Cowen and Company reaffirmed their outperform rating on shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) in a report published on Friday, Marketbeat Ratings reports. Cowen and Company currently has a $40.00 price target on the technology company’s stock, up from their prior price target of $38.00.
Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada reissued a buy rating and set a $37.00 target price on shares of Ichor Holdings in a research note on Friday, October 20th. Needham & Company LLC increased their target price on shares of Ichor Holdings from $30.00 to $36.00 and gave the stock a buy rating in a research note on Friday, October 13th. Zacks Investment Research raised shares of Ichor Holdings from a hold rating to a buy rating and set a $34.00 target price on the stock in a research note on Thursday, October 12th. Deutsche Bank AG reissued a buy rating and set a $32.00 target price (up from $26.00) on shares of Ichor Holdings in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus increased their target price on shares of Ichor Holdings from $26.00 to $32.00 and gave the stock a buy rating in a research note on Wednesday, August 9th. Six analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus target price of $35.17.
Shares of Ichor Holdings (ICHR) traded down $1.84 on Friday, reaching $27.98. The company’s stock had a trading volume of 1,587,200 shares, compared to its average volume of 601,662. The firm has a market cap of $714.54 and a P/E ratio of 12.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.79 and a quick ratio of 0.96. Ichor Holdings has a 12 month low of $9.76 and a 12 month high of $35.51.
Ichor Holdings (NASDAQ:ICHR) last announced its quarterly earnings results on Thursday, November 9th. The technology company reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62. The company had revenue of $164.50 million for the quarter, compared to the consensus estimate of $165.16 million. Ichor Holdings had a return on equity of 34.76% and a net margin of 7.43%. Ichor Holdings’s quarterly revenue was up 55.6% compared to the same quarter last year. analysts predict that Ichor Holdings will post 2.4 earnings per share for the current fiscal year.
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In related news, CFO Maurice Eugene Carson sold 17,300 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $29.37, for a total value of $508,101.00. Following the transaction, the chief financial officer now directly owns 52,922 shares of the company’s stock, valued at approximately $1,554,319.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dipanjan Deb sold 799,564 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $18.50, for a total transaction of $14,791,934.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,059,687 shares of company stock worth $20,436,566. Corporate insiders own 5.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of ICHR. Paradigm Capital Management Inc. NY lifted its stake in Ichor Holdings by 2,598.2% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 906,600 shares of the technology company’s stock valued at $18,277,000 after buying an additional 873,000 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Ichor Holdings by 262.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 943,466 shares of the technology company’s stock worth $19,021,000 after purchasing an additional 683,466 shares in the last quarter. Vanguard Group Inc. lifted its stake in Ichor Holdings by 182.9% in the 2nd quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock worth $9,700,000 after purchasing an additional 311,083 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Ichor Holdings by 38.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,060,835 shares of the technology company’s stock worth $21,386,000 after purchasing an additional 292,351 shares in the last quarter. Finally, Foundry Partners LLC purchased a new position in Ichor Holdings in the 3rd quarter worth approximately $7,822,000. 85.74% of the stock is currently owned by hedge funds and other institutional investors.
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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