Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Consensus Rating of “Moderate Buy” from Analysts

Ichor Holdings, Ltd. (NASDAQ:ICHR) has been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $42.29.

Several equities research analysts have commented on ICHR shares. StockNews.com cut Ichor from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. TD Cowen dropped their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th.

Ichor Trading Up 4.8 %

NASDAQ ICHR opened at $29.25 on Monday. The stock has a market capitalization of $994.59 million, a price-to-earnings ratio of -45.00 and a beta of 1.91. The stock’s 50 day moving average price is $30.89 and its two-hundred day moving average price is $30.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. Ichor has a 52 week low of $25.95 and a 52 week high of $44.54.

Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. As a group, analysts anticipate that Ichor will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at Ichor

In related news, Director Jorge Titinger sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the transaction, the director now directly owns 9,832 shares of the company’s stock, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ICHR. Quarry LP increased its holdings in shares of Ichor by 80.4% during the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after acquiring an additional 698 shares during the last quarter. KBC Group NV increased its holdings in shares of Ichor by 83.5% during the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after acquiring an additional 949 shares during the last quarter. Globeflex Capital L P acquired a new position in shares of Ichor during the 4th quarter worth approximately $93,000. Tower Research Capital LLC TRC increased its holdings in shares of Ichor by 52.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock worth $147,000 after acquiring an additional 1,578 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ichor by 28.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after acquiring an additional 1,068 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

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 and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.