Stifel Nicolaus Has Lowered Expectations for Ichor (NASDAQ:ICHR) Stock Price

Ichor (NASDAQ:ICHR) had its price target dropped by stock analysts at Stifel Nicolaus from $35.00 to $28.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 68.83% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. TD Cowen dropped their target price on shares of Ichor from $38.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday. Oppenheimer cut their target price on shares of Ichor from $35.00 to $25.00 and set a “market perform” rating for the company in a research report on Friday, April 11th. StockNews.com downgraded Ichor from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Ichor has a consensus rating of “Moderate Buy” and an average target price of $36.29.

Ichor Stock Up 3.7 %

Shares of NASDAQ:ICHR opened at $16.59 on Tuesday. The company has a market cap of $565.76 million, a price-to-earnings ratio of -25.52 and a beta of 1.83. Ichor has a one year low of $15.38 and a one year high of $42.70. The firm has a fifty day moving average price of $22.10 and a two-hundred day moving average price of $28.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49.

Ichor (NASDAQ:ICHR) last posted its earnings results on Monday, May 5th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $244.47 million for the quarter, compared to analysts’ expectations of $244.95 million. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. Ichor’s quarterly revenue was up 21.4% compared to the same quarter last year. Analysts anticipate that Ichor will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at Ichor

In other news, Director Jorge Titinger sold 3,000 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the sale, the director now owns 9,832 shares of the company’s stock, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Ichor

A number of large investors have recently bought and sold shares of ICHR. KBC Group NV boosted its stake in shares of Ichor by 83.5% during the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after purchasing an additional 949 shares during the period. Quarry LP boosted its position in Ichor by 54.9% during the 4th quarter. Quarry LP now owns 2,426 shares of the technology company’s stock valued at $78,000 after buying an additional 860 shares during the period. Globeflex Capital L P bought a new stake in Ichor in the 4th quarter worth $93,000. Tower Research Capital LLC TRC increased its position in shares of Ichor by 52.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock valued at $147,000 after acquiring an additional 1,578 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Ichor during the fourth quarter valued at about $193,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Company Profile

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.