Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $30.62, but opened at $31.70. Ichor shares last traded at $31.40, with a volume of 21,484 shares trading hands.
A number of research analysts have commented on the company. Needham & Company LLC downgraded Ichor from a "buy" rating to a "hold" rating in a report on Monday. DA Davidson initiated coverage on shares of Ichor in a research note on Thursday, September 26th. They set a "buy" rating and a $50.00 target price for the company. Oppenheimer initiated coverage on shares of Ichor in a research report on Wednesday, September 25th. They issued a "market perform" rating and a $35.00 price target on the stock. B. Riley reaffirmed a "buy" rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Finally, TD Cowen raised their target price on shares of Ichor from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.57.
View Our Latest Analysis on ICHR
The firm's 50 day simple moving average is $32.28 and its 200 day simple moving average is $31.75. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -34.57 and a beta of 1.92. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18.
Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The business had revenue of $211.14 million during the quarter, compared to analyst estimates of $203.24 million. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) EPS. Sell-side analysts anticipate that Ichor Holdings, Ltd. will post -0.1 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Ichor by 157.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company's stock valued at $10,823,000 after purchasing an additional 208,328 shares during the period. State Street Corp raised its holdings in shares of Ichor by 1.8% during the third quarter. State Street Corp now owns 1,232,532 shares of the technology company's stock valued at $39,207,000 after acquiring an additional 21,804 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Ichor by 65.9% in the 3rd 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 acquiring an additional 21,810 shares in the last quarter. Foundry Partners LLC acquired a new position in Ichor in the 3rd quarter worth approximately $3,107,000. Finally, Mutual of America Capital Management LLC grew its position in Ichor by 50.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company's stock worth $3,865,000 after purchasing an additional 40,575 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.
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.
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