Ichor Holdings Ltd (NASDAQ:ICHR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Ichor Holdings Ltd (NASDAQ:ICHR) have received a consensus rating of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $28.00.

A number of equities research analysts have weighed in on the company. Northland Securities set a $13.00 target price on Nabriva Therapeutics and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Cowen restated a “buy” rating and issued a $149.00 target price on shares of Intercept Pharmaceuticals in a research report on Wednesday, May 8th. BidaskClub upgraded Yandex from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 14th. DA Davidson cut Advanced Energy Industries from a “buy” rating to a “neutral” rating and dropped their price target for the company from $60.00 to $55.00 in a report on Monday, July 8th. Finally, Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th.

ICHR traded down $0.14 during trading on Tuesday, reaching $24.40. The stock had a trading volume of 228,775 shares, compared to its average volume of 279,285. The stock has a market cap of $546.05 million, a price-to-earnings ratio of 8.75 and a beta of 2.70. The company has a quick ratio of 1.01, a current ratio of 2.27 and a debt-to-equity ratio of 0.98. Ichor has a 1-year low of $14.23 and a 1-year high of $26.25. The stock has a 50 day simple moving average of $22.94.

Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, May 7th. The technology company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). The firm had revenue of $137.80 million during the quarter, compared to analyst estimates of $135.39 million. Ichor had a return on equity of 22.62% and a net margin of 6.07%. The business’s revenue for the quarter was down 46.6% on a year-over-year basis. During the same quarter last year, the company earned $1.03 earnings per share. As a group, equities research analysts expect that Ichor will post 1.12 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of ICHR. Ellis Investment Partners LLC bought a new position in shares of Ichor in the first quarter valued at $77,000. BNP Paribas Arbitrage SA increased its holdings in shares of Ichor by 75,966.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,564 shares of the technology company’s stock valued at $103,000 after buying an additional 4,558 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of Ichor in the fourth quarter valued at $142,000. Systematic Financial Management LP bought a new position in shares of Ichor in the first quarter valued at $160,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Ichor by 7.8% in the first quarter. Victory Capital Management Inc. now owns 9,629 shares of the technology company’s stock valued at $217,000 after buying an additional 695 shares in the last quarter. 94.31% of the stock is currently owned by institutional investors.

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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