Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Average Rating of “Moderate Buy” from Analysts

Ichor Holdings, Ltd. (NASDAQ:ICHR) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $37.83.

Several research analysts have weighed in on the company. StockNews.com downgraded Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. TheStreet downgraded Ichor from a “b-” rating to a “c+” rating in a report on Friday, August 11th. Needham & Company LLC cut their price target on Ichor from $40.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Finally, Stifel Nicolaus boosted their price target on Ichor from $37.00 to $40.00 and gave the company a “buy” rating in a report on Monday, August 7th.

Ichor Trading Down 3.2 %

Shares of Ichor stock opened at $25.16 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.90 and a quick ratio of 1.59. Ichor has a 1 year low of $22.26 and a 1 year high of $39.73. The company has a market capitalization of $739.20 million, a P/E ratio of -43.38 and a beta of 2.01. The business has a 50 day moving average price of $27.84 and a 200 day moving average price of $31.90.

Insider Activity

In other news, CTO Philip Ryan Sr. Barros sold 14,965 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $34.46, for a total transaction of $515,693.90. Following the completion of the sale, the chief technology officer now directly owns 57,485 shares of the company’s stock, valued at approximately $1,980,933.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CTO Philip Ryan Sr. Barros sold 14,965 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $34.46, for a total transaction of $515,693.90. Following the completion of the sale, the chief technology officer now directly owns 57,485 shares of the company’s stock, valued at approximately $1,980,933.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas M. Rohrs sold 80,000 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $36.78, for a total transaction of $2,942,400.00. Following the sale, the director now directly owns 93,764 shares of the company’s stock, valued at $3,448,639.92. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Ichor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its position in Ichor by 1.6% in the 2nd quarter. Barclays PLC now owns 19,875 shares of the technology company’s stock valued at $746,000 after buying an additional 319 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Ichor by 48.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,155 shares of the technology company’s stock valued at $28,000 after buying an additional 376 shares during the last quarter. Tectonic Advisors LLC boosted its position in Ichor by 2.3% in the 3rd quarter. Tectonic Advisors LLC now owns 17,808 shares of the technology company’s stock valued at $551,000 after buying an additional 400 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in Ichor by 51.5% in the 2nd quarter. Harbor Investment Advisory LLC now owns 1,186 shares of the technology company’s stock valued at $44,000 after buying an additional 403 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in Ichor by 5.9% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 9,023 shares of the technology company’s stock valued at $338,000 after buying an additional 504 shares during the last quarter. 89.69% 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. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning.