Ichor (NASDAQ:ICHR) Price Target Raised to $45.00 at Stifel Nicolaus

Ichor (NASDAQ:ICHR) had its target price boosted by research analysts at Stifel Nicolaus from $40.00 to $45.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 17.80% from the stock’s current price.

ICHR has been the subject of a number of other reports. Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 price target on shares of Ichor in a report on Tuesday, March 19th. Craig Hallum initiated coverage on shares of Ichor in a report on Tuesday, April 9th. They set a “buy” rating and a $55.00 price target for the company. B. Riley reaffirmed a “neutral” rating and set a $40.00 price target (up from $36.00) on shares of Ichor in a report on Friday, March 15th. Finally, TD Cowen raised their price target on shares of Ichor from $31.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.80.

Ichor Price Performance

Ichor stock opened at $38.20 on Tuesday. Ichor has a 52-week low of $22.26 and a 52-week high of $46.43. The firm has a fifty day moving average of $40.54 and a 200-day moving average of $33.68. The firm has a market capitalization of $1.26 billion, a P/E ratio of -25.99 and a beta of 2.02. The company has a quick ratio of 1.57, a current ratio of 4.06 and a debt-to-equity ratio of 0.43.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.13). Ichor had a negative return on equity of 0.88% and a negative net margin of 5.30%. The business had revenue of $203.48 million during the quarter, compared to analyst estimates of $197.50 million. As a group, analysts predict that Ichor will post 0.23 EPS for the current year.

Insider Buying and Selling at Ichor

In other Ichor news, insider Christopher Smith sold 23,433 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the transaction, the insider now directly owns 70,329 shares in the company, valued at approximately $3,170,431.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ichor news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.39, for a total transaction of $327,988.14. Following the transaction, the chief technology officer now directly owns 50,490 shares in the company, valued at approximately $2,291,741.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Smith sold 23,433 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the completion of the transaction, the insider now owns 70,329 shares in the company, valued at $3,170,431.32. The disclosure for this sale can be found here. Insiders have sold 80,659 shares of company stock worth $3,652,848 in the last ninety days. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Brandywine Global Investment Management LLC lifted its position in shares of Ichor by 24.4% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 319,662 shares of the technology company’s stock worth $9,897,000 after buying an additional 62,609 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ichor by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 361,530 shares of the technology company’s stock worth $11,193,000 after buying an additional 16,426 shares during the last quarter. Kennedy Capital Management LLC lifted its position in shares of Ichor by 4.3% in the 3rd quarter. Kennedy Capital Management LLC now owns 465,829 shares of the technology company’s stock worth $14,422,000 after buying an additional 19,354 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in Ichor by 27.0% in the 4th quarter. Pinnacle Associates Ltd. now owns 498,955 shares of the technology company’s stock valued at $16,780,000 after purchasing an additional 105,934 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Ichor by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,623,548 shares of the technology company’s stock valued at $81,225,000 after purchasing an additional 22,880 shares during the last quarter. 94.81% of the stock is currently owned by 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 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.