Ichor (NASDAQ:ICHR) Shares Gap Up to $45.74

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $45.74, but opened at $47.29. Ichor shares last traded at $48.46, with a volume of 831 shares traded.

ICHR has been the subject of several research reports. Needham & Company LLC cut their target price on shares of Ichor from $64.00 to $52.00 and set a “buy” rating for the company in a research report on Friday, October 29th. B. Riley upped their price target on shares of Ichor from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, November 18th. Finally, Zacks Investment Research upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research report on Tuesday, November 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $57.67.

The stock has a market capitalization of $1.39 billion, a P/E ratio of 19.92 and a beta of 2.14. The firm’s 50 day moving average price is $46.31 and its 200 day moving average price is $45.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.04 and a quick ratio of 1.96.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Tuesday, November 2nd. The technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.73 by $0.08. The firm had revenue of $262.86 million during the quarter, compared to the consensus estimate of $263.00 million. Ichor had a net margin of 6.50% and a return on equity of 18.84%. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, equities research analysts forecast that Ichor Holdings, Ltd. will post 3.05 earnings per share for the current year.

In related news, COO Kevin M. Canty sold 12,000 shares of the stock in a transaction dated Wednesday, November 17th. The shares were sold at an average price of $49.56, for a total value of $594,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Iain Mackenzie sold 2,500 shares of the stock in a transaction dated Wednesday, November 17th. The stock was sold at an average price of $49.32, for a total transaction of $123,300.00. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio bought a new position in Ichor in the third quarter worth about $28,000. Advisory Services Network LLC purchased a new stake in Ichor in the second quarter worth about $59,000. US Bancorp DE grew its holdings in Ichor by 571.3% in the second quarter. US Bancorp DE now owns 1,356 shares of the technology company’s stock worth $73,000 after purchasing an additional 1,154 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Ichor in the third quarter worth about $57,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in Ichor by 372.3% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,305 shares of the technology company’s stock worth $124,000 after purchasing an additional 1,817 shares during the period. 78.99% of the stock is owned by institutional investors.

Ichor Company Profile (NASDAQ:ICHR)

Ichor Holdings Ltd. engages in designing, engineering, and manufacturing fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems, which are key elements of the process tools used in the manufacturing of semiconductor devices. The firm also manufactures precision machined components, weldments, and proprietary products for use in fluid delivery systems for direct sales to its customers.

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