Ichor Holdings, Ltd. (NASDAQ:ICHR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have earned a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $43.1429.

ICHR has been the topic of several analyst reports. Zacks Research upgraded shares of Ichor from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. TD Cowen reiterated a “buy” rating on shares of Ichor in a research report on Tuesday, February 10th. Needham & Company LLC increased their price objective on Ichor from $36.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Craig Hallum restated a “buy” rating and issued a $36.00 target price on shares of Ichor in a research report on Wednesday, January 14th. Finally, DA Davidson lifted their target price on Ichor from $30.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th.

Ichor Stock Up 11.8%

ICHR stock opened at $47.62 on Friday. The company has a quick ratio of 1.38, a current ratio of 3.16 and a debt-to-equity ratio of 0.18. Ichor has a fifty-two week low of $13.12 and a fifty-two week high of $55.33. The firm’s 50-day simple moving average is $38.18 and its 200 day simple moving average is $25.29. The stock has a market cap of $1.65 billion, a PE ratio of -30.92 and a beta of 1.76.

Insider Activity at Ichor

In related news, CFO Greg Swyt sold 3,000 shares of Ichor stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $51.20, for a total transaction of $153,600.00. Following the sale, the chief financial officer directly owned 78,679 shares in the company, valued at $4,028,364.80. The trade was a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Bruce Ragsdale sold 21,276 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $49.66, for a total transaction of $1,056,566.16. Following the completion of the sale, the chief operating officer directly owned 97,661 shares of the company’s stock, valued at $4,849,845.26. The trade was a 17.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 120,259 shares of company stock valued at $5,689,250. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Ichor

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in Ichor by 47.6% during the second quarter. JPMorgan Chase & Co. now owns 699,511 shares of the technology company’s stock worth $13,738,000 after purchasing an additional 225,738 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in Ichor during the 3rd quarter valued at $3,877,000. Bank of New York Mellon Corp increased its position in shares of Ichor by 143.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 515,638 shares of the technology company’s stock valued at $10,127,000 after purchasing an additional 304,228 shares during the period. Quantbot Technologies LP increased its position in shares of Ichor by 229.7% during the 3rd quarter. Quantbot Technologies LP now owns 107,999 shares of the technology company’s stock valued at $1,892,000 after purchasing an additional 75,240 shares during the period. Finally, Harvey Partners LLC bought a new stake in shares of Ichor in the 3rd quarter worth $3,189,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Company Profile

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.