Deutsche Bank Raises Ichor (ICHR) Price Target to $38.00
Ichor (NASDAQ:ICHR) had its price objective boosted by Deutsche Bank to $38.00 in a research note issued to investors on Thursday morning. Deutsche Bank currently has a buy rating on the technology company’s stock.
Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Ichor from a strong-buy rating to a hold rating in a report on Wednesday, December 13th. Cowen raised their price target on shares of Ichor from $27.00 to $38.00 and gave the company an outperform rating in a report on Wednesday, October 18th. Royal Bank of Canada restated a buy rating and issued a $37.00 price target on shares of Ichor in a report on Friday, October 20th. Finally, Needham & Company LLC raised their price target on shares of Ichor from $30.00 to $36.00 and gave the company a buy rating in a report on Friday, October 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $36.17.
Ichor (NASDAQ ICHR) traded down $0.36 during midday trading on Thursday, reaching $32.39. 1,551,197 shares of the company’s stock were exchanged, compared to its average volume of 1,090,000. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.34. The stock has a market cap of $828.82 and a P/E ratio of 7.75. Ichor has a 1-year low of $14.98 and a 1-year high of $35.51.
In other news, CEO Thomas M. Rohrs sold 130,767 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $27.85, for a total value of $3,641,860.95. Following the sale, the chief executive officer now directly owns 173,090 shares in the company, valued at approximately $4,820,556.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $26.37, for a total transaction of $940,090.50. Following the completion of the sale, the insider now owns 32,090 shares in the company, valued at $846,213.30. The disclosure for this sale can be found here. Insiders sold a total of 211,994 shares of company stock worth $5,858,200 over the last 90 days. Company insiders own 5.80% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Paradigm Capital Management Inc. NY boosted its stake in Ichor by 76.1% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,596,100 shares of the technology company’s stock worth $42,776,000 after purchasing an additional 689,500 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Ichor by 13.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,203,503 shares of the technology company’s stock worth $32,254,000 after purchasing an additional 142,668 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Ichor by 262.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 943,466 shares of the technology company’s stock worth $19,021,000 after purchasing an additional 683,466 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Ichor in the 3rd quarter worth approximately $15,509,000. Finally, Vanguard Group Inc. boosted its stake in Ichor by 182.9% in the 2nd quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock worth $9,700,000 after purchasing an additional 311,083 shares in the last quarter. Institutional investors own 75.43% of the company’s stock.
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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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