Ichor (NASDAQ:ICHR) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Ichor (NASDAQ:ICHR) in a research note released on Wednesday morning,Benzinga reports.

Several other equities research analysts have also weighed in on ICHR. TD Cowen cut their target price on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. B. Riley reissued a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ichor presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.29.

Ichor Stock Performance

Shares of Ichor stock opened at $32.28 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.64 and a quick ratio of 1.69. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -34.71 and a beta of 1.91. The business has a 50-day moving average of $31.33 and a 200 day moving average of $30.60. Ichor has a 12 month low of $25.95 and a 12 month high of $46.43.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. As a group, sell-side analysts forecast that Ichor will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On Ichor

Hedge funds have recently modified their holdings of the stock. Bailard Inc. acquired a new stake in Ichor during the 4th quarter valued at approximately $225,000. US Bancorp DE boosted its stake in shares of Ichor by 59.6% during the 4th quarter. US Bancorp DE now owns 16,873 shares of the technology company’s stock valued at $544,000 after buying an additional 6,302 shares during the last quarter. Versor Investments LP grew its position in shares of Ichor by 50.8% during the fourth quarter. Versor Investments LP now owns 18,700 shares of the technology company’s stock worth $603,000 after buying an additional 6,300 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Ichor by 1.6% in the fourth quarter. Bank of New York Mellon Corp now owns 218,218 shares of the technology company’s stock worth $7,031,000 after buying an additional 3,465 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its holdings in Ichor by 45.5% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 9,464 shares of the technology company’s stock valued at $305,000 after acquiring an additional 2,960 shares in the last quarter. 94.81% of the stock is currently 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.