BidaskClub Downgrades Ichor (NASDAQ:ICHR) to Sell

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BidaskClub cut shares of Ichor (NASDAQ:ICHR) from a hold rating to a sell rating in a research note issued to investors on Friday morning, BidAskClub reports.

Other analysts have also recently issued research reports about the stock. B. Riley began coverage on shares of Ichor in a report on Thursday, May 16th. They set a buy rating and a $32.00 target price on the stock. DA Davidson began coverage on Ichor in a research report on Thursday, March 7th. They issued a buy rating and a $30.00 price target for the company. Zacks Investment Research raised Ichor from a strong sell rating to a hold rating in a research report on Wednesday, April 10th. ValuEngine raised Ichor from a sell rating to a hold rating in a research report on Wednesday, March 20th. Finally, Northland Securities lowered Ichor from an outperform rating to a market perform rating and lifted their price target for the stock from $22.00 to $25.00 in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $28.00.

Shares of ICHR stock opened at $21.83 on Friday. Ichor has a 12 month low of $14.23 and a 12 month high of $26.25. The firm has a market cap of $488.56 million, a PE ratio of 7.82 and a beta of 2.82. The company has a current ratio of 2.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.98.

Ichor (NASDAQ:ICHR) last announced its earnings results on Tuesday, May 7th. The technology company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.06). Ichor had a net margin of 6.07% and a return on equity of 22.62%. The business had revenue of $137.80 million for the quarter, compared to the consensus estimate of $135.39 million. During the same quarter last year, the firm posted $1.03 EPS. The business’s quarterly revenue was down 46.6% on a year-over-year basis. As a group, analysts expect that Ichor will post 1.12 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of ICHR. SevenBridge Financial Group LLC raised its position in shares of Ichor by 212.5% in the 4th quarter. SevenBridge Financial Group LLC now owns 3,750 shares of the technology company’s stock worth $61,000 after purchasing an additional 2,550 shares during the last quarter. Ellis Investment Partners LLC purchased a new position in shares of Ichor in the 1st quarter worth about $77,000. Riverhead Capital Management LLC raised its position in Ichor by 216.7% in the 1st quarter. Riverhead Capital Management LLC now owns 3,800 shares of the technology company’s stock worth $86,000 after buying an additional 2,600 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Ichor by 75,966.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,564 shares of the technology company’s stock worth $103,000 after buying an additional 4,558 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new position in Ichor in the 4th quarter worth about $142,000. 94.38% of the stock is owned by hedge funds and other institutional investors.

Ichor Company Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.

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