Ichor (NASDAQ:ICHR) Rating Reiterated by B. Riley

Ichor (NASDAQ:ICHRGet Free Report)‘s stock had its “neutral” rating reiterated by B. Riley in a research note issued on Friday, Benzinga reports. They presently have a $40.00 price objective on the technology company’s stock, up from their previous price objective of $36.00. B. Riley’s target price points to a potential upside of 9.59% from the stock’s current price.

ICHR has been the topic of several other research reports. TD Cowen boosted their price target on shares of Ichor from $31.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Needham & Company LLC boosted their price target on shares of Ichor from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.00.

Read Our Latest Stock Analysis on ICHR

Ichor Trading Down 1.1 %

NASDAQ:ICHR opened at $36.50 on Friday. The company has a current ratio of 4.06, a quick ratio of 1.57 and a debt-to-equity ratio of 0.43. Ichor has a 12 month low of $22.26 and a 12 month high of $46.43. The company has a market cap of $1.08 billion, a PE ratio of -24.83 and a beta of 2.04. The company has a 50 day simple moving average of $39.51 and a two-hundred day simple moving average of $32.71.

Ichor (NASDAQ:ICHRGet Free Report) last released its earnings results on Tuesday, February 6th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13). Ichor had a negative net margin of 5.30% and a negative return on equity of 0.88%. The firm had revenue of $203.48 million for the quarter, compared to analysts’ expectations of $197.50 million. Research analysts forecast that Ichor will post 0.16 earnings per share for the current year.

Insider Activity

In other news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.39, for a total transaction of $327,988.14. Following the sale, the chief technology officer now directly owns 50,490 shares in the company, valued at approximately $2,291,741.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.39, for a total transaction of $327,988.14. Following the transaction, the chief technology officer now directly owns 50,490 shares in the company, valued at approximately $2,291,741.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Smith sold 23,433 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the transaction, the insider now owns 70,329 shares in the company, valued at $3,170,431.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,659 shares of company stock worth $3,652,848. 2.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ichor

Hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in Ichor during the 2nd quarter valued at about $28,000. Public Employees Retirement System of Ohio grew its stake in Ichor by 48.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,155 shares of the technology company’s stock worth $28,000 after acquiring an additional 376 shares in the last quarter. Signaturefd LLC grew its stake in Ichor by 207.2% in the 3rd quarter. Signaturefd LLC now owns 1,109 shares of the technology company’s stock worth $34,000 after acquiring an additional 748 shares in the last quarter. CWM LLC grew its stake in Ichor by 87.1% in the 4th quarter. CWM LLC now owns 1,100 shares of the technology company’s stock worth $37,000 after acquiring an additional 512 shares in the last quarter. Finally, UBS Group AG grew its stake in Ichor by 73.8% in the 3rd quarter. UBS Group AG now owns 1,582 shares of the technology company’s stock worth $39,000 after acquiring an additional 672 shares in the last quarter. 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 in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.

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