ValuEngine upgraded shares of Ichor (NASDAQ:ICHR) from a hold rating to a buy rating in a research note issued to investors on Monday.
A number of other research firms have also recently commented on ICHR. Deutsche Bank increased their target price on shares of Ichor to $38.00 and gave the company a buy rating in a research report on Thursday, January 18th. Cowen reaffirmed a buy rating on shares of Ichor in a report on Thursday, February 15th. BidaskClub cut shares of Ichor from a hold rating to a sell rating in a report on Thursday, April 26th. Northland Securities initiated coverage on shares of Ichor in a report on Monday, March 26th. They issued an outperform rating for the company. Finally, Zacks Investment Research raised shares of 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. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $38.33.
NASDAQ:ICHR traded down $1.61 during midday trading on Monday, reaching $24.96. 28,556 shares of the stock traded hands, compared to its average volume of 1,351,787. Ichor has a 12-month low of $26.18 and a 12-month high of $27.19. The company has a quick ratio of 0.93, a current ratio of 1.99 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $692.43 million, a price-to-earnings ratio of 11.02 and a beta of 5.04.
Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, May 8th. The technology company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.09. Ichor had a net margin of 7.22% and a return on equity of 35.86%. The company had revenue of $258.02 million during the quarter, compared to analysts’ expectations of $244.47 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. Ichor’s revenue for the quarter was up 73.5% compared to the same quarter last year. analysts expect that Ichor will post 3.37 EPS for the current year.
In other Ichor news, Director Iain Mackenzie sold 4,680 shares of the firm’s stock in a transaction on Monday, April 9th. The shares were sold at an average price of $24.29, for a total value of $113,677.20. Following the completion of the transaction, the director now owns 4,680 shares of the company’s stock, valued at $113,677.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $25.47, for a total transaction of $908,005.50. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Rubric Capital Management LP raised its holdings in shares of Ichor by 159.6% in the first quarter. Rubric Capital Management LP now owns 1,673,220 shares of the technology company’s stock worth $40,509,000 after buying an additional 1,028,679 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Ichor by 2.6% during the first quarter. BlackRock Inc. now owns 1,187,417 shares of the technology company’s stock worth $28,749,000 after purchasing an additional 29,854 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Ichor during the first quarter worth $23,286,000. Systematic Financial Management LP raised its holdings in shares of Ichor by 4.5% during the first quarter. Systematic Financial Management LP now owns 768,768 shares of the technology company’s stock worth $18,612,000 after purchasing an additional 33,349 shares during the last quarter. Finally, Epoch Investment Partners Inc. purchased a new position in shares of Ichor during the first quarter worth $14,451,000. 78.61% of the stock is owned by institutional investors and hedge funds.
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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