Ichor (NASDAQ:ICHR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. Ichor Holdings, Ltd. is based in Fremont, United States. “
Several other research firms also recently weighed in on ICHR. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price objective (up previously from $36.00) on shares of Ichor in a report on Friday, January 19th. Deutsche Bank upped their price objective on shares of Ichor to $38.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. ValuEngine raised shares of Ichor from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Stifel Nicolaus upped their price objective on shares of Ichor from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, BidaskClub raised shares of Ichor from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Ichor currently has an average rating of “Buy” and an average price target of $38.33.
Shares of ICHR stock opened at $27.36 on Wednesday. The firm has a market cap of $725.68, a PE ratio of 13.96 and a beta of 5.30. Ichor has a 1-year low of $16.82 and a 1-year high of $35.51. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.89 and a quick ratio of 0.84.
Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.68 earnings per share for the quarter, hitting the consensus estimate of $0.68. The business had revenue of $182.94 million during the quarter, compared to the consensus estimate of $183.06 million. Ichor had a net margin of 7.83% and a return on equity of 33.93%. analysts forecast that Ichor will post 3.51 EPS for the current fiscal year.
In other Ichor news, insider Philip Ryan Sr. Barros sold 35,650 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $25.47, for a total value of $908,005.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Iain Mackenzie sold 4,690 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $26.10, for a total transaction of $122,409.00. Following the completion of the sale, the director now directly owns 4,690 shares of the company’s stock, valued at $122,409. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC acquired a new stake in Ichor in the 4th quarter valued at about $508,000. Teachers Advisors LLC lifted its holdings in Ichor by 37.5% in the 4th quarter. Teachers Advisors LLC now owns 33,722 shares of the technology company’s stock valued at $830,000 after acquiring an additional 9,192 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Ichor by 237.5% in the 4th quarter. California State Teachers Retirement System now owns 96,868 shares of the technology company’s stock valued at $2,383,000 after acquiring an additional 68,167 shares during the last quarter. Guggenheim Capital LLC acquired a new stake in Ichor in the 4th quarter valued at about $290,000. Finally, Deutsche Bank AG lifted its holdings in Ichor by 49.0% in the 4th quarter. Deutsche Bank AG now owns 89,285 shares of the technology company’s stock valued at $2,195,000 after acquiring an additional 29,370 shares during the last quarter. 70.52% of the stock is owned by 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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