Ichor Holdings Ltd (ICHR) Given “Buy” Rating at Deutsche Bank AG
Deutsche Bank AG reissued their buy rating on shares of Ichor Holdings Ltd (NASDAQ:ICHR) in a research report report published on Tuesday. They currently have a $32.00 target price on the technology company’s stock, up from their prior target price of $26.00.
ICHR has been the topic of a number of other research reports. Stifel Nicolaus increased their price objective on shares of Ichor Holdings from $24.00 to $26.00 and gave the stock a buy rating in a report on Monday, July 10th. Needham & Company LLC reissued a positive rating and set a $30.00 price objective (up previously from $25.00) on shares of Ichor Holdings in a report on Monday, July 31st. Zacks Investment Research lowered shares of Ichor Holdings from a strong-buy rating to a sell rating in a report on Friday, July 7th. 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $28.17.
Ichor Holdings (ICHR) traded down 2.26% on Tuesday, reaching $29.37. 747,274 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $25.50 and a 200-day moving average of $25.50. Ichor Holdings has a 12 month low of $9.76 and a 12 month high of $31.68. The firm has a market capitalization of $737.63 million and a price-to-earnings ratio of 16.89.
Ichor Holdings (NASDAQ:ICHR) last posted its earnings results on Thursday, August 10th. The technology company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.02). Ichor Holdings had a return on equity of 24.93% and a net margin of 6.55%. The firm had revenue of $159.70 million during the quarter, compared to the consensus estimate of $159.36 million. The firm’s revenue for the quarter was up 67.4% on a year-over-year basis. On average, equities analysts expect that Ichor Holdings will post $2.41 earnings per share for the current year.
In related news, Director Iain Mackenzie sold 11,690 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $26.72, for a total value of $312,356.80. Following the sale, the director now directly owns 11,690 shares in the company, valued at approximately $312,356.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dipanjan Deb sold 5,423,692 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $18.50, for a total transaction of $100,338,302.00. The disclosure for this sale can be found here. Insiders sold a total of 6,534,817 shares of company stock worth $121,578,383 in the last ninety days. Insiders own 5.80% of the company’s stock.
Large investors have recently made changes to their positions in the stock. C M Bidwell & Associates Ltd. acquired a new stake in shares of Ichor Holdings in the 2nd quarter valued at approximately $162,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Ichor Holdings in the 2nd quarter valued at approximately $180,000. Royal Bank of Canada raised its position in shares of Ichor Holdings by 38.2% in the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock valued at $189,000 after acquiring an additional 2,600 shares during the period. Hancock Holding Co. raised its position in shares of Ichor Holdings by 1.2% in the 2nd quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock valued at $208,000 after acquiring an additional 126 shares during the period. Finally, BT Investment Management Ltd acquired a new stake in shares of Ichor Holdings in the 2nd quarter valued at approximately $223,000. Institutional investors and hedge funds own 83.68% 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.
Receive News & Stock Ratings for Ichor Holdings Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ichor Holdings Ltd and related stocks with our FREE daily email newsletter.