ValuEngine cut shares of Ichor (NASDAQ:ICHR) from a strong-buy rating to a buy rating in a report issued on Monday, April 2nd.
ICHR has been the subject of several other research reports. Zacks Investment Research cut shares of Ichor from a buy rating to a hold rating in a research report on Tuesday, January 16th. BidaskClub cut shares of Ichor from a hold rating to a sell rating in a report on Friday, March 30th. Needham & Company LLC restated a buy rating and set a $42.00 price objective (up previously from $36.00) on shares of Ichor in a report on Friday, January 19th. Northland Securities began coverage on shares of Ichor in a report on Monday, March 26th. They set an outperform rating for the company. Finally, Deutsche Bank lifted their price target on shares of Ichor to $38.00 and gave the company a buy rating in a research note on Thursday, January 18th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $38.33.
Ichor stock traded up $0.65 during mid-day trading on Monday, reaching $26.44. The company had a trading volume of 998,072 shares, compared to its average volume of 1,431,796. 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 has a 52 week low of $17.00 and a 52 week high of $35.51. The company has a market cap of $675.12, a PE ratio of 10.97 and a beta of 4.86.
Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.68 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.68. The firm 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 expect that Ichor will post 3.56 earnings per share for the current fiscal year.
In related news, Director Iain Mackenzie sold 4,680 shares of the business’s stock in a transaction on Monday, April 9th. The shares were sold at an average price of $24.29, for a total transaction of $113,677.20. Following the transaction, the director now directly owns 4,680 shares in the company, valued at $113,677.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jeff Andreson bought 4,800 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were purchased at an average price of $27.53 per share, for a total transaction 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 2.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Ichor in the third quarter valued at about $107,000. Hershey Trust Co. acquired a new position in shares of Ichor in the fourth quarter valued at about $111,000. Toronto Dominion Bank acquired a new position in shares of Ichor in the fourth quarter valued at about $197,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ichor in the third quarter valued at about $228,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Ichor in the second quarter valued at about $180,000. Hedge funds and other institutional investors own 70.49% of the company’s stock.
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Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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