Ichor (NASDAQ:ICHR) Upgraded at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Ichor (NASDAQ:ICHR) from a hold rating to a buy rating in a research report report published on Tuesday, Marketbeat.com reports. They currently have $55.00 target price on the technology company’s stock, up from their prior target price of $30.00.

Several other analysts also recently weighed in on the company. Needham & Company LLC lifted their target price on Ichor from $36.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Wall Street Zen raised Ichor from a “strong sell” rating to a “hold” rating in a report on Sunday, February 15th. Oppenheimer lifted their price objective on shares of Ichor from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Tuesday, February 10th. Zacks Research raised shares of Ichor from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Finally, TD Cowen reiterated a “buy” rating on shares of Ichor in a research report on Tuesday, February 10th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ichor presently has an average rating of “Moderate Buy” and an average price target of $43.14.

Ichor Price Performance

NASDAQ ICHR opened at $51.12 on Tuesday. The company has a 50-day moving average price of $39.22 and a two-hundred day moving average price of $25.62. Ichor has a 52 week low of $13.12 and a 52 week high of $55.33. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -33.19 and a beta of 1.76. The company has a current ratio of 3.16, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18.

Insider Activity at Ichor

In other news, Director Marc Haugen sold 19,875 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $49.71, for a total value of $987,986.25. Following the sale, the director owned 26,085 shares of the company’s stock, valued at approximately $1,296,685.35. The trade was a 43.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas M. Rohrs sold 53,908 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $45.48, for a total value of $2,451,735.84. Following the completion of the sale, the director owned 53,024 shares of the company’s stock, valued at approximately $2,411,531.52. This trade represents a 50.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 120,259 shares of company stock worth $5,689,250 in the last quarter. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Ichor

Several large investors have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. acquired a new position in shares of Ichor in the 2nd quarter worth approximately $27,000. Steward Partners Investment Advisory LLC acquired a new stake in Ichor during the fourth quarter valued at approximately $26,000. Hantz Financial Services Inc. boosted its holdings in Ichor by 64.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock worth $28,000 after buying an additional 590 shares in the last quarter. Danske Bank A S bought a new stake in Ichor during the third quarter worth approximately $28,000. Finally, State of Wyoming boosted its holdings in Ichor by 607.7% during the fourth quarter. State of Wyoming now owns 3,234 shares of the technology company’s stock worth $60,000 after buying an additional 2,777 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

About Ichor

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.