Zacks Investment Research upgraded shares of Ichor (NASDAQ:ICHR) from a hold rating to a strong-buy rating in a report released on Wednesday morning. They currently have $28.00 target price on the technology company’s stock.
According to Zacks, “Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. Ichor Holdings, Ltd. is based in Fremont, United States. “
Other equities analysts also recently issued reports about the stock. Cowen upped their price objective on shares of Ichor from $27.00 to $38.00 and gave the company an outperform rating in a report on Wednesday, October 18th. Needham & Company LLC restated a buy rating and issued a $30.00 price target on shares of Ichor in a research note on Tuesday, September 19th. Royal Bank of Canada restated a buy rating and issued a $37.00 price target on shares of Ichor in a research note on Friday, October 20th. Finally, Deutsche Bank restated a buy rating and issued a $32.00 price target (up from $26.00) on shares of Ichor in a research note on Tuesday, October 10th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $34.17.
Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Thursday, November 9th. The technology company reported $0.62 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. Ichor had a net margin of 7.43% and a return on equity of 32.99%. The firm had revenue of $164.50 million for the quarter, compared to the consensus estimate of $165.16 million. The firm’s quarterly revenue was up 55.6% on a year-over-year basis. equities research analysts predict that Ichor will post 2.4 EPS for the current year.
In related news, insider Philip Ryan Sr. Barros sold 35,650 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $26.37, for a total value of $940,090.50. Following the transaction, the insider now directly owns 32,090 shares in the company, valued at $846,213.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Iain Mackenzie sold 4,680 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $27.11, for a total transaction of $126,874.80. The disclosure for this sale can be found here. Insiders sold 211,984 shares of company stock worth $5,862,666 over the last 90 days. 5.80% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Ichor during the third quarter worth about $107,000. C M Bidwell & Associates Ltd. bought a new stake in Ichor during the second quarter worth about $162,000. The Manufacturers Life Insurance Company bought a new stake in Ichor during the second quarter worth about $180,000. Royal Bank of Canada lifted its position in Ichor by 38.2% during the second quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock worth $189,000 after purchasing an additional 2,600 shares during the period. Finally, Hancock Holding Co. lifted its position in Ichor by 1.2% during the second quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock worth $208,000 after purchasing an additional 126 shares during the period. 75.43% of the stock is owned by institutional investors and hedge funds.
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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