Ichor (NASDAQ:ICHR) Upgraded to “Strong-Buy” at DA Davidson

DA Davidson upgraded shares of Ichor (NASDAQ:ICHRFree Report) to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

ICHR has been the subject of a number of other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research report on Monday, December 29th. B. Riley Securities raised Ichor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $30.00 to $52.00 in a research report on Tuesday. B.Riley Securit upgraded shares of Ichor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Wall Street Zen cut Ichor from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Finally, Oppenheimer raised their price objective on Ichor from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.38.

Check Out Our Latest Report on ICHR

Ichor Stock Down 7.7%

Shares of NASDAQ:ICHR opened at $43.93 on Wednesday. The company’s fifty day moving average is $25.41 and its 200-day moving average is $20.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 3.16. Ichor has a 52 week low of $13.12 and a 52 week high of $48.72. The company has a market capitalization of $1.51 billion, a PE ratio of -28.53 and a beta of 1.89.

Insider Activity at Ichor

In related news, Director Thomas M. Rohrs sold 53,908 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was 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 directly owned 53,024 shares in the company, valued at approximately $2,411,531.52. The trade was a 50.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Iain Mackenzie acquired 10,000 shares of the stock in a transaction on Monday, November 17th. The shares were bought at an average price of $14.53 per share, for a total transaction of $145,300.00. Following the purchase, the director owned 130,011 shares in the company, valued at approximately $1,889,059.83. This trade represents a 8.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ichor

A number of large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Ichor in the 4th quarter valued at approximately $26,000. Fuller & Thaler Asset Management Inc. bought a new position in Ichor in the fourth quarter valued at approximately $252,000. Swiss National Bank raised its position in Ichor by 3.5% during the fourth quarter. Swiss National Bank now owns 67,700 shares of the technology company’s stock valued at $1,248,000 after purchasing an additional 2,300 shares in the last quarter. Nuveen LLC lifted its stake in Ichor by 6.7% during the fourth quarter. Nuveen LLC now owns 1,137,451 shares of the technology company’s stock worth $20,963,000 after purchasing an additional 71,238 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Ichor by 15.3% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,957,656 shares of the technology company’s stock valued at $36,080,000 after purchasing an additional 259,417 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor News Summary

Here are the key news stories impacting Ichor this week:

Ichor Company Profile

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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.

Further Reading

Analyst Recommendations for Ichor (NASDAQ:ICHR)

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