Ichor Holdings, Ltd. (ICHR) Hits New 12-Month High After Analyst Upgrade

Ichor Holdings, Ltd. (NASDAQ:ICHR) shares hit a new 52-week high during mid-day trading on Wednesday after Cowen and raised their price target on the stock from $27.00 to $38.00. Cowen and currently has an outperform rating on the stock. Ichor Holdings traded as high as $34.11 and last traded at $34.11, with a volume of 901,670 shares trading hands. The stock had previously closed at $33.13.

Several other research analysts have also issued reports on the company. Needham & Company LLC upped their target price on Ichor Holdings from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research raised Ichor Holdings from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Thursday, October 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $32.00 target price (up from $26.00) on shares of Ichor Holdings in a research report on Tuesday, October 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $27.00 target price (up from $26.00) on shares of Ichor Holdings in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus upped their target price on Ichor Holdings from $26.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Six equities research analysts have rated the stock with a buy rating, Ichor Holdings currently has an average rating of “Buy” and a consensus price target of $33.17.

In other Ichor Holdings news, CEO Thomas M. Rohrs sold 130,767 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $19.57, for a total transaction of $2,559,110.19. Following the sale, the chief executive officer now owns 125,558 shares in the company, valued at approximately $2,457,170.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Maurice Eugene Carson sold 17,300 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $20.81, for a total value of $360,013.00. Following the sale, the chief financial officer now owns 87,331 shares in the company, valued at approximately $1,817,358.11. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,534,817 shares of company stock worth $121,578,383. Company insiders own 5.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. purchased a new stake in Ichor Holdings during the 2nd quarter valued at about $162,000. The Manufacturers Life Insurance Company purchased a new stake in Ichor Holdings during the 2nd quarter valued at about $180,000. Royal Bank of Canada grew its stake in Ichor Holdings by 38.2% during the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock valued at $189,000 after purchasing an additional 2,600 shares during the last quarter. Hancock Holding Co. grew its stake in Ichor Holdings by 1.2% during the 2nd quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock valued at $208,000 after purchasing an additional 126 shares during the last quarter. Finally, TIAA CREF Investment Management LLC purchased a new stake in Ichor Holdings during the 1st quarter valued at about $219,000. Institutional investors and hedge funds own 83.68% of the company’s stock.

The stock has a market cap of $837.33 million and a price-to-earnings ratio of 19.17. The firm’s 50 day moving average is $27.20 and its 200-day moving average is $27.20.

Ichor Holdings (NASDAQ:ICHR) last posted its earnings results on Thursday, August 10th. The technology company reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.02). The firm had revenue of $159.70 million during the quarter, compared to analyst estimates of $159.36 million. The business’s revenue was up 67.4% on a year-over-year basis. Analysts forecast that Ichor

Several other research analysts have also issued reports on the company. Needham & Company LLC upped their target price on Ichor Holdings from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research raised Ichor Holdings from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Thursday, October 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $32.00 target price (up from $26.00) on shares of Ichor Holdings in a research report on Tuesday, October 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $27.00 target price (up from $26.00) on shares of Ichor Holdings in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus upped their target price on Ichor Holdings from $26.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Six equities research analysts have rated the stock with a buy rating, Ichor Holdings currently has an average rating of “Buy” and a consensus price target of $33.17.

In other Ichor Holdings news, CEO Thomas M. Rohrs sold 130,767 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $19.57, for a total transaction of $2,559,110.19. Following the sale, the chief executive officer now owns 125,558 shares in the company, valued at approximately $2,457,170.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Maurice Eugene Carson sold 17,300 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $20.81, for a total value of $360,013.00. Following the sale, the chief financial officer now owns 87,331 shares in the company, valued at approximately $1,817,358.11. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,534,817 shares of company stock worth $121,578,383. Company insiders own 5.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. purchased a new stake in Ichor Holdings during the 2nd quarter valued at about $162,000. The Manufacturers Life Insurance Company purchased a new stake in Ichor Holdings during the 2nd quarter valued at about $180,000. Royal Bank of Canada grew its stake in Ichor Holdings by 38.2% during the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock valued at $189,000 after purchasing an additional 2,600 shares during the last quarter. Hancock Holding Co. grew its stake in Ichor Holdings by 1.2% during the 2nd quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock valued at $208,000 after purchasing an additional 126 shares during the last quarter. Finally, TIAA CREF Investment Management LLC purchased a new stake in Ichor Holdings during the 1st quarter valued at about $219,000. Institutional investors and hedge funds own 83.68% of the company’s stock.

The stock has a market cap of $837.33 million and a price-to-earnings ratio of 19.17. The firm’s 50 day moving average is $27.20 and its 200-day moving average is $27.20.

Ichor Holdings (NASDAQ:ICHR) last posted its earnings results on Thursday, August 10th. The technology company reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.02). The firm had revenue of $159.70 million during the quarter, compared to analyst estimates of $159.36 million. The business’s revenue was up 67.4% on a year-over-year basis. Analysts forecast that Ichor Holdings, Ltd. will post $2.45 earnings per share for the current year.

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Ichor Holdings 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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