Holdings Ltd (NASDAQ:ICHR) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $36.89 and last traded at $36.47, with a volume of 15626 shares changing hands. The stock had previously closed at $30.90.
A number of brokerages recently issued reports on ICHR. BidaskClub cut Ichor from a “buy” rating to a “hold” rating in a report on Saturday. ValuEngine upgraded Ichor from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Stifel Nicolaus restated a “buy” rating and issued a $40.00 target price (up from $37.00) on shares of Ichor in a report on Tuesday. DA Davidson upgraded Ichor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $34.00 in a report on Thursday, October 24th. Finally, Needham & Company LLC lifted their target price on Ichor to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $34.16.
The company has a current ratio of 1.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $691.49 million, a price-to-earnings ratio of 13.52 and a beta of 2.79. The stock has a fifty day moving average of $32.49 and a 200-day moving average of $27.04.
Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. The business had revenue of $154.46 million for the quarter, compared to the consensus estimate of $149.96 million. Ichor had a return on equity of 9.41% and a net margin of 1.09%. Ichor’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. As a group, equities research analysts forecast that Ichor Holdings Ltd will post 0.98 earnings per share for the current fiscal year.
In other Ichor news, COO Kevin M. Canty sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $32.80, for a total value of $32,800.00. Following the completion of the sale, the chief operating officer now owns 46,379 shares of the company’s stock, valued at $1,521,231.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Wells Fargo & Company MN increased its stake in Ichor by 83.7% during the second quarter. Wells Fargo & Company MN now owns 277,689 shares of the technology company’s stock valued at $6,565,000 after acquiring an additional 126,508 shares during the period. Bank of Montreal Can increased its position in shares of Ichor by 83.9% in the 2nd quarter. Bank of Montreal Can now owns 4,734 shares of the technology company’s stock valued at $112,000 after buying an additional 2,160 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ichor by 3.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 131,829 shares of the technology company’s stock valued at $3,117,000 after buying an additional 4,115 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Ichor by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 253,521 shares of the technology company’s stock valued at $5,993,000 after buying an additional 9,708 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Ichor by 2.6% in the 2nd quarter. Northern Trust Corp now owns 275,181 shares of the technology company’s stock valued at $6,507,000 after buying an additional 6,922 shares in the last quarter. 85.69% of the stock is owned by institutional investors.
Ichor Company Profile (NASDAQ:ICHR)
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.
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