Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $42.29.

ICHR has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Ichor in a report on Wednesday. B. Riley restated 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. Finally, TD Cowen decreased their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, January 17th.

Institutional Investors Weigh In On Ichor

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in Ichor by 157.9% during the third quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock worth $10,823,000 after buying an additional 208,328 shares in the last quarter. State Street Corp grew its holdings in Ichor by 1.8% during the third quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock worth $39,207,000 after buying an additional 21,804 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Ichor by 65.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,904 shares of the technology company’s stock worth $1,746,000 after buying an additional 21,810 shares in the last quarter. Foundry Partners LLC bought a new stake in Ichor during the third quarter worth $3,107,000. Finally, Mutual of America Capital Management LLC grew its holdings in Ichor by 50.1% during the third quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company’s stock worth $3,865,000 after buying an additional 40,575 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

Ichor Trading Up 14.4 %

Shares of ICHR stock opened at $32.28 on Thursday. The company has a market cap of $1.09 billion, a P/E ratio of -34.71 and a beta of 1.91. The stock has a 50 day simple moving average of $31.33 and a two-hundred day simple moving average of $30.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. Ichor has a fifty-two week low of $25.95 and a fifty-two week high of $46.43.

Ichor (NASDAQ:ICHR) last issued its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. Research analysts forecast that Ichor will post -0.28 earnings per share for the current year.

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.