Ichor (NASDAQ:ICHR) had its price objective boosted by B. Riley from to in a report published on Tuesday morning, The Fly reports. The brokerage currently has a buy rating on the technology company’s stock. B. Riley also issued estimates for Ichor’s Q4 2019 earnings at $0.43 EPS, FY2019 earnings at $1.01 EPS and Q3 2020 earnings at $0.60 EPS.

Several other equities analysts also recently issued reports on ICHR. Deutsche Bank set a $32.00 price objective on shares of Ichor and gave the company a buy rating in a report on Friday, November 1st. Stifel Nicolaus upped their price objective on shares of Ichor from $37.00 to $40.00 and gave the company a buy rating in a report on Tuesday. DA Davidson upgraded shares of Ichor from a neutral rating to a buy rating and upped their price objective for the company from $25.00 to $34.00 in a report on Thursday, October 24th. ValuEngine upgraded shares of Ichor from a sell rating to a hold rating in a report on Friday, January 3rd. Finally, Needham & Company LLC upped their price objective on shares of Ichor to $36.00 and gave the company a buy rating in a report on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Ichor presently has a consensus rating of Buy and an average target price of $34.78.

ICHR stock opened at $39.79 on Tuesday. The firm has a market cap of $691.49 million, a price-to-earnings ratio of 14.26 and a beta of 2.79. The firm has a 50-day simple moving average of $32.67 and a two-hundred day simple moving average of $27.12. Ichor has a one year low of $17.32 and a one year high of $39.83. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.98 and a current ratio of 1.90.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Tuesday, November 5th. The technology company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.08. Ichor had a net margin of 1.09% and a return on equity of 9.41%. The business had revenue of $154.46 million during the quarter, compared to analyst estimates of $149.96 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was down 11.8% on a year-over-year basis. As a group, equities analysts predict that Ichor will post 0.98 earnings per share for the current fiscal year.

In other news, COO Kevin M. Canty sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $32.80, for a total transaction of $32,800.00. Following the transaction, the chief operating officer now owns 46,379 shares in the company, valued at $1,521,231.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Man Group plc acquired a new position in Ichor in the 3rd quarter worth approximately $202,000. Point72 Asset Management L.P. increased its holdings in Ichor by 24.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 548,100 shares of the technology company’s stock worth $13,253,000 after buying an additional 108,670 shares during the period. California State Teachers Retirement System increased its holdings in Ichor by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 34,295 shares of the technology company’s stock worth $829,000 after buying an additional 410 shares during the period. State Street Corp increased its holdings in Ichor by 0.6% in the 3rd quarter. State Street Corp now owns 655,066 shares of the technology company’s stock worth $15,839,000 after buying an additional 3,727 shares during the period. Finally, Monarch Partners Asset Management LLC increased its holdings in Ichor by 5.4% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 19,670 shares of the technology company’s stock worth $476,000 after buying an additional 1,000 shares during the period. Institutional investors own 85.69% of the company’s stock.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.

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Analyst Recommendations for Ichor (NASDAQ:ICHR)

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