Ichor Holdings, Ltd. (NASDAQ:ICHR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Rating) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $36.43.

Several analysts have recently issued reports on ICHR shares. Stifel Nicolaus reduced their price objective on Ichor from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, April 18th. TD Cowen cut their price target on Ichor from $40.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 10th. DA Davidson raised their price target on Ichor from $31.00 to $40.00 in a research note on Wednesday, February 8th. B. Riley raised their price target on Ichor from $33.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, February 8th. Finally, Needham & Company LLC cut their target price on Ichor from $40.00 to $32.00 in a research report on Wednesday, May 10th.

Ichor Trading Down 2.3 %

Shares of Ichor stock opened at $30.85 on Monday. The firm has a market capitalization of $896.50 million, a price-to-earnings ratio of 13.83 and a beta of 1.95. Ichor has a fifty-two week low of $21.03 and a fifty-two week high of $39.73. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.68 and a current ratio of 3.97. The stock has a 50 day moving average of $29.19 and a 200 day moving average of $30.03.

Insider Buying and Selling at Ichor

In other news, Director Wendy Arienzo sold 7,899 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $32.88, for a total transaction of $259,719.12. Following the transaction, the director now owns 8,924 shares in the company, valued at approximately $293,421.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Ichor news, Director Wendy Arienzo sold 7,899 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $32.88, for a total value of $259,719.12. Following the transaction, 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 SEC, which is available through this link. Also, Director Marc Haugen sold 5,544 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $27.90, for a total transaction of $154,677.60. Following the transaction, the director now owns 25,948 shares in the company, valued at $723,949.20. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Ichor

Several large investors have recently bought and sold shares of ICHR. Quantbot Technologies LP acquired a new position in Ichor during the third quarter worth $71,000. New York State Common Retirement Fund lifted its stake in Ichor by 1.2% in the fourth quarter. New York State Common Retirement Fund now owns 39,117 shares of the technology company’s stock valued at $1,049,000 after acquiring an additional 449 shares during the last quarter. Telos Capital Management Inc. lifted its stake in Ichor by 30.1% in the fourth quarter. Telos Capital Management Inc. now owns 16,829 shares of the technology company’s stock valued at $451,000 after acquiring an additional 3,896 shares during the last quarter. Natixis Advisors L.P. lifted its stake in shares of Ichor by 81.6% during the 4th quarter. Natixis Advisors L.P. now owns 148,194 shares of the technology company’s stock worth $3,974,000 after buying an additional 66,578 shares during the last quarter. Finally, Aurora Investment Counsel lifted its stake in shares of Ichor by 5.4% during the 3rd quarter. Aurora Investment Counsel now owns 21,885 shares of the technology company’s stock worth $530,000 after buying an additional 1,115 shares during the last quarter. 83.39% of the stock is currently owned by institutional investors and hedge funds.

About Ichor

(Get Rating)

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.