Ichor Holdings Ltd (NASDAQ:ICHR) Receives Average Rating of “Hold” from Analysts

Shares of Ichor Holdings Ltd (NASDAQ:ICHR) have been assigned an average rating of “Hold” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $26.29.

Several equities analysts recently weighed in on ICHR shares. Stifel Nicolaus set a $31.00 target price on Ichor and gave the company a “buy” rating in a research report on Wednesday. Northland Securities downgraded Ichor from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $22.00 to $25.00 in a research report on Wednesday, May 8th. Cowen reiterated an “outperform” rating and set a $26.00 target price (up from $24.00) on shares of Ichor in a research report on Wednesday, May 8th. Zacks Investment Research downgraded Ichor from a “hold” rating to a “sell” rating in a research report on Tuesday, July 23rd. Finally, B. Riley began coverage on Ichor in a research report on Thursday, May 16th. They set a “buy” rating and a $32.00 target price on the stock.

A number of large investors have recently bought and sold shares of ICHR. Kennedy Capital Management Inc. increased its holdings in shares of Ichor by 4.6% in the first quarter. Kennedy Capital Management Inc. now owns 755,316 shares of the technology company’s stock worth $17,055,000 after purchasing an additional 33,298 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Ichor by 21.1% in the first quarter. Royce & Associates LP now owns 646,924 shares of the technology company’s stock worth $14,608,000 after purchasing an additional 112,532 shares during the last quarter. LSV Asset Management increased its holdings in shares of Ichor by 170.7% in the second quarter. LSV Asset Management now owns 513,858 shares of the technology company’s stock worth $12,147,000 after purchasing an additional 324,058 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Ichor by 83.7% in the second quarter. Wells Fargo & Company MN now owns 277,689 shares of the technology company’s stock worth $6,565,000 after purchasing an additional 126,508 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Ichor by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 263,466 shares of the technology company’s stock worth $4,294,000 after purchasing an additional 8,375 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ ICHR traded down $0.47 on Friday, hitting $21.75. 209,476 shares of the company traded hands, compared to its average volume of 285,527. The firm has a market cap of $494.14 million, a P/E ratio of 7.80 and a beta of 2.70. The company has a quick ratio of 1.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.95. The business has a 50 day simple moving average of $24.06. Ichor has a 52-week low of $14.23 and a 52-week high of $27.12.

Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, August 6th. The technology company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). The company had revenue of $139.20 million for the quarter, compared to analysts’ expectations of $138.31 million. Ichor had a net margin of 2.52% and a return on equity of 12.97%. Ichor’s revenue for the quarter was down 44.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 earnings per share. As a group, analysts anticipate that Ichor will post 1.06 EPS 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. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.

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Analyst Recommendations for Ichor (NASDAQ:ICHR)

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