Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $42.29.

A number of brokerages have issued reports on ICHR. TD Cowen lowered their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a research report on Wednesday, February 5th. Finally, StockNews.com cut shares of Ichor from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th.

Ichor Trading Down 0.7 %

NASDAQ:ICHR opened at $25.18 on Friday. The company has a 50-day moving average price of $29.29 and a 200-day moving average price of $30.22. The stock has a market cap of $856.20 million, a price-to-earnings ratio of -38.74 and a beta of 1.91. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. Ichor has a 12 month low of $24.61 and a 12 month high of $42.70.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. Equities analysts predict that Ichor will post 1.01 EPS for the current year.

Insider Buying and Selling

In other news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the sale, the director now directly owns 9,832 shares of the company’s stock, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of Ichor

A number of large investors have recently made changes to their positions in ICHR. Oberweis Asset Management Inc. bought a new stake in Ichor during the fourth quarter worth approximately $10,884,000. Raymond James Financial Inc. purchased a new position in shares of Ichor in the 4th quarter worth approximately $8,489,000. JPMorgan Chase & Co. raised its holdings in Ichor by 73.6% during the 4th quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company’s stock valued at $19,030,000 after buying an additional 250,383 shares during the period. Royce & Associates LP lifted its position in Ichor by 20.2% in the fourth quarter. Royce & Associates LP now owns 864,245 shares of the technology company’s stock worth $27,846,000 after buying an additional 145,278 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Ichor by 18.7% during the fourth quarter. Nuveen Asset Management LLC now owns 777,289 shares of the technology company’s stock worth $25,044,000 after buying an additional 122,280 shares during the period. 94.81% of the stock is currently owned by institutional investors.

Ichor Company Profile

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.