Ichor’s (ICHR) Hold Rating Reaffirmed at Needham & Company LLC

Ichor (NASDAQ:ICHR)‘s stock had its “hold” rating reiterated by Needham & Company LLC in a research report issued to clients and investors on Wednesday,Benzinga reports.

A number of other equities research analysts also recently weighed in on ICHR. B. Riley reissued a “buy” rating and issued a $38.00 price target (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. TD Cowen reduced their target price on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

Ichor Stock Performance

ICHR stock opened at $28.21 on Wednesday. The company has a 50-day simple moving average of $31.33 and a 200 day simple moving average of $30.60. The company has a market capitalization of $951.52 million, a P/E ratio of -30.33 and a beta of 1.91. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. Ichor has a fifty-two week low of $25.95 and a fifty-two week high of $46.43.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. Sell-side analysts predict that Ichor will post -0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ichor

Several institutional investors and hedge funds have recently bought and sold shares of ICHR. GAMMA Investing LLC boosted its holdings in shares of Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after purchasing an additional 625 shares during the period. Signaturefd LLC increased its stake in Ichor by 214.6% in the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock valued at $40,000 after buying an additional 854 shares during the period. Quarry LP lifted its position in Ichor by 80.4% in the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after buying an additional 698 shares in the last quarter. KBC Group NV boosted its stake in shares of Ichor by 83.5% during the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after buying an additional 949 shares during the period. Finally, CWM LLC grew its holdings in shares of Ichor by 134.9% during the 3rd quarter. CWM LLC now owns 3,617 shares of the technology company’s stock valued at $115,000 after acquiring an additional 2,077 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

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.