Ichor Holdings’ (ICHR) Buy Rating Reiterated at Deutsche Bank AG

Deutsche Bank AG reiterated their buy rating on shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) in a research report sent to investors on Tuesday morning. The firm currently has a $32.00 price objective on the technology company’s stock, up from their previous price objective of $26.00.

ICHR has been the subject of several other research reports. Stifel Nicolaus raised their price target on Ichor Holdings from $26.00 to $32.00 and gave the stock a buy rating in a report on Wednesday, August 9th. Royal Bank Of Canada reissued an outperform rating and issued a $27.00 price target (up previously from $26.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Zacks Investment Research raised Ichor Holdings from a hold rating to a strong-buy rating and set a $21.00 price target for the company in a report on Friday, August 11th. Cowen and Company reissued an outperform rating and issued a $27.00 price target (up previously from $25.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Finally, Needham & Company LLC reissued a buy rating and issued a $30.00 price target on shares of Ichor Holdings in a report on Tuesday, September 19th. Six analysts have rated the stock with a buy rating, Ichor Holdings has a consensus rating of Buy and a consensus price target of $31.33.

Ichor Holdings (NASDAQ:ICHR) last issued its quarterly earnings results on Thursday, August 10th. The technology company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.02). The business had revenue of $159.70 million during the quarter, compared to analyst estimates of $159.36 million. Ichor Holdings’s quarterly revenue was up 67.4% on a year-over-year basis.

WARNING: “Ichor Holdings’ (ICHR) Buy Rating Reiterated at Deutsche Bank AG” was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://sportsperspectives.com/2017/10/13/ichor-holdings-ichr-buy-rating-reiterated-at-deutsche-bank-ag.html.

In related news, Director Iain Mackenzie sold 4,680 shares of Ichor Holdings stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $27.11, for a total transaction of $126,874.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Maurice Eugene Carson sold 17,300 shares of Ichor Holdings stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $27.65, for a total value of $478,345.00. Following the sale, the chief financial officer now directly owns 57,922 shares of the company’s stock, valued at approximately $1,601,543.30. The disclosure for this sale can be found here. Insiders have sold 6,534,817 shares of company stock valued at $121,578,383 in the last ninety days. Corporate insiders own 5.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. acquired a new stake in shares of Ichor Holdings during the second quarter worth about $162,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Ichor Holdings during the second quarter worth about $180,000. Royal Bank of Canada lifted its holdings in shares of Ichor Holdings by 38.2% during the second quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock worth $189,000 after purchasing an additional 2,600 shares during the period. Hancock Holding Co. lifted its holdings in shares of Ichor Holdings by 1.2% during the second quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock worth $208,000 after purchasing an additional 126 shares during the period. Finally, BT Investment Management Ltd acquired a new stake in shares of Ichor Holdings during the second quarter worth about $223,000. 83.68% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Ichor Holdings (NASDAQ:ICHR)

Receive News & Ratings for Ichor Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ichor Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply