Ichor (NASDAQ:ICHR) Upgraded at DA Davidson

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

Several other equities analysts also recently weighed in on the stock. Needham & Company LLC lowered their price target on shares of Ichor from $44.00 to $40.00 and set a buy rating on the stock in a report on Wednesday, August 7th. StockNews.com upgraded shares of Ichor from a sell rating to a hold rating in a research note on Wednesday, August 14th. Oppenheimer assumed coverage on Ichor in a research note on Wednesday. They issued a market perform rating and a $35.00 price target for the company. Finally, TD Cowen lowered their price objective on Ichor from $48.00 to $35.00 and set a buy rating on the stock in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $43.29.

Ichor Trading Up 14.3 %

NASDAQ:ICHR opened at $31.80 on Wednesday. Ichor has a one year low of $22.26 and a one year high of $46.43. The business has a fifty day moving average price of $30.45 and a 200-day moving average price of $35.64. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -17.97 and a beta of 1.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The business had revenue of $203.23 million during the quarter, compared to analysts’ expectations of $197.75 million. Sell-side analysts forecast that Ichor will post -0.22 EPS for the current year.

Institutional Trading of Ichor

Several hedge funds have recently bought and sold shares of the stock. Texas Permanent School Fund Corp raised its holdings in shares of Ichor by 1.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 25,761 shares of the technology company’s stock worth $995,000 after acquiring an additional 381 shares in the last quarter. Quarry LP raised its stake in Ichor by 99.5% during the second quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after purchasing an additional 433 shares in the last quarter. CWM LLC lifted its position in Ichor by 50.5% during the second quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after purchasing an additional 517 shares during the last quarter. Amalgamated Bank grew its stake in shares of Ichor by 6.1% in the 2nd quarter. Amalgamated Bank now owns 10,025 shares of the technology company’s stock worth $386,000 after buying an additional 577 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Ichor by 39.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock worth $102,000 after buying an additional 854 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

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.