Royal Bank of Canada downgraded shares of Ichor (NASDAQ:ICHR) from an outperform rating to a sector perform rating in a report published on Wednesday, MarketBeat Ratings reports. The firm currently has $20.00 price target on the technology company’s stock, down from their prior price target of $28.00.

Several other equities research analysts also recently weighed in on ICHR. BidaskClub raised Ichor from a sell rating to a hold rating in a report on Tuesday, July 10th. Zacks Investment Research raised Ichor from a strong sell rating to a hold rating in a report on Wednesday, July 11th. Cowen set a $32.00 price objective on Ichor and gave the company an outperform rating in a report on Wednesday, August 8th. ValuEngine downgraded Ichor from a hold rating to a sell rating in a report on Wednesday, September 12th. Finally, Stifel Nicolaus set a $41.00 price objective on Ichor and gave the company a buy rating in a report on Tuesday, October 23rd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Ichor presently has an average rating of Hold and an average price target of $32.00.

Ichor stock traded down $0.70 during mid-day trading on Wednesday, hitting $16.00. The company had a trading volume of 636,561 shares, compared to its average volume of 706,761. The firm has a market capitalization of $390.47 million, a P/E ratio of 6.64 and a beta of 3.82. Ichor has a 1 year low of $15.21 and a 1 year high of $34.78. The company has a quick ratio of 1.00, a current ratio of 2.36 and a debt-to-equity ratio of 0.82.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The business had revenue of $175.20 million during the quarter, compared to the consensus estimate of $179.84 million. Ichor had a return on equity of 35.38% and a net margin of 7.95%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 earnings per share. As a group, research analysts expect that Ichor will post 2.99 earnings per share for the current fiscal year.

In other news, CFO Jeff Andreson acquired 5,200 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was acquired at an average cost of $24.22 per share, with a total value of $125,944.00. Following the completion of the acquisition, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $242,200. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC acquired a new stake in shares of Ichor during the third quarter worth $11,580,000. Globeflex Capital L P lifted its holdings in shares of Ichor by 66.0% during the third quarter. Globeflex Capital L P now owns 58,100 shares of the technology company’s stock worth $1,186,000 after purchasing an additional 23,100 shares during the period. BlackRock Inc. lifted its holdings in shares of Ichor by 121.1% during the third quarter. BlackRock Inc. now owns 3,545,139 shares of the technology company’s stock worth $72,393,000 after purchasing an additional 1,941,439 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Ichor by 188.9% during the third quarter. Bank of New York Mellon Corp now owns 261,127 shares of the technology company’s stock worth $5,333,000 after purchasing an additional 170,739 shares during the period. Finally, Factorial Partners LLC acquired a new stake in shares of Ichor during the third quarter worth $715,000. 84.96% of the stock is owned by hedge funds and other institutional investors.

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, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.

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Analyst Recommendations for Ichor (NASDAQ:ICHR)

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