Ichor Holdings Ltd (NASDAQ:ICHR) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $36.89 and last traded at $36.47, with a volume of 15626 shares traded. The stock had previously closed at $30.90.
Several brokerages have recently commented on ICHR. ValuEngine raised shares of Ichor from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Zacks Investment Research cut shares of Ichor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 target price (up previously from $37.00) on shares of Ichor in a research note on Tuesday. BidaskClub cut shares of Ichor from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Needham & Company LLC boosted their target price on shares of Ichor to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $34.16.
The business’s 50 day simple moving average is $32.49 and its two-hundred day simple moving average is $27.04. The stock has a market cap of $691.49 million, a P/E ratio of 13.52 and a beta of 2.79. The company has a quick ratio of 0.98, a current ratio of 1.90 and a debt-to-equity ratio of 0.87.
Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, November 5th. The technology company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. The firm had revenue of $154.46 million for the quarter, compared to analysts’ expectations of $149.96 million. Ichor had a net margin of 1.09% and a return on equity of 9.41%. The company’s revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. As a group, research analysts forecast that Ichor Holdings Ltd will post 0.98 earnings per share for the current fiscal year.
In other news, COO Kevin M. Canty sold 1,000 shares of Ichor stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $32.80, for a total transaction of $32,800.00. Following the transaction, the chief operating officer now owns 46,379 shares in the company, valued at $1,521,231.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ichor by 81.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,995 shares of the technology company’s stock valued at $48,000 after buying an additional 895 shares during the period. Bank of Montreal Can increased its holdings in shares of Ichor by 83.9% in the 2nd quarter. Bank of Montreal Can now owns 4,734 shares of the technology company’s stock worth $112,000 after buying an additional 2,160 shares during the last quarter. Meadow Creek Investment Management LLC increased its holdings in shares of Ichor by 20.3% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 5,742 shares of the technology company’s stock worth $136,000 after buying an additional 968 shares during the last quarter. Glen Harbor Capital Management LLC increased its holdings in shares of Ichor by 20.3% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 7,308 shares of the technology company’s stock worth $173,000 after buying an additional 1,232 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Ichor during the 3rd quarter valued at $201,000. Institutional investors own 85.69% of the company’s stock.
About Ichor (NASDAQ:ICHR)
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.
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