Ichor Holdings, Ltd. (NASDAQ:ICHR)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a report released on Tuesday. They presently have a $32.00 price target on the technology company’s stock, up from their previous price target of $26.00. Deutsche Bank AG’s price target suggests a potential upside of 5.96% from the company’s current price.
Several other research firms have also recently weighed in 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 report on Monday, July 31st. Cowen and Company set a $25.00 price target on Ichor Holdings and gave the company a “buy” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and set a $24.00 price target on shares of Ichor Holdings in a report on Friday, June 16th. Stifel Nicolaus raised their price target on Ichor Holdings from $24.00 to $26.00 and gave the company a “buy” rating in a report on Monday, July 10th. Finally, Zacks Investment Research cut Ichor Holdings from a “strong-buy” rating to a “sell” rating in a report on Friday, July 7th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $28.17.
Shares of Ichor Holdings (NASDAQ ICHR) opened at 30.20 on Tuesday. Ichor Holdings has a 52-week low of $9.76 and a 52-week high of $31.68. The company has a 50-day moving average price of $25.70 and a 200-day moving average price of $25.70. The company has a market cap of $758.47 million and a P/E ratio of 17.37.
Ichor Holdings (NASDAQ:ICHR) last released its quarterly earnings results on Thursday, August 10th. The technology company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.02). The business had revenue of $159.70 million during the quarter, compared to analyst estimates of $159.36 million. Ichor Holdings’s revenue was up 67.4% on a year-over-year basis. On average, equities analysts predict that Ichor Holdings will post $2.42 EPS for the current year.
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In other news, Director Iain Mackenzie sold 4,680 shares of Ichor Holdings stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $27.11, for a total value of $126,874.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dipanjan Deb sold 5,423,692 shares of Ichor Holdings stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $18.50, for a total value of $100,338,302.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,534,817 shares of company stock valued at $121,578,383. Company insiders own 5.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in ICHR. Bank of New York Mellon Corp purchased a new position in shares of Ichor Holdings in the 1st quarter worth approximately $376,000. Westpac Banking Corp purchased a new position in shares of Ichor Holdings in the 1st quarter worth approximately $334,000. TIAA CREF Investment Management LLC purchased a new position in shares of Ichor Holdings in the 1st quarter worth approximately $219,000. Geode Capital Management LLC boosted its holdings in shares of Ichor Holdings by 538.3% in the 1st quarter. Geode Capital Management LLC now owns 70,649 shares of the technology company’s stock worth $1,400,000 after purchasing an additional 59,581 shares during the period. Finally, Symmetry Peak Management LLC purchased a new position in shares of Ichor Holdings in the 1st quarter worth approximately $397,000. Hedge funds and other institutional investors own 83.68% of the company’s stock.
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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