Ichor Holdings, Ltd. (NASDAQ:ICHR) had its price target upped by investment analysts at Cowen and Company from $27.00 to $38.00 in a report issued on Wednesday. The brokerage presently has an “outperform” rating on the technology company’s stock. Cowen and Company’s price target would indicate a potential upside of 14.70% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. Needham & Company LLC boosted their target price on shares of Ichor Holdings from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research raised shares of Ichor Holdings from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Thursday, October 12th. Deutsche Bank AG reissued a “buy” rating and set a $32.00 target price (up from $26.00) on shares of Ichor Holdings in a research report on Tuesday, October 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $27.00 target price (up from $26.00) on shares of Ichor Holdings in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus boosted their target price on shares of Ichor Holdings from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Six analysts have rated the stock with a buy rating, Ichor Holdings currently has a consensus rating of “Buy” and an average target price of $33.17.

Shares of Ichor Holdings (ICHR) opened at 33.13 on Wednesday. Ichor Holdings has a one year low of $9.76 and a one year high of $33.30. The firm has a market capitalization of $832.06 million and a price-to-earnings ratio of 19.05. The stock has a 50 day moving average of $26.21 and a 200-day moving average of $26.21.

Ichor Holdings (NASDAQ:ICHR) last released its quarterly earnings data on Thursday, August 10th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.02). The business had revenue of $159.70 million for the quarter, compared to the consensus estimate of $159.36 million. The firm’s quarterly revenue was up 67.4% compared to the same quarter last year. On average, equities analysts anticipate that Ichor Holdings will post $2.42 earnings per share for the current fiscal year.

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In other news, Director Iain Mackenzie sold 4,680 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $27.11, for a total transaction of $126,874.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Maurice Eugene Carson sold 17,300 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $27.65, for a total transaction of $478,345.00. Following the transaction, the chief financial officer now directly owns 57,922 shares in the company, valued at $1,601,543.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,534,817 shares of company stock worth $121,578,383. Corporate insiders own 5.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Paradigm Capital Management Inc. NY raised its holdings in Ichor Holdings by 2,598.2% in the second quarter. Paradigm Capital Management Inc. NY now owns 906,600 shares of the technology company’s stock valued at $18,277,000 after acquiring an additional 873,000 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Ichor Holdings by 262.9% in the second quarter. Ameriprise Financial Inc. now owns 943,466 shares of the technology company’s stock valued at $19,021,000 after acquiring an additional 683,466 shares in the last quarter. Vanguard Group Inc. raised its holdings in Ichor Holdings by 182.9% in the second quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock valued at $9,700,000 after acquiring an additional 311,083 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in Ichor Holdings by 38.0% in the second quarter. Neuberger Berman Group LLC now owns 1,060,835 shares of the technology company’s stock valued at $21,386,000 after acquiring an additional 292,351 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Ichor Holdings by 1,091.6% in the second quarter. Russell Investments Group Ltd. now owns 296,739 shares of the technology company’s stock valued at $5,982,000 after acquiring an additional 271,836 shares in the last quarter. 83.68% of the stock is currently owned by institutional investors and hedge funds.

About Ichor Holdings

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.

Analyst Recommendations for Ichor Holdings (NASDAQ:ICHR)

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