Brokerages Set Ichor Holdings, Ltd. (NASDAQ:ICHR) Price Target at $42.57

Ichor Holdings, Ltd. (NASDAQ:ICHR) has been given an average recommendation of “Buy” by the seven research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $42.57.

Several equities analysts have commented on ICHR shares. DA Davidson began coverage on shares of Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price on the stock. TD Cowen lifted their price objective on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. B. Riley reiterated a “buy” rating and issued a $38.00 price target (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Finally, Oppenheimer began coverage on Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective on the stock.

Ichor Stock Performance

Shares of NASDAQ:ICHR opened at $29.80 on Wednesday. The firm has a market cap of $1.01 billion, a PE ratio of -32.04 and a beta of 1.93. Ichor has a 12-month low of $26.40 and a 12-month high of $46.43. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average price is $31.01 and its two-hundred day moving average price is $32.42.

Ichor (NASDAQ:ICHR) last released its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The firm had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. During the same period in the prior year, the company posted ($0.09) EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that Ichor will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Ichor

Several large investors have recently bought and sold shares of ICHR. Quarry LP increased its stake in shares of Ichor by 99.5% in the second quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after buying an additional 433 shares during the period. CWM LLC increased its position in Ichor by 50.5% in the 2nd quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after acquiring an additional 517 shares during the period. Amalgamated Bank raised its stake in shares of Ichor by 6.1% during the second quarter. Amalgamated Bank now owns 10,025 shares of the technology company’s stock valued at $386,000 after acquiring an additional 577 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after purchasing an additional 625 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Ichor by 214.6% in the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after purchasing an additional 854 shares during the last quarter. 94.81% of the stock is currently owned by 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 and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.