Ichor Holdings, Ltd. (NASDAQ:ICHR)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank Of Canada in a research note issued on Wednesday, August 9th. They presently have a $27.00 target price on the technology company’s stock, up from their previous target price of $26.00. Royal Bank Of Canada’s price objective suggests a potential upside of 32.61% from the stock’s previous close.
A number of other brokerages have also recently weighed in on ICHR. Needham & Company LLC reaffirmed a “positive” rating and issued a $30.00 price target (up previously from $25.00) on shares of Ichor Holdings in a research report on Monday, July 31st. Cowen and Company set a $25.00 price target on Ichor Holdings and gave the stock a “buy” rating in a research report on Thursday, July 27th. Stifel Nicolaus boosted their price target on Ichor Holdings from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Zacks Investment Research lowered Ichor Holdings from a “strong-buy” rating to a “sell” rating in a research note on Friday, July 7th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $24.00 price objective (up from $20.00) on shares of Ichor Holdings in a research note on Saturday, April 29th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $27.17.
Ichor Holdings (NASDAQ ICHR) traded up 6.65% during midday trading on Wednesday, hitting $20.36. The stock had a trading volume of 846,392 shares. The company’s 50-day moving average price is $20.87 and its 200 day moving average price is $20.09. The stock has a market cap of $505.05 million and a P/E ratio of 10.96. Ichor Holdings has a 12-month low of $9.81 and a 12-month high of $29.73.
Ichor Holdings (NASDAQ:ICHR) last released its quarterly earnings data on Thursday, August 10th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $159.70 million during the quarter, compared to analysts’ expectations of $159.36 million. The firm’s revenue was up 67.4% on a year-over-year basis. On average, equities research analysts predict that Ichor Holdings will post $2.41 earnings per share for the current fiscal year.
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In related news, CFO Maurice Eugene Carson sold 17,300 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $25.83, for a total transaction of $446,859.00. Following the transaction, the chief financial officer now directly owns 91,709 shares in the company, valued at $2,368,843.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of the business’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $25.84, for a total value of $921,196.00. Following the transaction, the insider now owns 32,090 shares in the company, valued at $829,205.60. The disclosure for this sale can be found here. Insiders have sold 5,693,447 shares of company stock worth $105,936,058 over the last 90 days. Corporate insiders own 5.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in ICHR. Pier Capital LLC bought a new stake in Ichor Holdings during the first quarter valued at $1,933,000. Norges Bank bought a new stake in Ichor Holdings during the fourth quarter valued at $541,000. Hancock Holding Co. bought a new stake in Ichor Holdings during the first quarter valued at $202,000. Whittier Trust Co. bought a new stake in Ichor Holdings during the second quarter valued at $485,000. Finally, Bank of New York Mellon Corp bought a new stake in Ichor Holdings during the first quarter valued at $376,000. Institutional investors own 68.53% of the company’s stock.
About Ichor Holdings
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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