Ichor (NASDAQ:ICHR) had its price objective boosted by B. Riley from to in a research note published on Tuesday, The Fly reports. They currently have a buy rating on the technology company’s stock. B. Riley also issued estimates for Ichor’s Q4 2019 earnings at $0.43 EPS, FY2019 earnings at $1.01 EPS, Q1 2020 earnings at $0.64 EPS, Q2 2020 earnings at $0.66 EPS, Q3 2020 earnings at $0.60 EPS, Q4 2020 earnings at $0.55 EPS and FY2020 earnings at $2.47 EPS.
Several other analysts have also recently weighed in on ICHR. ValuEngine raised shares of Ichor from a sell rating to a hold rating in a research note on Friday, January 3rd. Needham & Company LLC upped their price objective on shares of Ichor to $36.00 and gave the stock a buy rating in a research note on Wednesday, November 6th. BidaskClub cut shares of Ichor from a buy rating to a hold rating in a research note on Saturday, January 11th. DA Davidson raised shares of Ichor from a neutral rating to a buy rating and upped their price objective for the stock from $25.00 to $34.00 in a research note on Thursday, October 24th. Finally, Stifel Nicolaus upped their price objective on shares of Ichor from $37.00 to $40.00 and gave the stock a buy rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Ichor has an average rating of Buy and an average target price of $36.25.
Ichor stock traded down $0.57 on Tuesday, hitting $38.75. The company’s stock had a trading volume of 6,958 shares, compared to its average volume of 533,682. The firm has a market cap of $884.50 million, a P/E ratio of 14.09 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. The company has a fifty day moving average price of $32.97 and a 200-day moving average price of $27.27. Ichor has a one year low of $17.68 and a one year high of $39.83.
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 the Thomson Reuters’ consensus estimate of $0.22 by $0.08. The business had revenue of $154.46 million for the quarter, compared to analyst estimates of $149.96 million. Ichor had a net margin of 1.09% and a return on equity of 9.41%. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 EPS. Analysts anticipate that Ichor will post 1 EPS for the current year.
In other news, COO Kevin M. Canty sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $32.80, for a total transaction of $32,800.00. Following the sale, the chief operating officer now owns 46,379 shares in the company, valued at approximately $1,521,231.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ICHR. California Public Employees Retirement System acquired a new stake in Ichor during the 3rd quarter worth approximately $272,000. Russell Investments Group Ltd. lifted its position in shares of Ichor by 64.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 25,609 shares of the technology company’s stock worth $619,000 after buying an additional 10,017 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of Ichor by 24.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 548,100 shares of the technology company’s stock worth $13,253,000 after buying an additional 108,670 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Ichor by 1.2% in the third quarter. California State Teachers Retirement System now owns 34,295 shares of the technology company’s stock valued at $829,000 after buying an additional 410 shares during the period. Finally, State Street Corp increased its position in Ichor by 0.6% in the 3rd quarter. State Street Corp now owns 655,066 shares of the technology company’s stock valued at $15,839,000 after acquiring an additional 3,727 shares during the period. 85.69% of the stock is owned by 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.
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