Ichor’s (ICHR) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Ichor (NASDAQ:ICHR) in a research report sent to investors on Wednesday morning,Benzinga reports.

Several other analysts have also recently commented on ICHR. B. Riley reaffirmed a “buy” rating and issued a $38.00 target price (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. TD Cowen reduced their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

Ichor Stock Performance

Shares of NASDAQ ICHR opened at $32.40 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -34.84 and a beta of 1.91. The stock’s fifty day simple moving average is $31.34 and its 200 day simple moving average is $30.63. Ichor has a 52-week low of $25.95 and a 52-week high of $46.43.

Ichor (NASDAQ:ICHR) last issued its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. As a group, sell-side analysts forecast that Ichor will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Ichor

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the transaction, the director now directly owns 9,832 shares in the company, valued at $315,017.28. This trade represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Ichor

Several institutional investors have recently bought and sold shares of ICHR. Sei Investments Co. bought a new position in shares of Ichor in the second quarter worth about $300,000. AQR Capital Management LLC bought a new position in shares of Ichor in the second quarter worth about $1,166,000. Millennium Management LLC bought a new position in shares of Ichor in the second quarter worth about $6,382,000. The Manufacturers Life Insurance Company increased its stake in shares of Ichor by 16.3% in the second quarter. The Manufacturers Life Insurance Company now owns 17,001 shares of the technology company’s stock worth $655,000 after purchasing an additional 2,382 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Ichor by 65.0% in the third quarter. SG Americas Securities LLC now owns 15,440 shares of the technology company’s stock worth $491,000 after purchasing an additional 6,082 shares during the period. 94.81% of the stock is currently owned by institutional investors.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.