Brokerages Set Ichor Holdings, Ltd. (NASDAQ:ICHR) PT at $43.80

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $44.80.

Several research analysts have recently weighed in on ICHR shares. Stifel Nicolaus lifted their price target on shares of Ichor from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $42.00 price target on shares of Ichor in a research note on Tuesday, March 19th. Craig Hallum started coverage on shares of Ichor in a research note on Tuesday, April 9th. They set a “buy” rating and a $55.00 price target on the stock. TD Cowen lifted their price target on shares of Ichor from $31.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, B. Riley reiterated a “neutral” rating and set a $40.00 price target (up previously from $36.00) on shares of Ichor in a research note on Friday, March 15th.

Insider Activity at Ichor

In other Ichor news, CTO Philip Ryan Sr. Barros sold 7,226 shares of Ichor stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.39, for a total value of $327,988.14. Following the sale, the chief technology officer now directly owns 50,490 shares in the company, valued at approximately $2,291,741.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Ichor news, CTO Philip Ryan Sr. Barros sold 7,226 shares of Ichor stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.39, for a total value of $327,988.14. Following the sale, the chief technology officer now directly owns 50,490 shares in the company, valued at approximately $2,291,741.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas M. Rohrs sold 50,000 shares of Ichor stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.37, for a total transaction of $2,268,500.00. Following the completion of the sale, the director now owns 43,764 shares in the company, valued at $1,985,572.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,659 shares of company stock worth $3,652,848. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Ichor

A number of large investors have recently made changes to their positions in ICHR. Nuveen Asset Management LLC increased its holdings in shares of Ichor by 450.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 489,527 shares of the technology company’s stock worth $18,357,000 after buying an additional 400,548 shares during the last quarter. FMR LLC increased its holdings in shares of Ichor by 9.4% in the 3rd quarter. FMR LLC now owns 3,103,779 shares of the technology company’s stock worth $96,093,000 after buying an additional 265,677 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Ichor by 25.9% during the 1st quarter. Macquarie Group Ltd. now owns 1,232,284 shares of the technology company’s stock worth $40,345,000 after purchasing an additional 253,478 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Ichor by 18.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,456,238 shares of the technology company’s stock worth $39,056,000 after purchasing an additional 228,828 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Ichor during the 4th quarter worth about $4,995,000. 94.81% of the stock is currently owned by institutional investors.

Ichor Stock Performance

Shares of NASDAQ:ICHR opened at $39.29 on Friday. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -26.73 and a beta of 2.02. The company has a 50-day moving average price of $40.56 and a 200-day moving average price of $33.65. The company has a current ratio of 4.06, a quick ratio of 1.57 and a debt-to-equity ratio of 0.43. Ichor has a 12 month low of $22.26 and a 12 month high of $46.43.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.13). Ichor had a negative net margin of 5.30% and a negative return on equity of 0.88%. The company had revenue of $203.48 million for the quarter, compared to analysts’ expectations of $197.50 million. As a group, equities analysts anticipate that Ichor will post 0.23 EPS for the current year.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.