Shares of Ichor Holdings Ltd (NASDAQ:ICHR) have received an average recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $28.71.
A number of analysts recently commented on the stock. B. Riley assumed coverage on shares of Ichor in a report on Thursday, May 16th. They set a “buy” rating and a $32.00 price objective on the stock. BidaskClub raised shares of Ichor from a “hold” rating to a “buy” rating in a report on Friday, April 5th. DA Davidson assumed coverage on shares of Ichor in a report on Thursday, March 7th. They set a “buy” rating and a $30.00 price objective on the stock. ValuEngine raised shares of Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, Zacks Investment Research raised shares of Ichor from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 10th.
Institutional investors and hedge funds have recently made changes to their positions in the business. SevenBridge Financial Group LLC raised its position in Ichor by 212.5% during the fourth quarter. SevenBridge Financial Group LLC now owns 3,750 shares of the technology company’s stock worth $61,000 after acquiring an additional 2,550 shares during the last quarter. Ellis Investment Partners LLC acquired a new position in shares of Ichor in the first quarter valued at approximately $77,000. BNP Paribas Arbitrage SA raised its position in shares of Ichor by 75,966.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,564 shares of the technology company’s stock valued at $103,000 after buying an additional 4,558 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new position in Ichor during the fourth quarter worth approximately $142,000. Finally, Systematic Financial Management LP acquired a new position in Ichor during the first quarter worth approximately $160,000. Institutional investors own 94.27% of the company’s stock.
NASDAQ ICHR traded up $0.69 during trading on Friday, reaching $22.39. The company’s stock had a trading volume of 11,213 shares, compared to its average volume of 215,465. The company has a current ratio of 2.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $501.09 million, a price-to-earnings ratio of 8.03 and a beta of 2.82. Ichor has a twelve month low of $14.23 and a twelve month high of $26.25. The business’s fifty day moving average is $22.36.
Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). The business had revenue of $137.80 million during the quarter, compared to analyst estimates of $135.39 million. Ichor had a net margin of 6.07% and a return on equity of 22.62%. The company’s revenue for the quarter was down 46.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. On average, equities analysts predict that Ichor will post 1.12 earnings per share for the current fiscal year.
Ichor Company Profile
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 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 electroplating and cleaning.
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