Needham & Company LLC reiterated their buy rating on shares of Ichor (NASDAQ:ICHR) in a research note issued to investors on Friday, MarketBeat.com reports. The firm currently has a $42.00 price objective on the technology company’s stock, up from their prior price objective of $36.00.
Other analysts have also recently issued reports about the company. Deutsche Bank upped their price target on Ichor to $38.00 and gave the company a buy rating in a research report on Thursday. Zacks Investment Research cut Ichor from a strong-buy rating to a hold rating in a research report on Wednesday, December 13th. Cowen upped their price target on Ichor from $27.00 to $38.00 and gave the company an outperform rating in a research report on Wednesday, October 18th. Finally, Royal Bank of Canada reiterated a buy rating and issued a $37.00 price target on shares of Ichor in a research report on Friday, October 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Ichor has an average rating of Buy and an average price target of $36.17.
Shares of Ichor (NASDAQ:ICHR) traded up $2.10 during midday trading on Friday, hitting $34.49. The company had a trading volume of 1,410,000 shares, compared to its average volume of 1,090,000. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $882.56 and a price-to-earnings ratio of 8.25. Ichor has a twelve month low of $14.98 and a twelve month high of $35.51.
Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Thursday, November 9th. The technology company reported $0.62 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.62. Ichor had a return on equity of 32.99% and a net margin of 7.43%. The firm had revenue of $164.50 million for the quarter, compared to analysts’ expectations of $165.16 million. Ichor’s revenue for the quarter was up 55.6% compared to the same quarter last year. equities analysts anticipate that Ichor will post 2.44 EPS for the current year.
In other Ichor news, CEO Thomas M. Rohrs sold 130,767 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $27.85, for a total value of $3,641,860.95. Following the transaction, the chief executive officer now owns 173,090 shares of the company’s stock, valued at $4,820,556.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Maurice Eugene Carson sold 17,300 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $29.37, for a total value of $508,101.00. Following the completion of the transaction, the chief financial officer now directly owns 52,922 shares in the company, valued at approximately $1,554,319.14. The disclosure for this sale can be found here. Insiders have sold 211,994 shares of company stock worth $5,858,200 in the last 90 days. Company insiders own 5.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Value Holdings Management CO. LLC lifted its stake in Ichor by 100.3% in the fourth quarter. Value Holdings Management CO. LLC now owns 89,252 shares of the technology company’s stock valued at $2,195,000 after buying an additional 44,700 shares during the period. Hamilton Lane Advisors LLC acquired a new position in Ichor in the fourth quarter valued at about $4,624,000. Schwab Charles Investment Management Inc. lifted its stake in Ichor by 11.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 78,068 shares of the technology company’s stock valued at $1,921,000 after buying an additional 8,332 shares during the period. GSA Capital Partners LLP acquired a new position in Ichor in the third quarter valued at about $1,196,000. Finally, Delphi Management Inc. MA lifted its stake in Ichor by 144.2% in the third quarter. Delphi Management Inc. MA now owns 102,411 shares of the technology company’s stock valued at $2,745,000 after buying an additional 60,480 shares during the period. 75.38% of the stock is currently owned by hedge funds and other institutional investors.
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Ichor Company Profile
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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