Ichor Holdings Ltd (NASDAQ:ICHR) shares saw an uptick in trading volume on Wednesday . 3,820,000 shares were traded during mid-day trading, an increase of 271% from the previous session’s volume of 1,030,000 shares.The stock last traded at $30.66 and had previously closed at $30.66.

A number of brokerages recently weighed in on ICHR. Zacks Investment Research cut shares of Ichor from a “buy” rating to a “hold” rating in a report on Tuesday. Cowen restated an “outperform” rating and issued a $40.00 price objective (up previously from $38.00) on shares of Ichor in a report on Friday, November 10th. Royal Bank of Canada restated a “buy” rating and issued a $37.00 price objective on shares of Ichor in a report on Friday, October 20th. Needham & Company LLC lifted their price objective on shares of Ichor from $30.00 to $36.00 and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Deutsche Bank restated a “buy” rating and issued a $32.00 price objective (up previously from $26.00) on shares of Ichor in a report on Tuesday, October 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $34.17.

The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $784.55 and a price-to-earnings ratio of 7.33.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Thursday, November 9th. The technology company reported $0.62 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.62. Ichor had a net margin of 7.43% and a return on equity of 32.99%. The firm had revenue of $164.50 million during the quarter, compared to analysts’ expectations of $165.16 million. The company’s revenue for the quarter was up 55.6% compared to the same quarter last year. analysts predict that Ichor Holdings Ltd will post 2.4 earnings per share for the current year.

In other Ichor news, Director Iain Mackenzie sold 4,690 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $26.10, for a total transaction of $122,409.00. Following the completion of the transaction, the director now owns 4,690 shares in the company, valued at approximately $122,409. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $26.37, for a total transaction of $940,090.50. Following the transaction, the insider now owns 32,090 shares of the company’s stock, valued at approximately $846,213.30. The disclosure for this sale can be found here. Insiders have sold a total of 211,994 shares of company stock valued at $5,858,200 in the last quarter. 5.80% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hancock Holding Co. grew its holdings in Ichor by 1.2% during the 2nd quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock worth $208,000 after acquiring an additional 126 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in Ichor by 8.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 15,350 shares of the technology company’s stock worth $309,000 after acquiring an additional 1,231 shares in the last quarter. Cadence Capital Management LLC grew its holdings in Ichor by 5.1% during the 3rd quarter. Cadence Capital Management LLC now owns 52,489 shares of the technology company’s stock worth $1,407,000 after acquiring an additional 2,539 shares in the last quarter. Royal Bank of Canada grew its holdings in Ichor by 38.2% during the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock worth $189,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Ichor by 22.6% during the 3rd quarter. Rhumbline Advisers now owns 14,502 shares of the technology company’s stock worth $389,000 after acquiring an additional 2,675 shares in the last quarter. Institutional investors own 75.43% of the company’s stock.

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About Ichor

Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.

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