Recent Investment Analysts’ Ratings Changes for Ichor (ICHR)

Several analysts have recently updated their ratings and price targets for Ichor (NASDAQ: ICHR):

  • 4/14/2021 – Ichor had its price target raised by analysts at Cowen Inc from $48.00 to $61.00. They now have an “outperform” rating on the stock.
  • 4/14/2021 – Ichor had its price target raised by analysts at DA Davidson from $50.00 to $75.00. They now have a “buy” rating on the stock.
  • 4/7/2021 – Ichor was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. Ichor Holdings, Ltd. is based in Fremont, United States. “
  • 4/5/2021 – Ichor had its price target raised by analysts at B. Riley from $63.00 to $75.00. They now have a “buy” rating on the stock.
  • 3/17/2021 – Ichor had its price target raised by analysts at B. Riley from $57.00 to $63.00. They now have a “buy” rating on the stock.
  • 3/9/2021 – Ichor was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $44.00 price target on the stock. According to Zacks, “Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. Ichor Holdings, Ltd. is based in Fremont, United States. “

ICHR stock opened at $59.04 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.27 and a current ratio of 2.20. The stock has a market cap of $1.66 billion, a P/E ratio of 47.23 and a beta of 2.33. The firm has a 50 day simple moving average of $49.84 and a 200 day simple moving average of $36.70. Ichor Holdings, Ltd. has a 52 week low of $19.52 and a 52 week high of $63.42.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Monday, February 1st. The technology company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.71 by $0.10. The business had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $188.90 million. Ichor had a net margin of 3.34% and a return on equity of 17.61%. The firm’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same period last year, the company posted $0.48 earnings per share. Sell-side analysts predict that Ichor Holdings, Ltd. will post 2.01 EPS for the current year.

In other news, Director Thomas M. Rohrs sold 25,000 shares of Ichor stock in a transaction that occurred on Wednesday, February 10th. The shares were sold at an average price of $41.46, for a total value of $1,036,500.00. Following the transaction, the director now owns 149,595 shares of the company’s stock, valued at $6,202,208.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Kevin M. Canty sold 1,500 shares of Ichor stock in a transaction that occurred on Wednesday, April 7th. The shares were sold at an average price of $60.10, for a total transaction of $90,150.00. Following the completion of the transaction, the chief operating officer now directly owns 54,595 shares in the company, valued at approximately $3,281,159.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,500 shares of company stock worth $2,196,650. Insiders own 3.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Arizona State Retirement System bought a new position in shares of Ichor in the fourth quarter valued at approximately $201,000. ExodusPoint Capital Management LP acquired a new stake in shares of Ichor in the fourth quarter worth $202,000. AJ Wealth Strategies LLC acquired a new stake in shares of Ichor in the fourth quarter worth $246,000. Tudor Investment Corp Et Al acquired a new stake in shares of Ichor in the fourth quarter worth $293,000. Finally, Tompkins Financial Corp acquired a new stake in shares of Ichor in the fourth quarter worth $193,000. 78.20% of the stock is currently owned by institutional investors.

Ichor Holdings Ltd. engages in designing, engineering, and manufacturing fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems, which are key elements of the process tools used in the manufacturing of semiconductor devices. The firm also manufactures precision machined components, weldments, and proprietary products for use in fluid delivery systems for direct sales to its customers.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

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