BidaskClub upgraded shares of Ichor (NASDAQ:ICHR) from a sell rating to a hold rating in a report released on Thursday morning.
Several other research firms also recently commented on ICHR. Deutsche Bank raised their price objective on Ichor to $38.00 and gave the stock a buy rating in a research note on Thursday, January 18th. Cowen reissued a buy rating on shares of Ichor in a research note on Thursday, February 15th. Zacks Investment Research raised Ichor from a hold rating to a buy rating and set a $36.00 target price on the stock in a research note on Tuesday, January 23rd. Needham & Company LLC reissued a buy rating and set a $42.00 target price (up previously from $36.00) on shares of Ichor in a research note on Friday, January 19th. Finally, Stifel Nicolaus lifted their target price on Ichor from $36.00 to $37.00 and gave the company a buy rating in a research note on Thursday, February 8th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $38.33.
Ichor (NASDAQ:ICHR) opened at $25.75 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.03 and a quick ratio of 0.99. Ichor has a 12 month low of $16.82 and a 12 month high of $35.51. The company has a market capitalization of $666.72, a PE ratio of 13.14 and a beta of 5.49.
In other Ichor news, CFO Maurice Eugene Carson sold 17,300 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $26.38, for a total transaction of $456,374.00. Following the completion of the transaction, the chief financial officer now owns 47,922 shares in the company, valued at approximately $1,264,182.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dipanjan Deb sold 6,287 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $30.12, for a total value of $189,364.44. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $602,400. The disclosure for this sale can be found here. Insiders have sold a total of 63,927 shares of company stock worth $1,708,238 in the last three months. 5.80% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICHR. Paradigm Capital Management Inc. NY grew its holdings in Ichor by 76.1% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,596,100 shares of the technology company’s stock valued at $42,776,000 after buying an additional 689,500 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Ichor during the 3rd quarter valued at approximately $15,509,000. Vanguard Group Inc. grew its holdings in Ichor by 182.9% during the 2nd quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock valued at $9,700,000 after buying an additional 311,083 shares in the last quarter. Foundry Partners LLC purchased a new position in Ichor during the 3rd quarter valued at approximately $7,822,000. Finally, Systematic Financial Management LP grew its holdings in Ichor by 161.9% during the 3rd quarter. Systematic Financial Management LP now owns 455,909 shares of the technology company’s stock valued at $12,218,000 after buying an additional 281,864 shares in the last quarter. Institutional investors and hedge funds own 62.90% of the company’s stock.
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Ichor Company Profile
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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