Ichor Holdings, Ltd. (NASDAQ:ICHR)‘s stock had its “positive” rating restated by analysts at Needham & Company LLC in a note issued to investors on Monday, July 31st, The Fly reports. They presently have a $30.00 price target on the technology company’s stock, up from their prior price target of $25.00. Needham & Company LLC’s target price would indicate a potential upside of 54.48% from the stock’s current price.
A number of other brokerages have also recently commented on ICHR. Cowen and Company set a $25.00 price target on Ichor Holdings and gave the stock a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research cut Ichor Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Royal Bank Of Canada restated an “outperform” rating and issued a $22.00 price target (up previously from $19.00) on shares of Ichor Holdings in a research report on Sunday, April 2nd. Stifel Nicolaus increased their target price on Ichor Holdings from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $24.00 target price (up previously from $20.00) on shares of Ichor Holdings in a research report on Saturday, April 29th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $27.17.
Ichor Holdings (NASDAQ:ICHR) opened at 19.42 on Monday. Ichor Holdings has a 12-month low of $9.81 and a 12-month high of $29.73. The firm’s 50-day moving average price is $21.28 and its 200-day moving average price is $19.95. The stock has a market cap of $481.73 million and a price-to-earnings ratio of 10.45.
Ichor Holdings (NASDAQ:ICHR) last issued its quarterly earnings results on Thursday, August 10th. The technology company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $159.70 million during the quarter, compared to analyst estimates of $159.36 million. Ichor Holdings’s revenue was up 67.4% on a year-over-year basis. On average, equities analysts predict that Ichor Holdings will post $2.40 EPS for the current fiscal year.
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In other Ichor Holdings news, Director Dipanjan Deb sold 5,423,692 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $18.50, for a total transaction of $100,338,302.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Maurice Eugene Carson sold 51,438 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $18.50, for a total value of $951,603.00. Following the transaction, the insider now owns 96,438 shares of the company’s stock, valued at approximately $1,784,103. The disclosure for this sale can be found here. Insiders have sold 5,562,680 shares of company stock valued at $103,376,948 in the last quarter. 5.80% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Hancock Holding Co. boosted its position in Ichor Holdings by 1.2% in the second quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock valued at $208,000 after buying an additional 126 shares in the last quarter. AlphaOne Investment Services LLC boosted its position in Ichor Holdings by 1.2% in the first quarter. AlphaOne Investment Services LLC now owns 162,059 shares of the technology company’s stock valued at $3,214,000 after buying an additional 1,859 shares in the last quarter. BT Investment Management Ltd purchased a new position in Ichor Holdings during the second quarter valued at $223,000. TIAA CREF Investment Management LLC purchased a new position in Ichor Holdings during the first quarter valued at $219,000. Finally, Rhumbline Advisers purchased a new position in Ichor Holdings during the second quarter valued at $238,000. Institutional investors and hedge funds own 88.46% of the company’s stock.
Ichor Holdings Company Profile
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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