Ichor Holdings Ltd (NASDAQ:ICHR) has received an average rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $32.00.
A number of equities research analysts recently issued reports on the stock. ValuEngine raised shares of Ichor from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Stifel Nicolaus increased their target price on shares of Ichor from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. BidaskClub downgraded shares of Ichor from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 14th. Zacks Investment Research downgraded shares of Ichor from a “hold” rating to a “sell” rating in a research note on Wednesday, March 18th. Finally, B. Riley downgraded shares of Ichor from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $47.00 to $16.00 in a research note on Thursday, March 19th.
In related news, Director Iain Mackenzie sold 11,102 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $37.17, for a total value of $412,661.34. Following the transaction, the director now owns 19,344 shares of the company’s stock, valued at approximately $719,016.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Kevin M. Canty sold 1,000 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $32.80, for a total transaction of $32,800.00. Following the transaction, the chief operating officer now owns 46,379 shares in the company, valued at $1,521,231.20. The disclosure for this sale can be found here. Insiders sold a total of 14,483 shares of company stock worth $528,796 in the last ninety days. 2.50% of the stock is currently owned by insiders.
NASDAQ ICHR traded up $3.07 during trading hours on Friday, hitting $21.06. 1,061,800 shares of the company’s stock traded hands, compared to its average volume of 439,266. The business’s fifty day moving average price is $28.62 and its two-hundred day moving average price is $29.84. The company has a current ratio of 1.69, a quick ratio of 0.91 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $404.88 million, a P/E ratio of 44.81 and a beta of 2.64. Ichor has a 52 week low of $13.68 and a 52 week high of $39.83.
Ichor (NASDAQ:ICHR) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. The company had revenue of $189.40 million during the quarter, compared to analyst estimates of $158.37 million. Ichor had a net margin of 1.73% and a return on equity of 10.03%. The firm’s quarterly revenue was up 33.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. On average, sell-side analysts expect that Ichor will post 2.18 EPS for the current fiscal year.
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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