Ichor (NASDAQ:ICHR) Price Target Increased to $43.00 by Analysts at Needham & Company LLC

Ichor (NASDAQ:ICHR) had its target price upped by Needham & Company LLC from $36.00 to $43.00 in a research report sent to investors on Tuesday, AnalystRatings.com reports. The brokerage currently has a buy rating on the technology company’s stock.

ICHR has been the topic of a number of other research reports. Deutsche Bank set a $32.00 target price on Ichor and gave the company a buy rating in a research note on Friday, November 1st. BidaskClub lowered Ichor from a buy rating to a hold rating in a research note on Saturday, January 11th. ValuEngine raised Ichor from a sell rating to a hold rating in a research note on Friday, January 3rd. Stifel Nicolaus upped their target price on Ichor from $37.00 to $40.00 and gave the company a buy rating in a research note on Tuesday, January 14th. Finally, DA Davidson raised Ichor from a neutral rating to a buy rating and upped their target price for the company from $25.00 to $34.00 in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $37.13.

ICHR stock opened at $37.80 on Tuesday. Ichor has a 1 year low of $17.68 and a 1 year high of $39.83. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.98 and a current ratio of 1.90. The stock’s 50 day moving average price is $33.68 and its 200 day moving average price is $27.63. The firm has a market cap of $867.85 million, a P/E ratio of 140.00 and a beta of 2.79.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, November 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. Ichor had a return on equity of 9.41% and a net margin of 1.09%. The firm had revenue of $154.46 million for the quarter, compared to analyst estimates of $149.96 million. During the same quarter in the prior year, the company earned $0.55 EPS. Ichor’s revenue was down 11.8% on a year-over-year basis. On average, research analysts predict that Ichor will post 1.01 earnings per share for the current year.

In other Ichor news, COO Kevin M. Canty sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $32.80, for a total value of $32,800.00. Following the completion of the transaction, the chief operating officer now directly owns 46,379 shares in the company, valued at approximately $1,521,231.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Kevin M. Canty sold 2,381 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $35.00, for a total value of $83,335.00. Following the completion of the transaction, the chief operating officer now owns 43,998 shares of the company’s stock, valued at $1,539,930. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Concentrum Wealth Management acquired a new position in Ichor in the 4th quarter valued at $216,000. Man Group plc acquired a new stake in shares of Ichor during the 3rd quarter worth $202,000. Point72 Asset Management L.P. increased its holdings in shares of Ichor by 24.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 548,100 shares of the technology company’s stock worth $13,253,000 after buying an additional 108,670 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Ichor by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 34,295 shares of the technology company’s stock worth $829,000 after buying an additional 410 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Ichor by 0.6% during the 3rd quarter. State Street Corp now owns 655,066 shares of the technology company’s stock worth $15,839,000 after buying an additional 3,727 shares during the last quarter. Institutional investors own 85.72% 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. 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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