A number of other research firms have also weighed in on ICHR. Stifel Nicolaus set a $31.00 price objective on shares of Ichor and gave the company a buy rating in a research report on Wednesday, August 7th. B. Riley began coverage on shares of Ichor in a research report on Thursday, May 16th. They issued a buy rating and a $32.00 price objective for the company. Needham & Company LLC set a $25.00 price objective on shares of Ichor and gave the company a buy rating in a research report on Wednesday, August 7th. Zacks Investment Research lowered shares of Ichor from a hold rating to a sell rating in a research report on Tuesday, July 23rd. Finally, DA Davidson lowered shares of Ichor from a buy rating to a neutral rating and cut their price objective for the company from $32.00 to $25.00 in a research report on Monday, July 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Ichor has an average rating of Hold and an average target price of $25.88.
Shares of NASDAQ ICHR opened at $26.26 on Friday. Ichor has a 12-month low of $14.23 and a 12-month high of $27.12. The company has a market capitalization of $589.41 million, a PE ratio of 9.41 and a beta of 2.78. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.29 and a quick ratio of 2.29. The firm’s 50-day moving average is $22.63 and its two-hundred day moving average is $23.00.
Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). The business had revenue of $139.20 million during the quarter, compared to analysts’ expectations of $138.31 million. Ichor had a net margin of 2.52% and a return on equity of 12.97%. The firm’s revenue for the quarter was down 44.1% on a year-over-year basis. During the same period last year, the company earned $1.02 EPS. On average, analysts forecast that Ichor will post 0.9 EPS for the current fiscal year.
In other news, CTO Philip Ryan Sr. Barros sold 15,338 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $23.18, for a total value of $355,534.84. Following the completion of the transaction, the chief technology officer now owns 56,475 shares of the company’s stock, valued at $1,309,090.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.50% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. River & Mercantile Asset Management LLP acquired a new position in Ichor during the second quarter worth approximately $1,445,000. Mackenzie Financial Corp acquired a new position in Ichor during the second quarter worth approximately $426,000. Nuveen Asset Management LLC acquired a new position in Ichor during the second quarter worth approximately $2,076,000. Morgan Stanley increased its position in Ichor by 830.1% during the second quarter. Morgan Stanley now owns 134,623 shares of the technology company’s stock worth $3,182,000 after purchasing an additional 120,149 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Ichor by 23.6% during the second quarter. AQR Capital Management LLC now owns 44,398 shares of the technology company’s stock worth $1,050,000 after purchasing an additional 8,468 shares during the last quarter. 88.17% of the stock is owned by hedge funds and other institutional investors.
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.
Receive News & Ratings for Ichor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ichor and related companies with MarketBeat.com's FREE daily email newsletter.