Shares of Ichor Holdings Ltd (NASDAQ:ICHR) have been given an average rating of “Hold” by the nine research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $33.80.
Several equities research analysts have weighed in on the stock. Cowen lowered their target price on shares of Ichor from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Wednesday, November 7th. Royal Bank of Canada downgraded shares of Ichor from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $28.00 to $20.00 in a research note on Wednesday, November 7th. BidaskClub upgraded shares of Ichor from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. Zacks Investment Research downgraded shares of Ichor from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. Finally, Stifel Nicolaus set a $41.00 price objective on shares of Ichor and gave the stock a “buy” rating in a research note on Tuesday, October 23rd.
ICHR traded up $0.27 during trading on Monday, hitting $18.47. The stock had a trading volume of 34,312 shares, compared to its average volume of 648,195. The company has a market cap of $415.92 million, a price-to-earnings ratio of 7.64 and a beta of 3.80. Ichor has a twelve month low of $15.10 and a twelve month high of $34.78. The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 0.82.
In related news, Director Marc Haugen acquired 5,975 shares of the stock in a transaction dated Friday, November 9th. The stock was acquired at an average cost of $16.68 per share, for a total transaction of $99,663.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeff Andreson acquired 6,500 shares of the stock in a transaction dated Tuesday, November 13th. The shares were bought at an average price of $15.90 per share, with a total value of $103,350.00. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of ICHR. BlackRock Inc. lifted its position in Ichor by 121.1% during the third quarter. BlackRock Inc. now owns 3,545,139 shares of the technology company’s stock valued at $72,393,000 after purchasing an additional 1,941,439 shares during the period. Dimensional Fund Advisors LP lifted its position in Ichor by 103.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,158,654 shares of the technology company’s stock valued at $24,587,000 after purchasing an additional 587,943 shares during the period. FMR LLC acquired a new position in Ichor during the third quarter valued at $11,580,000. Thompson Siegel & Walmsley LLC acquired a new position in Ichor during the third quarter valued at $9,969,000. Finally, Vanguard Group Inc. lifted its position in Ichor by 33.5% during the third quarter. Vanguard Group Inc. now owns 1,552,282 shares of the technology company’s stock valued at $31,698,000 after purchasing an additional 389,343 shares during the period. Institutional investors own 99.72% of the company’s stock.
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, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.
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