Ichor (NASDAQ:ICHR) Price Target Raised to $42.00 at TD Cowen

Ichor (NASDAQ:ICHRGet Free Report) had its price objective raised by investment analysts at TD Cowen from $31.00 to $42.00 in a report released on Wednesday, Briefing.com reports. The brokerage presently has an “outperform” rating on the technology company’s stock. TD Cowen’s target price indicates a potential upside of 11.49% from the company’s current price.

A number of other research analysts also recently issued reports on ICHR. StockNews.com downgraded Ichor from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Needham & Company LLC dropped their price target on Ichor from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Ichor presently has an average rating of “Moderate Buy” and a consensus price target of $39.33.

Get Our Latest Research Report on ICHR

Ichor Price Performance

ICHR opened at $37.67 on Wednesday. Ichor has a 1 year low of $22.26 and a 1 year high of $39.84. The stock has a 50-day moving average price of $32.49 and a 200-day moving average price of $31.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.90 and a quick ratio of 1.59. The firm has a market cap of $1.11 billion, a PE ratio of -64.95 and a beta of 2.01.

Ichor (NASDAQ:ICHRGet Free Report) last issued its earnings results on Monday, November 6th. The technology company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). Ichor had a positive return on equity of 3.31% and a negative net margin of 1.86%. The business had revenue of $196.76 million during the quarter, compared to analysts’ expectations of $192.70 million. Sell-side analysts predict that Ichor will post -0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its holdings in Ichor by 9.4% during the 3rd quarter. FMR LLC now owns 3,103,779 shares of the technology company’s stock valued at $96,093,000 after buying an additional 265,677 shares during the period. Vanguard Group Inc. raised its holdings in Ichor by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,623,548 shares of the technology company’s stock valued at $81,225,000 after buying an additional 22,880 shares during the period. Dimensional Fund Advisors LP raised its holdings in Ichor by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,575,918 shares of the technology company’s stock valued at $59,097,000 after buying an additional 117,045 shares during the period. Alliancebernstein L.P. raised its holdings in Ichor by 18.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,456,238 shares of the technology company’s stock valued at $39,056,000 after buying an additional 228,828 shares during the period. Finally, Macquarie Group Ltd. raised its holdings in Ichor by 25.9% during the 1st quarter. Macquarie Group Ltd. now owns 1,232,284 shares of the technology company’s stock valued at $40,345,000 after buying an additional 253,478 shares during the period. 89.69% of the stock is currently owned by institutional investors.

Ichor Company Profile

(Get Free Report)

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning.

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Analyst Recommendations for Ichor (NASDAQ:ICHR)

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