Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Rating) shares gapped down prior to trading on Wednesday after DA Davidson lowered their price target on the stock from $36.00 to $31.00. The stock had previously closed at $29.67, but opened at $25.61. Ichor shares last traded at $27.07, with a volume of 914 shares.
ICHR has been the subject of several other reports. Needham & Company LLC lifted their target price on shares of Ichor from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, November 9th. B. Riley cut their price objective on shares of Ichor from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, October 4th. Finally, StockNews.com started coverage on shares of Ichor in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.00.
Insiders Place Their Bets
In other Ichor news, Director Marc Haugen sold 5,390 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $28.31, for a total value of $152,590.90. Following the sale, the director now owns 29,742 shares in the company, valued at approximately $841,996.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.80% of the company’s stock.
Institutional Trading of Ichor
Hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio grew its holdings in Ichor by 48.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,155 shares of the technology company’s stock valued at $28,000 after purchasing an additional 376 shares during the last quarter. Signaturefd LLC grew its holdings in Ichor by 50.3% during the 3rd quarter. Signaturefd LLC now owns 1,174 shares of the technology company’s stock valued at $28,000 after purchasing an additional 393 shares during the last quarter. AQR Capital Management LLC grew its holdings in Ichor by 5.3% during the 2nd quarter. AQR Capital Management LLC now owns 10,131 shares of the technology company’s stock valued at $263,000 after purchasing an additional 507 shares during the last quarter. Ellevest Inc. grew its holdings in Ichor by 29.6% during the 2nd quarter. Ellevest Inc. now owns 2,379 shares of the technology company’s stock valued at $62,000 after purchasing an additional 543 shares during the last quarter. Finally, Texas Permanent School Fund grew its holdings in Ichor by 2.7% during the 2nd quarter. Texas Permanent School Fund now owns 20,693 shares of the technology company’s stock valued at $538,000 after purchasing an additional 552 shares during the last quarter. 83.39% of the stock is currently owned by hedge funds and other institutional investors.
Ichor Price Performance
The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.19 and a current ratio of 2.61. The firm has a market capitalization of $773.36 million, a P/E ratio of 10.63 and a beta of 2.02. The stock’s 50 day simple moving average is $27.99 and its 200 day simple moving average is $28.06.
Ichor (NASDAQ:ICHR – Get Rating) last issued its earnings results on Tuesday, November 8th. The technology company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.23. Ichor had a net margin of 5.81% and a return on equity of 18.77%. The business had revenue of $355.64 million for the quarter, compared to the consensus estimate of $339.98 million. As a group, analysts expect that Ichor Holdings, Ltd. will post 3.41 earnings per share for the current fiscal year.
About Ichor
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.