Ichor (NASDAQ:ICHR) Given “Buy” Rating at B. Riley

Ichor (NASDAQ:ICHR)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a note issued to investors on Tuesday, Benzinga reports. They presently have a $38.00 price target on the technology company’s stock, up from their prior price target of $36.00. B. Riley’s target price would indicate a potential upside of 19.87% from the stock’s previous close.

A number of other equities research analysts have also recently commented on ICHR. TD Cowen raised their price target on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer started coverage on Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price for the company. DA Davidson assumed coverage on Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 price target on the stock. Needham & Company LLC reduced their price objective on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.57.

Ichor Price Performance

Shares of ICHR traded up $4.56 during trading hours on Tuesday, reaching $31.70. The stock had a trading volume of 147,397 shares, compared to its average volume of 304,577. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27. Ichor has a 12 month low of $22.26 and a 12 month high of $46.43. The stock has a market capitalization of $1.07 billion, a PE ratio of -26.20 and a beta of 1.91. The company’s 50-day moving average is $28.88 and its two-hundred day moving average is $33.79.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. Research analysts expect that Ichor will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ICHR. Texas Permanent School Fund Corp lifted its stake in shares of Ichor by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 25,761 shares of the technology company’s stock worth $995,000 after purchasing an additional 381 shares during the period. Quarry LP increased its holdings in Ichor by 99.5% during the second quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after buying an additional 433 shares during the last quarter. CWM LLC increased its holdings in Ichor by 50.5% during the second quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after buying an additional 517 shares during the last quarter. Amalgamated Bank raised its position in Ichor by 6.1% in the second quarter. Amalgamated Bank now owns 10,025 shares of the technology company’s stock worth $386,000 after acquiring an additional 577 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Ichor by 136.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after acquiring an additional 625 shares during the last quarter. Hedge funds and other institutional investors own 94.81% 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 and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.