Ichor (NASDAQ:ICHR) Upgraded to Buy at B. Riley

B. Riley upgraded shares of Ichor (NASDAQ:ICHR) from a neutral rating to a buy rating in a report issued on Friday, Marketbeat.com reports. They currently have $48.00 price objective on the technology company’s stock, up from their previous price objective of $40.00.

A number of other equities research analysts have also recently issued reports on ICHR. TD Cowen upped their target price on Ichor from $31.00 to $42.00 and gave the stock an outperform rating in a research report on Wednesday, February 7th. Stifel Nicolaus upped their target price on Ichor from $40.00 to $45.00 and gave the stock a buy rating in a research report on Tuesday. Needham & Company LLC reaffirmed a buy rating and set a $42.00 target price on shares of Ichor in a research report on Tuesday, March 19th. Finally, Craig Hallum initiated coverage on Ichor in a research report on Tuesday, April 9th. They set a buy rating and a $55.00 target price for the company. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $46.40.

Ichor Trading Down 1.9 %

Shares of NASDAQ ICHR opened at $36.87 on Friday. The business has a 50 day simple moving average of $40.35 and a 200 day simple moving average of $33.75. Ichor has a 52 week low of $22.26 and a 52 week high of $46.43. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.06 and a quick ratio of 1.57.

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

Insider Activity

In other news, Director Thomas M. Rohrs sold 50,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.37, for a total value of $2,268,500.00. Following the completion of the sale, the director now directly owns 43,764 shares of the company’s stock, valued at $1,985,572.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.39, for a total value of $327,988.14. Following the completion of the transaction, the chief technology officer now directly owns 50,490 shares in the company, valued at $2,291,741.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas M. Rohrs sold 50,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.37, for a total value of $2,268,500.00. Following the completion of the transaction, the director now owns 43,764 shares of the company’s stock, valued at $1,985,572.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,659 shares of company stock valued at $3,652,848. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in shares of Ichor in the second quarter valued at $28,000. CWM LLC raised its stake in shares of Ichor by 87.1% in the fourth quarter. CWM LLC now owns 1,100 shares of the technology company’s stock valued at $37,000 after purchasing an additional 512 shares in the last quarter. Signaturefd LLC raised its stake in shares of Ichor by 207.2% in the third quarter. Signaturefd LLC now owns 1,109 shares of the technology company’s stock valued at $34,000 after purchasing an additional 748 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Ichor by 48.3% in the third quarter. Public Employees Retirement System of Ohio now owns 1,155 shares of the technology company’s stock valued at $28,000 after purchasing an additional 376 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new position in Ichor during the fourth quarter worth $41,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

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 and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.