Ichor (NASDAQ:ICHR) Trading 5% Higher

Ichor Holdings Ltd (NASDAQ:ICHR) shares traded up 5% during mid-day trading on Thursday . The company traded as high as $23.70 and last traded at $23.60. 281,390 shares traded hands during trading, a decline of 14% from the average session volume of 325,545 shares. The stock had previously closed at $22.47.

A number of equities analysts have recently issued reports on the company. Northland Securities downgraded Ichor from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $22.00 to $25.00 in a research report on Wednesday, May 8th. Zacks Investment Research cut Ichor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 14th. BidaskClub cut Ichor from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Cowen restated an “outperform” rating and set a $26.00 price objective (up from $24.00) on shares of Ichor in a research note on Wednesday, May 8th. Finally, B. Riley initiated coverage on Ichor in a research note on Thursday, May 16th. They set a “buy” rating and a $32.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.00.

The business’s 50 day moving average price is $22.33. The company has a quick ratio of 1.01, a current ratio of 2.27 and a debt-to-equity ratio of 0.98. The firm has a market cap of $528.15 million, a P/E ratio of 8.47 and a beta of 2.82.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $135.39 million. During the same quarter last year, the business posted $1.03 earnings per share. The company’s quarterly revenue was down 46.6% compared to the same quarter last year. Equities research analysts forecast that Ichor Holdings Ltd will post 1.12 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Kennedy Capital Management Inc. increased its position in Ichor by 4.6% during the 1st quarter. Kennedy Capital Management Inc. now owns 755,316 shares of the technology company’s stock worth $17,055,000 after purchasing an additional 33,298 shares during the period. Capital Management Associates NY acquired a new position in Ichor during the 1st quarter worth approximately $384,000. Globeflex Capital L P increased its position in Ichor by 2.3% during the 1st quarter. Globeflex Capital L P now owns 57,863 shares of the technology company’s stock worth $1,307,000 after purchasing an additional 1,307 shares during the period. Royce & Associates LP increased its position in Ichor by 21.1% during the 1st quarter. Royce & Associates LP now owns 646,924 shares of the technology company’s stock worth $14,608,000 after purchasing an additional 112,532 shares during the period. Finally, LSV Asset Management increased its position in Ichor by 5,172.2% during the 1st quarter. LSV Asset Management now owns 189,800 shares of the technology company’s stock worth $4,285,000 after purchasing an additional 186,200 shares during the period. Institutional investors own 94.27% of the company’s stock.

Ichor Company Profile (NASDAQ:ICHR)

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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