Brokerages Set Ichor Holdings Ltd (NASDAQ:ICHR) Target Price at $26.29

Ichor Holdings Ltd (NASDAQ:ICHR) has been assigned an average recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $26.29.

A number of brokerages recently weighed in on ICHR. BidaskClub lowered Ichor from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Zacks Investment Research lowered Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, July 23rd. Northland Securities lowered Ichor from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $22.00 to $25.00 in a report on Wednesday, May 8th. Cowen reaffirmed an “outperform” rating and set a $26.00 price objective (up previously from $24.00) on shares of Ichor in a report on Wednesday, May 8th. Finally, DA Davidson lowered Ichor from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $32.00 to $25.00 in a report on Monday, July 8th.

Several large investors have recently modified their holdings of ICHR. LSV Asset Management lifted its position in shares of Ichor by 170.7% in the second quarter. LSV Asset Management now owns 513,858 shares of the technology company’s stock valued at $12,147,000 after acquiring an additional 324,058 shares in the last quarter. BlackRock Inc. lifted its position in shares of Ichor by 5.5% in the second quarter. BlackRock Inc. now owns 3,453,464 shares of the technology company’s stock valued at $81,639,000 after acquiring an additional 180,814 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Ichor by 83.7% in the second quarter. Wells Fargo & Company MN now owns 277,689 shares of the technology company’s stock valued at $6,565,000 after acquiring an additional 126,508 shares in the last quarter. Morgan Stanley lifted its position in shares of Ichor by 830.1% in the second quarter. Morgan Stanley now owns 134,623 shares of the technology company’s stock valued at $3,182,000 after acquiring an additional 120,149 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of Ichor by 21.1% in the first quarter. Royce & Associates LP now owns 646,924 shares of the technology company’s stock valued at $14,608,000 after acquiring an additional 112,532 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

ICHR traded down $0.12 during trading on Friday, hitting $20.51. 6,752 shares of the stock were exchanged, compared to its average volume of 283,940. The company has a market cap of $462.94 million, a price-to-earnings ratio of 7.35 and a beta of 2.70. Ichor has a 1-year low of $14.23 and a 1-year high of $27.12. The company’s fifty day simple moving average is $23.95. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.95.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $139.20 million for the quarter, compared to analyst estimates of $138.31 million. Ichor had a return on equity of 12.97% and a net margin of 2.52%. The company’s quarterly revenue was down 44.1% on a year-over-year basis. During the same period last year, the firm earned $1.02 EPS. On average, analysts forecast that Ichor will post 0.9 EPS for the current fiscal year.

Ichor Company Profile

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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Analyst Recommendations for Ichor (NASDAQ:ICHR)

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