StockNews.com upgraded shares of Ichor (NASDAQ:ICHR – Free Report) from a sell rating to a hold rating in a research report released on Wednesday.
Several other equities analysts also recently commented on ICHR. TD Cowen reduced their price objective on Ichor from $48.00 to $35.00 and set a buy rating for the company in a report on Wednesday, August 7th. Craig Hallum dropped their price target on Ichor from $55.00 to $50.00 and set a buy rating on the stock in a research report on Wednesday, May 8th. B. Riley raised Ichor from a neutral rating to a buy rating and lifted their price objective for the stock from $40.00 to $48.00 in a report on Friday, April 19th. Needham & Company LLC dropped their price objective 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. Finally, Stifel Nicolaus lifted their target price on shares of Ichor from $40.00 to $45.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $43.60.
Read Our Latest Research Report on ICHR
Ichor Stock Performance
Insider Buying and Selling
In related news, CEO Jeff Andreson sold 21,400 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $38.74, for a total transaction of $829,036.00. Following the completion of the transaction, the chief executive officer now owns 282,141 shares of the company’s stock, valued at $10,930,142.34. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Ichor
Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC grew its position in Ichor by 87.1% during the fourth quarter. CWM LLC now owns 1,100 shares of the technology company’s stock worth $37,000 after buying an additional 512 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Ichor during the 4th quarter valued at about $41,000. PNC Financial Services Group Inc. grew its holdings in shares of Ichor by 39.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock worth $102,000 after purchasing an additional 854 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Ichor in the first quarter worth approximately $225,000. Finally, Summit Global Investments purchased a new stake in Ichor in the second quarter valued at approximately $246,000. Hedge funds and other institutional investors 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.
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