Ichor (NASDAQ:ICHR) Price Target Raised to $75.00

Ichor (NASDAQ:ICHR) had its price target increased by analysts at B. Riley Financial from $52.00 to $75.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. B. Riley Financial’s target price would suggest a potential upside of 25.18% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. DA Davidson lifted their price objective on shares of Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Oppenheimer lifted their price objective on shares of Ichor from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 10th. TD Cowen reissued a “buy” rating on shares of Ichor in a research note on Tuesday, February 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research note on Friday, March 27th. Finally, Craig Hallum reissued a “buy” rating and issued a $36.00 price objective on shares of Ichor in a research note on Wednesday, January 14th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Ichor has a consensus rating of “Moderate Buy” and a consensus target price of $46.43.

Ichor Price Performance

NASDAQ ICHR traded up $2.42 on Monday, reaching $59.92. The company had a trading volume of 416,516 shares, compared to its average volume of 956,292. The company has a quick ratio of 1.38, a current ratio of 3.16 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.08 billion, a PE ratio of -38.98 and a beta of 1.67. The firm’s 50 day moving average price is $45.38 and its 200 day moving average price is $29.32. Ichor has a 12 month low of $13.12 and a 12 month high of $61.16.

Insider Activity

In related news, Director Marc Haugen sold 19,875 shares of Ichor stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $49.71, for a total transaction of $987,986.25. Following the completion of the transaction, the director directly owned 26,085 shares of the company’s stock, valued at approximately $1,296,685.35. The trade was a 43.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas M. Rohrs sold 53,908 shares of Ichor stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $45.48, for a total transaction of $2,451,735.84. Following the transaction, the director directly owned 53,024 shares of the company’s stock, valued at approximately $2,411,531.52. This represents a 50.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 120,259 shares of company stock worth $5,689,250 in the last 90 days. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ichor

Several large investors have recently added to or reduced their stakes in the stock. Linden Thomas Advisory Services LLC boosted its position in Ichor by 0.8% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,702 shares of the technology company’s stock valued at $934,000 after buying an additional 398 shares during the period. Hantz Financial Services Inc. boosted its position in Ichor by 64.8% in the 4th 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 period. The Manufacturers Life Insurance Company boosted its position in Ichor by 5.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock valued at $244,000 after buying an additional 666 shares during the period. AQR Capital Management LLC boosted its position in Ichor by 0.6% in the 4th quarter. AQR Capital Management LLC now owns 134,194 shares of the technology company’s stock valued at $2,473,000 after buying an additional 817 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ichor by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock valued at $444,000 after buying an additional 865 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.