Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $42.57 Consensus Target Price from Brokerages

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $42.29.

Several equities research analysts have recently weighed in on the company. Oppenheimer assumed coverage on Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective on the stock. Needham & Company LLC lowered Ichor from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. DA Davidson started coverage on Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 price target on the stock. TD Cowen decreased their price target on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday. Finally, B. Riley restated a “buy” rating and set a $38.00 price target (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th.

Hedge Funds Weigh In On Ichor

Institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of Ichor by 1.8% during the 3rd quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock valued at $39,207,000 after buying an additional 21,804 shares in the last quarter. Hood River Capital Management LLC raised its position in Ichor by 15.8% in 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 during the period. Geode Capital Management LLC increased its position in shares of Ichor by 3.6% in the third quarter. Geode Capital Management LLC now owns 795,794 shares of the technology company’s stock valued at $25,319,000 after acquiring an additional 27,540 shares during the period. Royce & Associates LP increased its position in shares of Ichor by 20.8% during the third quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock valued at $22,870,000 after buying an additional 123,585 shares during the period. Finally, Westfield Capital Management Co. LP increased its position in shares of Ichor by 4.5% during the third quarter. Westfield Capital Management Co. LP now owns 580,818 shares of the technology company’s stock valued at $18,476,000 after buying an additional 24,889 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Price Performance

Shares of ICHR opened at $30.84 on Friday. Ichor has a 12-month low of $26.40 and a 12-month high of $46.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. The stock’s 50-day moving average price is $32.18 and its 200 day moving average price is $31.64.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The firm had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. During the same period in the previous year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Ichor will post -0.1 earnings per share for the current year.

Ichor Company Profile

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.