Needham & Company LLC Increases Ichor (NASDAQ:ICHR) Price Target to $42.00

Ichor (NASDAQ:ICHRGet Free Report) had its price target hoisted by investment analysts at Needham & Company LLC from $38.00 to $42.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s target price would indicate a potential upside of 1.94% from the company’s current price.

Several other equities research analysts have also recently weighed in on ICHR. TD Cowen increased their target price on Ichor from $31.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com cut Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.00.

View Our Latest Report on Ichor

Ichor Price Performance

Shares of Ichor stock opened at $41.20 on Wednesday. The company has a current ratio of 3.90, a quick ratio of 1.59 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.21 billion, a PE ratio of -28.03 and a beta of 2.01. The business’s 50-day moving average price is $32.96 and its 200-day moving average price is $31.34. Ichor has a 12 month low of $22.26 and a 12 month high of $41.34.

Ichor (NASDAQ:ICHRGet Free Report) last announced its quarterly earnings data on Monday, November 6th. The technology company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The firm had revenue of $196.76 million for the quarter, compared to the consensus estimate of $192.70 million. Ichor had a negative net margin of 5.30% and a negative return on equity of 0.87%. Sell-side analysts forecast that Ichor will post 0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Ichor

Several institutional investors and hedge funds have recently bought and sold shares of ICHR. First Eagle Investment Management LLC lifted its stake in shares of Ichor by 36.5% in the 4th quarter. First Eagle Investment Management LLC now owns 425,398 shares of the technology company’s stock valued at $14,306,000 after purchasing an additional 113,691 shares during the period. ARGA Investment Management LP increased its holdings in shares of Ichor by 167.5% in the 4th quarter. ARGA Investment Management LP now owns 27,005 shares of the technology company’s stock worth $908,000 after purchasing an additional 16,911 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Ichor by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,764,749 shares of the technology company’s stock worth $59,350,000 after buying an additional 56,725 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ichor by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 380,515 shares of the technology company’s stock valued at $12,797,000 after acquiring an additional 18,985 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Ichor by 20.9% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 9,696 shares of the technology company’s stock worth $326,000 after purchasing an additional 1,676 shares during the last quarter. Hedge funds and other institutional investors own 89.69% of the company’s stock.

About Ichor

(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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