Cowen and Company reissued their outperform rating on shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) in a research note released on Friday, Marketbeat.com reports. Cowen and Company currently has a $40.00 price target on the technology company’s stock, up from their previous price target of $38.00.
Several other research firms have also commented on ICHR. Needham & Company LLC restated a positive rating and set a $30.00 price target (up previously from $25.00) on shares of Ichor Holdings in a research report on Monday, July 31st. Royal Bank Of Canada restated a buy rating and set a $37.00 price target on shares of Ichor Holdings in a research report on Friday, October 20th. Deutsche Bank AG restated a buy rating and set a $32.00 price target (up previously from $26.00) on shares of Ichor Holdings in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of 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. Finally, Stifel Nicolaus lifted their target price on shares of Ichor Holdings from $26.00 to $32.00 and gave the company a buy rating in a research report on Wednesday, August 9th. Six research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and a consensus target price of $35.17.
Ichor Holdings (NASDAQ ICHR) traded up $1.00 during mid-day trading on Friday, reaching $28.98. 2,006,800 shares of the company traded hands, compared to its average volume of 608,076. The firm has a market capitalization of $714.54 and a price-to-earnings ratio of 12.72. The company has a current ratio of 1.79, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. Ichor Holdings has a 52 week low of $9.76 and a 52 week high of $35.51.
Ichor Holdings (NASDAQ:ICHR) last released its quarterly earnings results on Thursday, November 9th. The technology company reported $0.62 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. The company had revenue of $164.50 million for the quarter, compared to analyst estimates of $165.16 million. Ichor Holdings had a net margin of 7.43% and a return on equity of 34.76%. The company’s quarterly revenue was up 55.6% on a year-over-year basis. research analysts predict that Ichor Holdings will post 2.4 EPS for the current year.
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In other news, Director Dipanjan Deb sold 799,564 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $18.50, for a total value of $14,791,934.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Philip Ryan Sr. Barros sold 8,290 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $18.50, for a total transaction of $153,365.00. Following the completion of the transaction, the insider now directly owns 8,290 shares in the company, valued at $153,365. The disclosure for this sale can be found here. In the last quarter, insiders sold 928,920 shares of company stock worth $17,877,456. Company insiders own 5.80% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Hancock Holding Co. lifted its stake in shares of Ichor Holdings by 1.2% in the second quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock worth $208,000 after buying an additional 126 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Ichor Holdings by 8.7% in the second quarter. Cubist Systematic Strategies LLC now owns 15,350 shares of the technology company’s stock worth $309,000 after buying an additional 1,231 shares in the last quarter. Cadence Capital Management LLC lifted its stake in shares of Ichor Holdings by 5.1% in the third quarter. Cadence Capital Management LLC now owns 52,489 shares of the technology company’s stock worth $1,407,000 after buying an additional 2,539 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Ichor Holdings 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 buying an additional 2,600 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Ichor Holdings by 22.6% in the third quarter. Rhumbline Advisers now owns 14,502 shares of the technology company’s stock worth $389,000 after buying an additional 2,675 shares in the last quarter. 85.74% of the stock is currently owned by hedge funds and other institutional investors.
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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