Somewhat Positive Media Coverage Somewhat Unlikely to Affect Ichor Holdings (ICHR) Stock Price
Press coverage about Ichor Holdings (NASDAQ:ICHR) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ichor Holdings earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 44.7262455571819 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Ichor Holdings from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a report on Friday, August 11th. Cowen and Company reissued an “outperform” rating and set a $27.00 price objective (up previously from $25.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $27.00 price objective (up previously from $26.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Deutsche Bank AG reissued a “buy” rating and set a $26.00 price objective (up previously from $24.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Finally, Stifel Nicolaus increased their price objective on Ichor Holdings from $26.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $27.17.
Ichor Holdings (NASDAQ ICHR) traded up 1.56% during mid-day trading on Monday, hitting $24.71. The company’s stock had a trading volume of 240,001 shares. The stock has a market cap of $620.59 million and a P/E ratio of 14.21. Ichor Holdings has a 52-week low of $9.76 and a 52-week high of $29.73. The company’s 50 day moving average is $24.06 and its 200-day moving average is $21.69.
Ichor Holdings (NASDAQ:ICHR) last released its quarterly earnings results on Thursday, August 10th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.02). The business had revenue of $159.70 million during the quarter, compared to analyst estimates of $159.36 million. Ichor Holdings’s revenue for the quarter was up 67.4% on a year-over-year basis. On average, equities analysts predict that Ichor Holdings will post $2.41 EPS for the current fiscal year.
In other news, CFO Maurice Eugene Carson sold 17,300 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $20.75, for a total value of $358,975.00. Following the transaction, the chief financial officer now directly owns 92,331 shares in the company, valued at $1,915,868.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas M. Rohrs sold 130,767 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,457,170.06. The disclosure for this sale can be found here. Insiders sold 6,518,447 shares of company stock worth $121,019,781 over the last 90 days. Company insiders own 5.80% 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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