Ichor (NASDAQ:ICHR) Raised to Hold at Wall Street Zen

Ichor (NASDAQ:ICHR) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “hold” rating in a research note issued on Sunday.

ICHR has been the topic of a number of other research reports. DA Davidson boosted their price target on Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Oppenheimer boosted their target price on shares of Ichor from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 10th. Stifel Nicolaus set a $30.00 price target on shares of Ichor in a research note on Tuesday, February 10th. Craig Hallum reiterated a “buy” rating and set a $36.00 price objective on shares of Ichor in a research note on Wednesday, January 14th. Finally, B. Riley Securities raised shares of Ichor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $52.00 in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.38.

Ichor Stock Up 6.5%

Ichor stock opened at $46.77 on Friday. Ichor has a 1-year low of $13.12 and a 1-year high of $48.72. The business has a fifty day moving average price of $26.57 and a 200-day moving average price of $21.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.16 and a quick ratio of 1.38. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -30.37 and a beta of 1.88.

Insider Buying and Selling at Ichor

In related news, Director Thomas M. Rohrs sold 53,908 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $45.48, for a total transaction of $2,451,735.84. Following the completion of the transaction, the director directly owned 53,024 shares in the company, valued at $2,411,531.52. The trade was a 50.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Ichor

A number of institutional investors have recently modified their holdings of the stock. Linden Thomas Advisory Services LLC boosted its holdings in Ichor by 0.8% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,702 shares of the technology company’s stock worth $934,000 after buying an additional 398 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Ichor by 64.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock worth $28,000 after purchasing an additional 590 shares during the period. The Manufacturers Life Insurance Company boosted its position in Ichor by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock worth $244,000 after purchasing an additional 666 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ichor by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock valued at $444,000 after purchasing an additional 865 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of Ichor by 2.0% in the third quarter. Natixis Advisors LLC now owns 52,158 shares of the technology company’s stock valued at $914,000 after buying an additional 1,017 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

About Ichor

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.