Shares of Ichor Holdings Ltd (NASDAQ:ICHR) were down 5.9% during trading on Wednesday . The stock traded as low as $26.32 and last traded at $27.17. Approximately 3,181,486 shares were traded during mid-day trading, an increase of 95% from the average daily volume of 1,634,998 shares. The stock had previously closed at $28.88.
Several analysts have recently commented on ICHR shares. ValuEngine raised Ichor from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised Ichor from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Tuesday, January 23rd. Needham & Company LLC raised Ichor from a “buy” rating to a “strong-buy” rating and set a $42.00 price target for the company in a report on Tuesday, February 13th. Cowen reissued a “buy” rating on shares of Ichor in a report on Thursday, February 15th. Finally, Deutsche Bank raised their price target on Ichor to $38.00 and gave the company a “buy” rating in a report on Thursday, January 18th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.33.
The firm has a market cap of $718.25 and a price-to-earnings ratio of 13.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.03 and a quick ratio of 0.99.
Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.68 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.68. The firm had revenue of $182.94 million during the quarter, compared to analysts’ expectations of $183.06 million. Ichor had a return on equity of 35.84% and a net margin of 7.83%. analysts predict that Ichor Holdings Ltd will post 3.51 EPS for the current fiscal year.
In related news, Director Iain Mackenzie sold 4,690 shares of Ichor stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $26.10, for a total transaction of $122,409.00. Following the completion of the transaction, the director now directly owns 4,690 shares of the company’s stock, valued at $122,409. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jeff Andreson acquired 4,800 shares of Ichor stock in a transaction that occurred on Thursday, March 8th. The shares were purchased at an average cost of $27.53 per share, with a total value of $132,144.00. Following the completion of the acquisition, the chief financial officer now owns 4,800 shares of the company’s stock, valued at approximately $132,144. The disclosure for this purchase can be found here. Insiders own 5.80% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in Ichor during the third quarter worth $107,000. Hershey Trust Co. acquired a new position in shares of Ichor in the fourth quarter worth $111,000. The Manufacturers Life Insurance Company acquired a new position in shares of Ichor in the second quarter worth $180,000. Royal Bank of Canada raised its holdings in shares of Ichor by 38.2% in the second quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock worth $189,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Toronto Dominion Bank acquired a new position in shares of Ichor in the fourth quarter worth $197,000. 71.56% of the stock is 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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