Ichor Holdings, Ltd. (NASDAQ:ICHR) Price Target Raised to $26.00
Ichor Holdings, Ltd. (NASDAQ:ICHR) had its price target hoisted by Stifel Nicolaus from $24.00 to $26.00 in a research note issued to investors on Monday, July 10th, MarketBeat.com reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.
A number of other research analysts have also recently weighed in on ICHR. Royal Bank Of Canada reiterated a buy rating and set a $24.00 price objective on shares of Ichor Holdings in a research report on Friday, June 16th. Zacks Investment Research cut shares of Ichor Holdings from a strong-buy rating to a sell rating in a research report on Friday, July 7th. Cowen and Company boosted their price objective on shares of Ichor Holdings from $22.00 to $25.00 and gave the company an outperform rating in a research report on Tuesday, May 9th. Needham & Company LLC reiterated a buy rating and set a $25.00 price objective (up previously from $21.00) on shares of Ichor Holdings in a research report on Monday, May 1st. Finally, Deutsche Bank AG reiterated a buy rating and set a $24.00 price objective (up previously from $20.00) on shares of Ichor Holdings in a research report on Saturday, April 29th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of $25.50.
Ichor Holdings (NASDAQ:ICHR) traded down 1.82% during trading on Monday, hitting $18.87. 939,024 shares of the company traded hands. The company’s 50 day moving average is $22.18 and its 200-day moving average is $19.83. The stock has a market capitalization of $468.09 million and a PE ratio of 10.16. Ichor Holdings has a 52 week low of $9.76 and a 52 week high of $29.73.
Ichor Holdings (NASDAQ:ICHR) last released its quarterly earnings results on Thursday, May 11th. The technology company reported $0.57 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.57. The business had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $148.69 million. The firm’s revenue for the quarter was up 102.9% compared to the same quarter last year. Analysts predict that Ichor Holdings will post $2.11 earnings per share for the current year.
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In other news, insider Philip Ryan Sr. Barros sold 35,650 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $25.84, for a total value of $921,196.00. Following the transaction, the insider now directly owns 32,090 shares in the company, valued at $829,205.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Maurice Eugene Carson sold 17,300 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $20.81, for a total transaction of $360,013.00. Following the completion of the transaction, the chief financial officer now owns 87,331 shares in the company, valued at $1,817,358.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,550 shares of company stock worth $2,087,043.
Several hedge funds and other institutional investors have recently bought and sold shares of ICHR. Hancock Holding Co. bought a new position in Ichor Holdings during the first quarter worth approximately $202,000. TIAA CREF Investment Management LLC bought a new position in Ichor Holdings during the first quarter worth approximately $219,000. Rhumbline Advisers bought a new position in Ichor Holdings during the second quarter worth approximately $238,000. Trexquant Investment LP bought a new position in Ichor Holdings during the second quarter worth approximately $250,000. Finally, Westpac Banking Corp bought a new position in Ichor Holdings during the first quarter worth approximately $334,000. Hedge funds and other institutional investors own 88.42% of the company’s stock.
Ichor Holdings Company Profile
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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