Ichor (ICHR) Lowered to “Hold” at BidaskClub

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Ichor (NASDAQ:ICHR) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

ICHR has been the topic of several other reports. ValuEngine upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Zacks Investment Research upgraded shares of Ichor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Needham & Company LLC began coverage on shares of Ichor in a research report on Friday, December 21st. They set a “buy” rating and a $22.00 target price on the stock. DA Davidson began coverage on shares of Ichor in a research report on Thursday. They set a “buy” rating on the stock. Finally, Cowen decreased their target price on shares of Ichor from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.80.

Shares of Ichor stock traded down $1.43 during trading on Thursday, hitting $19.00. 444,794 shares of the company’s stock traded hands, compared to its average volume of 472,506. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.03 and a current ratio of 2.41. Ichor has a twelve month low of $14.23 and a twelve month high of $30.50. The firm has a market cap of $494.31 million, a P/E ratio of 6.81 and a beta of 2.90.

Ichor (NASDAQ:ICHR) last issued its earnings results on Wednesday, February 6th. The technology company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.04). Ichor had a net margin of 7.03% and a return on equity of 30.78%. The business had revenue of $141.40 million for the quarter, compared to analyst estimates of $144.20 million. During the same quarter last year, the firm posted $0.70 earnings per share. Ichor’s revenue was down 22.7% on a year-over-year basis. On average, equities analysts forecast that Ichor will post 1.56 earnings per share for the current fiscal year.

In other Ichor news, COO Kevin M. Canty sold 1,750 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $21.89, for a total value of $38,307.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Philip Ryan Sr. Barros sold 28,457 shares of the business’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $21.57, for a total transaction of $613,817.49. Following the completion of the transaction, the chief technology officer now owns 33,062 shares in the company, valued at $713,147.34. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in ICHR. BlackRock Inc. boosted its position in Ichor by 121.1% in the third quarter. BlackRock Inc. now owns 3,545,139 shares of the technology company’s stock valued at $72,393,000 after buying an additional 1,941,439 shares in the last quarter. FMR LLC acquired a new position in Ichor in the third quarter valued at about $11,580,000. Thompson Siegel & Walmsley LLC acquired a new position in Ichor in the third quarter valued at about $9,969,000. Peregrine Capital Management LLC acquired a new position in Ichor in the fourth quarter valued at about $7,653,000. Finally, Vanguard Group Inc boosted its position in Ichor by 33.5% in the third quarter. Vanguard Group Inc now owns 1,552,282 shares of the technology company’s stock valued at $31,698,000 after buying an additional 389,343 shares in the last quarter. Hedge funds and other institutional investors own 98.70% of the company’s stock.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.

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Analyst Recommendations for Ichor (NASDAQ:ICHR)

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