Ichor Holdings, Ltd. (ICHR) Price Target Increased to $38.00 by Analysts at Cowen and Company

Ichor Holdings, Ltd. (NASDAQ:ICHR) had its price objective lifted by Cowen and Company from $27.00 to $38.00 in a report released on Wednesday. They currently have an outperform rating on the technology company’s stock.

ICHR has been the topic of a number of other reports. Stifel Nicolaus increased their target price on Ichor Holdings from $26.00 to $32.00 and gave the stock a buy rating in a report on Wednesday, August 9th. Deutsche Bank AG reiterated a buy rating and issued a $26.00 target price (up from $24.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated an outperform rating and issued a $27.00 target price (up from $26.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Needham & Company LLC increased their target price on Ichor Holdings from $30.00 to $36.00 and gave the stock a buy rating in a report on Friday, October 13th. Finally, Zacks Investment Research cut Ichor Holdings from a strong-buy rating to a hold rating in a report on Wednesday, October 11th. Six investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and a consensus target price of $33.17.

Shares of Ichor Holdings (ICHR) traded down 2.26% during mid-day trading on Wednesday, hitting $33.34. 1,184,578 shares of the stock were exchanged. Ichor Holdings has a 12-month low of $9.76 and a 12-month high of $34.70. The stock has a market capitalization of $837.33 million and a P/E ratio of 19.17. The stock’s 50 day moving average price is $26.98 and its 200-day moving average price is $26.98.

Ichor Holdings (NASDAQ:ICHR) last announced its quarterly earnings data on Thursday, August 10th. The technology company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.02). The firm had revenue of $159.70 million for the quarter, compared to the consensus estimate of $159.36 million. Ichor Holdings’s quarterly revenue was up 67.4% on a year-over-year basis. On average, equities research analysts expect that Ichor Holdings will post $2.45 EPS for the current fiscal year.

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In related news, Director Dipanjan Deb sold 5,423,692 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $18.50, for a total value of $100,338,302.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas M. Rohrs sold 130,767 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $19.57, for a total value of $2,559,110.19. Following the completion of the transaction, the chief executive officer now owns 125,558 shares in the company, valued at $2,457,170.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,534,817 shares of company stock worth $121,578,383. 5.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Neuberger Berman Group LLC lifted its holdings in shares of Ichor Holdings by 38.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,060,835 shares of the technology company’s stock worth $21,386,000 after purchasing an additional 292,351 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Ichor Holdings by 262.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 943,466 shares of the technology company’s stock worth $19,021,000 after purchasing an additional 683,466 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its holdings in shares of Ichor Holdings by 2,598.2% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 906,600 shares of the technology company’s stock worth $18,277,000 after purchasing an additional 873,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Ichor Holdings by 182.9% in the 2nd quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock worth $9,700,000 after purchasing an additional 311,083 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Ichor Holdings by 65.0% in the 2nd quarter. Royce & Associates LP now owns 297,118 shares of the technology company&

ICHR has been the topic of a number of other reports. Stifel Nicolaus increased their target price on Ichor Holdings from $26.00 to $32.00 and gave the stock a buy rating in a report on Wednesday, August 9th. Deutsche Bank AG reiterated a buy rating and issued a $26.00 target price (up from $24.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated an outperform rating and issued a $27.00 target price (up from $26.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Needham & Company LLC increased their target price on Ichor Holdings from $30.00 to $36.00 and gave the stock a buy rating in a report on Friday, October 13th. Finally, Zacks Investment Research cut Ichor Holdings from a strong-buy rating to a hold rating in a report on Wednesday, October 11th. Six investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and a consensus target price of $33.17.

Shares of Ichor Holdings (ICHR) traded down 2.26% during mid-day trading on Wednesday, hitting $33.34. 1,184,578 shares of the stock were exchanged. Ichor Holdings has a 12-month low of $9.76 and a 12-month high of $34.70. The stock has a market capitalization of $837.33 million and a P/E ratio of 19.17. The stock’s 50 day moving average price is $26.98 and its 200-day moving average price is $26.98.

Ichor Holdings (NASDAQ:ICHR) last announced its quarterly earnings data on Thursday, August 10th. The technology company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.02). The firm had revenue of $159.70 million for the quarter, compared to the consensus estimate of $159.36 million. Ichor Holdings’s quarterly revenue was up 67.4% on a year-over-year basis. On average, equities research analysts expect that Ichor Holdings will post $2.45 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/19/ichor-holdings-ltd-ichr-price-target-increased-to-38-00-by-analysts-at-cowen-and-company.html.

In related news, Director Dipanjan Deb sold 5,423,692 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $18.50, for a total value of $100,338,302.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas M. Rohrs sold 130,767 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $19.57, for a total value of $2,559,110.19. Following the completion of the transaction, the chief executive officer now owns 125,558 shares in the company, valued at $2,457,170.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,534,817 shares of company stock worth $121,578,383. 5.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Neuberger Berman Group LLC lifted its holdings in shares of Ichor Holdings by 38.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,060,835 shares of the technology company’s stock worth $21,386,000 after purchasing an additional 292,351 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Ichor Holdings by 262.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 943,466 shares of the technology company’s stock worth $19,021,000 after purchasing an additional 683,466 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its holdings in shares of Ichor Holdings by 2,598.2% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 906,600 shares of the technology company’s stock worth $18,277,000 after purchasing an additional 873,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Ichor Holdings by 182.9% in the 2nd quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock worth $9,700,000 after purchasing an additional 311,083 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Ichor Holdings by 65.0% in the 2nd quarter. Royce & Associates LP now owns 297,118 shares of the technology company’s stock worth $5,990,000 after purchasing an additional 117,043 shares in the last quarter. Institutional investors own 83.68% of the company’s stock.

About Ichor Holdings

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.

Analyst Recommendations for Ichor Holdings (NASDAQ:ICHR)

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