Ichor (NASDAQ:ICHR) Upgraded by StockNews.com to Hold Rating

by · The Cerbat Gem

Ichor (NASDAQ:ICHR – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

A number of other equities research analysts have also recently commented on the company. TD Cowen decreased 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 restated a “hold” rating on shares of Ichor in a research report on Wednesday, February 5th. Three equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.29.

Get Our Latest Report on Ichor

Ichor Trading Up 1.4 %

ICHR stock traded up $0.31 during midday trading on Wednesday, reaching $22.61. The stock had a trading volume of 202,866 shares, compared to its average volume of 295,730. The firm has a market cap of $768.81 million, a price-to-earnings ratio of -34.78 and a beta of 1.88. Ichor has a twelve month low of $21.48 and a twelve month high of $42.70. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $28.66 and a two-hundred day simple moving average of $30.08.

Ichor (NASDAQ:ICHR – Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. As a group, research analysts expect that Ichor will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jorge Titinger sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the transaction, the director now directly owns 9,832 shares in the company, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ICHR. Intech Investment Management LLC bought a new position in shares of Ichor in the 3rd quarter valued at about $209,000. Charles Schwab Investment Management Inc. lifted its stake in Ichor by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 472,757 shares of the technology company’s stock valued at $15,038,000 after purchasing an additional 26,951 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Ichor by 74.8% during the third quarter. BNP Paribas Financial Markets now owns 24,870 shares of the technology company’s stock worth $791,000 after purchasing an additional 10,643 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ichor by 28.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after buying an additional 1,068 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Ichor by 65.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,904 shares of the technology company’s stock valued at $1,746,000 after buying an additional 21,810 shares during the period. 94.81% of the stock is currently owned by institutional investors.

About Ichor

(Get Free Report)

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.

Featured Articles