Ichor (NASDAQ:ICHR) Now Covered by Oppenheimer

Equities research analysts at Oppenheimer initiated coverage on shares of Ichor (NASDAQ:ICHR) in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage set a “market perform” rating and a $35.00 price target on the technology company’s stock. Oppenheimer’s price target would indicate a potential upside of 10.06% from the company’s current price.

A number of other brokerages have also recently commented on ICHR. Needham & Company LLC cut their target price on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, TD Cowen dropped their price target on Ichor from $48.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.29.

Ichor Price Performance

Shares of ICHR opened at $31.80 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91. Ichor has a 1-year low of $22.26 and a 1-year high of $46.43. The stock has a market cap of $1.06 billion, a PE ratio of -17.97 and a beta of 1.91. The firm has a fifty day moving average price of $30.45 and a 200 day moving average price of $35.64.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, August 6th. The technology company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.02. The business had revenue of $203.23 million during the quarter, compared to the consensus estimate of $197.75 million. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. As a group, sell-side analysts anticipate that Ichor will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Ichor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Ichor by 6.6% in the first quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock valued at $109,743,000 after buying an additional 176,970 shares in the last quarter. Swedbank AB acquired a new stake in Ichor in the first quarter valued at $67,106,000. Hood River Capital Management LLC boosted its position in shares of Ichor by 15.8% during the 2nd quarter. Hood River Capital Management LLC now owns 1,108,227 shares of the technology company’s stock worth $42,722,000 after purchasing an additional 150,933 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ichor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 380,515 shares of the technology company’s stock worth $12,797,000 after purchasing an additional 18,985 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in shares of Ichor by 5.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 373,948 shares of the technology company’s stock valued at $14,416,000 after purchasing an additional 19,850 shares in the last quarter. Institutional investors and hedge funds own 94.81% 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 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.