Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $42.29.

ICHR has been the subject of several research reports. TD Cowen lowered their price objective on shares of Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Needham & Company LLC reiterated a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. Finally, StockNews.com cut Ichor from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th.

Ichor Stock Performance

Shares of ICHR opened at $22.30 on Friday. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The firm has a market cap of $758.27 million, a PE ratio of -34.31 and a beta of 1.91. Ichor has a 12 month low of $21.77 and a 12 month high of $42.70. The stock has a fifty day moving average price of $28.81 and a 200-day moving average price of $30.13.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. Equities research analysts predict that Ichor will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Ichor

In other news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the transaction, the director now directly owns 9,832 shares of the company’s stock, valued at $315,017.28. The trade was a 23.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oberweis Asset Management Inc. purchased a new position in shares of Ichor in the 4th quarter valued at about $10,884,000. Raymond James Financial Inc. purchased a new stake in shares of Ichor in the fourth quarter valued at approximately $8,489,000. JPMorgan Chase & Co. raised its stake in shares of Ichor by 73.6% during the 4th quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company’s stock worth $19,030,000 after buying an additional 250,383 shares during the period. Royce & Associates LP lifted its position in shares of Ichor by 20.2% during the 4th quarter. Royce & Associates LP now owns 864,245 shares of the technology company’s stock valued at $27,846,000 after buying an additional 145,278 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Ichor by 18.7% in the 4th quarter. Nuveen Asset Management LLC now owns 777,289 shares of the technology company’s stock valued at $25,044,000 after acquiring an additional 122,280 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.