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

Ichor Holdings, Ltd. (NASDAQ:ICHR) has earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $42.29.

Several analysts have recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $38.00 target price (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. TD Cowen reduced their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th.

Ichor Trading Down 2.3 %

Shares of ICHR opened at $32.00 on Thursday. The company has a current ratio of 3.34, a quick ratio of 1.69 and a debt-to-equity ratio of 0.17. Ichor has a 1-year low of $25.95 and a 1-year high of $46.43. The stock has a market capitalization of $1.08 billion, a P/E ratio of -49.23 and a beta of 1.91. The business’s 50-day moving average price is $31.25 and its 200 day moving average price is $30.52.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (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%. Analysts expect that Ichor will post 0.86 earnings per share for the current year.

Insider Buying and Selling at Ichor

In other news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the sale, the director now directly owns 9,832 shares in the company, valued at $315,017.28. The trade was a 23.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Ichor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ICHR. Sei Investments Co. acquired a new position in shares of Ichor during the 2nd quarter worth $300,000. AQR Capital Management LLC acquired a new position in Ichor during the second quarter worth $1,166,000. Millennium Management LLC bought a new position in Ichor during the second quarter valued at about $6,382,000. The Manufacturers Life Insurance Company raised its holdings in Ichor by 16.3% during the second quarter. The Manufacturers Life Insurance Company now owns 17,001 shares of the technology company’s stock valued at $655,000 after buying an additional 2,382 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Ichor by 65.0% in the third quarter. SG Americas Securities LLC now owns 15,440 shares of the technology company’s stock worth $491,000 after buying an additional 6,082 shares during the last quarter. 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.