Ichor (NASDAQ:ICHR) Research Coverage Started at StockNews.com

Posted by Eileen French on Mar 19th, 2023

StockNews.com began coverage on shares of Ichor (NASDAQ:ICHR – Get Rating) in a report released on Thursday morning. The brokerage issued a hold rating on the technology company’s stock.

A number of other equities analysts have also recently weighed in on the company. B. Riley upped their price target on Ichor from $33.00 to $37.00 and gave the stock a neutral rating in a report on Wednesday, February 8th. Needham & Company LLC upped their price target on Ichor from $34.00 to $40.00 and gave the stock a buy rating in a report on Wednesday, February 8th. Stifel Nicolaus started coverage on Ichor in a research note on Tuesday, January 17th. They set a buy rating and a $37.00 price objective for the company. DA Davidson boosted their price objective on Ichor from $31.00 to $40.00 in a research note on Wednesday, February 8th. Finally, Cowen boosted their price objective on Ichor from $32.00 to $40.00 and gave the stock an outperform rating in a research note on Wednesday, February 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $38.33.

Ichor Stock Performance

Shares of ICHR stock opened at $29.59 on Thursday. The stock has a market cap of $858.11 million, a PE ratio of 11.79 and a beta of 1.97. The business has a 50-day simple moving average of $32.76 and a 200-day simple moving average of $29.00. The company has a quick ratio of 1.38, a current ratio of 3.09 and a debt-to-equity ratio of 0.50. Ichor has a 52-week low of $21.03 and a 52-week high of $39.73.

Ichor (NASDAQ:ICHR – Get Rating) last released its quarterly earnings results on Tuesday, February 7th. The technology company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $301.72 million during the quarter, compared to analysts’ expectations of $300.50 million. Ichor had a return on equity of 17.02% and a net margin of 5.69%. On average, equities analysts expect that Ichor will post 1.02 EPS for the current year.

Insider Activity

In other news, Director Wendy Arienzo sold 7,899 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $32.88, for a total value of $259,719.12. Following the completion of the sale, the director now directly owns 8,924 shares in the company, valued at $293,421.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Ichor

A number of large investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in Ichor by 16.8% in the second quarter. FMR LLC now owns 2,654,548 shares of the technology company’s stock valued at $68,966,000 after acquiring an additional 381,711 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Ichor by 18.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,456,238 shares of the technology company’s stock valued at $39,056,000 after acquiring an additional 228,828 shares during the last quarter. Millennium Management LLC acquired a new position in Ichor in the fourth quarter valued at approximately $4,995,000. Brandywine Global Investment Management LLC lifted its holdings in Ichor by 228.8% in the second quarter. Brandywine Global Investment Management LLC now owns 230,591 shares of the technology company’s stock valued at $5,991,000 after acquiring an additional 160,452 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Ichor by 5.1% in the third quarter. Vanguard Group Inc. now owns 2,264,156 shares of the technology company’s stock valued at $54,816,000 after acquiring an additional 110,474 shares during the last quarter. 83.39% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Company Profile

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Ichor Holdings Ltd. engages in designing, engineering, and manufacturing fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems, which are key elements of the process tools used in the manufacturing of semiconductor devices. The firm also manufactures precision machined components, weldments, and proprietary products for use in fluid delivery systems for direct sales to its customers.