Needham & Company LLC started coverage on shares of Ichor (NASDAQ:ICHR) in a research note issued to investors on Friday, December 21st, Marketbeat.com reports. The firm issued a buy rating and a $22.00 target price on the technology company’s stock.
Several other research firms have also recently issued reports on ICHR. Zacks Investment Research cut shares of Ichor from a hold rating to a sell rating in a report on Friday, October 26th. BidaskClub raised shares of Ichor from a strong sell rating to a sell rating in a research note on Friday, November 2nd. Royal Bank of Canada lowered shares of Ichor from an outperform rating to a sector perform rating and cut their target price for the company from $28.00 to $20.00 in a research note on Wednesday, November 7th. Stifel Nicolaus set a $41.00 target price on shares of Ichor and gave the company a buy rating in a research note on Tuesday, October 23rd. Finally, Cowen cut their target price on shares of Ichor from $32.00 to $28.00 and set an outperform rating for the company in a research note on Wednesday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $28.67.
NASDAQ ICHR traded down $0.08 on Friday, hitting $18.38. The stock had a trading volume of 262,027 shares, compared to its average volume of 347,741. Ichor has a one year low of $14.23 and a one year high of $34.78. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. The stock has a market cap of $414.10 million, a price-to-earnings ratio of 7.63 and a beta of 2.85.
Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $175.20 million during the quarter, compared to analysts’ expectations of $179.84 million. Ichor had a net margin of 7.95% and a return on equity of 35.38%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $0.62 earnings per share. As a group, equities research analysts expect that Ichor will post 2.73 earnings per share for the current fiscal year.
In related news, CFO Jeff Andreson acquired 6,500 shares of the company’s stock in a transaction on Tuesday, November 13th. The shares were purchased at an average price of $15.90 per share, for a total transaction of $103,350.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Marc Haugen acquired 5,975 shares of the company’s stock in a transaction on Friday, November 9th. The stock was bought at an average price of $16.68 per share, for a total transaction of $99,663.00. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in ICHR. SG Americas Securities LLC acquired a new position in Ichor in the 2nd quarter valued at approximately $146,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Ichor during the 3rd quarter worth $159,000. State of Alaska Department of Revenue acquired a new position in shares of Ichor during the 3rd quarter worth $163,000. Rehmann Capital Advisory Group increased its stake in shares of Ichor by 1,941.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 3,920 shares of the technology company’s stock worth $192,000 after purchasing an additional 3,728 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Ichor during the 2nd quarter worth $202,000. Hedge funds and other institutional investors own 99.70% 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 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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