BidaskClub upgraded shares of Ichor (NASDAQ:ICHR) from a sell rating to a hold rating in a research report sent to investors on Friday, BidAskClub reports.

A number of other research analysts have also recently weighed in on ICHR. Royal Bank of Canada cut their price objective on shares of Ichor from $40.00 to $33.00 and set an outperform rating for the company in a report on Tuesday, May 5th. B. Riley raised shares of Ichor from a neutral rating to a buy rating and set a $33.00 price objective for the company in a report on Monday, June 22nd. Deutsche Bank dropped their target price on shares of Ichor from $34.00 to $32.00 and set a buy rating on the stock in a research report on Tuesday, May 5th. DA Davidson upgraded shares of Ichor from a neutral rating to a buy rating and set a $35.00 target price on the stock in a research report on Tuesday, June 23rd. Finally, TheStreet lowered shares of Ichor from a b- rating to a c rating in a research report on Thursday, April 2nd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Ichor presently has a consensus rating of Buy and an average target price of $34.13.

Shares of Ichor stock opened at $24.91 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.85 and a quick ratio of 0.90. The firm has a fifty day moving average price of $23.30 and a 200 day moving average price of $27.35. Ichor has a 1 year low of $13.68 and a 1 year high of $39.83. The stock has a market cap of $583.02 million, a PE ratio of 45.29 and a beta of 2.51.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Monday, May 4th. The technology company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). Ichor had a net margin of 1.79% and a return on equity of 12.16%. The firm had revenue of $220.00 million during the quarter, compared to analysts’ expectations of $163.19 million. During the same period in the previous year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 59.7% on a year-over-year basis. As a group, equities analysts expect that Ichor will post 1.5 EPS for the current year.

In related news, CTO Philip Ryan Sr. Barros sold 15,123 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $22.72, for a total transaction of $343,594.56. Following the transaction, the chief technology officer now directly owns 73,970 shares in the company, valued at $1,680,598.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.90% of the company’s stock.

A number of large investors have recently bought and sold shares of ICHR. Driehaus Capital Management LLC boosted its holdings in Ichor by 360.2% in the 4th quarter. Driehaus Capital Management LLC now owns 986,260 shares of the technology company’s stock valued at $32,813,000 after purchasing an additional 771,941 shares during the last quarter. Ziegler Capital Management LLC acquired a new position in Ichor in the 1st quarter valued at about $4,983,000. Stifel Financial Corp acquired a new position in Ichor in the 4th quarter valued at about $8,456,000. Goldman Sachs Group Inc. boosted its holdings in Ichor by 358.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 268,685 shares of the technology company’s stock valued at $8,939,000 after purchasing an additional 210,073 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in Ichor in the 1st quarter valued at about $3,942,000. Institutional investors own 83.79% of the company’s stock.

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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