ValuEngine lowered shares of Ichor (NASDAQ:ICHR) from a hold rating to a sell rating in a research report sent to investors on Wednesday, September 12th.
ICHR has been the topic of several other reports. Zacks Investment Research raised shares of Ichor from a hold rating to a buy rating and set a $29.00 price objective on the stock in a research note on Tuesday, May 15th. Stifel Nicolaus upped their price objective on shares of Ichor from $44.00 to $48.00 and gave the stock a buy rating in a research note on Monday, June 18th. BidaskClub upgraded shares of Ichor from a sell rating to a hold rating in a research report on Tuesday, July 10th. Cowen set a $32.00 target price on shares of Ichor and gave the stock an outperform rating in a research report on Wednesday, August 8th. Finally, Royal Bank of Canada reduced their target price on shares of Ichor from $40.00 to $33.00 and set a $20.46 rating on the stock in a research report on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $37.00.
Shares of ICHR stock traded down $0.47 on Wednesday, hitting $19.78. The company’s stock had a trading volume of 442,323 shares, compared to its average volume of 1,142,281. The company has a current ratio of 2.10, a quick ratio of 1.00 and a debt-to-equity ratio of 0.73. Ichor has a fifty-two week low of $18.76 and a fifty-two week high of $35.51. The firm has a market cap of $497.40 million, a PE ratio of 8.21 and a beta of 5.13.
Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, August 7th. The technology company reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.27. Ichor had a net margin of 8.60% and a return on equity of 38.00%. The firm had revenue of $248.97 million during the quarter, compared to analyst estimates of $236.39 million. As a group, analysts forecast that Ichor will post 3.03 EPS for the current fiscal year.
In other news, CFO Jeff Andreson purchased 5,200 shares of the business’s stock in a transaction on Monday, August 27th. The stock was purchased at an average price of $24.22 per share, for a total transaction of $125,944.00. Following the completion of the purchase, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $242,200. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Iain Mackenzie sold 4,680 shares of the stock in a transaction on Monday, July 9th. The shares were sold at an average price of $22.13, for a total transaction of $103,568.40. Following the completion of the sale, the director now owns 4,680 shares of the company’s stock, valued at approximately $103,568.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. LPL Financial LLC lifted its stake in shares of Ichor by 13.6% during the 1st quarter. LPL Financial LLC now owns 25,632 shares of the technology company’s stock worth $621,000 after buying an additional 3,075 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Ichor during the 2nd quarter worth about $1,436,000. Sterling Capital Management LLC acquired a new stake in shares of Ichor during the 2nd quarter worth about $751,000. BlackRock Inc. lifted its stake in shares of Ichor by 2.6% during the 1st quarter. BlackRock Inc. now owns 1,187,417 shares of the technology company’s stock worth $28,749,000 after buying an additional 29,854 shares during the last quarter. Finally, Alps Advisors Inc. acquired a new stake in shares of Ichor during the 2nd quarter worth about $489,000. Hedge funds and other institutional investors own 87.20% of the company’s stock.
Ichor Company Profile
Ichor Holdings Ltd. engages in the design, engineering, and manufacturing of fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems and manufactures components for internal use in fluid delivery systems and for direct sales of the customers. The gas delivery subsystems deliver, monitor, and control precise quantities of the specialized gases used in semiconductor manufacturing processes such as etch and deposition.
Further Reading: Asset Allocation
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