Ichor Holdings’ (ICHR) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) in a research report report published on Tuesday. The firm currently has a $30.00 price target on the technology company’s stock.

ICHR has been the subject of several other reports. Stifel Nicolaus lifted their target price on Ichor Holdings from $24.00 to $26.00 and gave the company a buy rating in a research report on Monday, July 10th. Zacks Investment Research downgraded Ichor Holdings from a strong-buy rating to a sell rating in a research report on Friday, July 7th. Cowen and Company reaffirmed an outperform rating and issued a $27.00 target price (up from $25.00) on shares of Ichor Holdings in a research report on Wednesday, August 9th. Deutsche Bank AG reaffirmed a buy rating and issued a $26.00 target price (up from $24.00) on shares of Ichor Holdings in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada reaffirmed an outperform rating and issued a $27.00 target price (up from $26.00) on shares of Ichor Holdings in a research report on Wednesday, August 9th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Ichor Holdings currently has a consensus rating of Buy and a consensus price target of $27.17.

Ichor Holdings (NASDAQ:ICHR) opened at 25.03 on Tuesday. Ichor Holdings has a one year low of $9.81 and a one year high of $25.31. The firm’s 50-day moving average is $24.31 and its 200 day moving average is $24.31. The company has a market capitalization of $628.63 million and a PE ratio of 14.39.

Ichor Holdings (NASDAQ:ICHR) last released its 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 the consensus estimate of $159.36 million. Ichor Holdings’s quarterly revenue was up 67.4% compared to the same quarter last year. On average, equities analysts expect that Ichor Holdings will post $2.41 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Ichor Holdings’ (ICHR) “Buy” Rating Reaffirmed at Needham & Company LLC” was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://www.chaffeybreeze.com/2017/09/20/ichor-holdings-ichr-buy-rating-reaffirmed-at-needham-company-llc.html.

In other news, insider Philip Ryan Sr. Barros sold 35,650 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $22.48, for a total transaction of $801,412.00. Following the completion of the transaction, the insider now directly owns 32,090 shares of the company’s stock, valued at $721,383.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Thomas M. Rohrs sold 130,767 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $19.57, for a total value of $2,559,110.19. Following the transaction, the chief executive officer now directly owns 125,558 shares of the company’s stock, valued at $2,457,170.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,518,447 shares of company stock valued at $121,019,781. 5.80% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in ICHR. Paradigm Capital Management Inc. NY grew its position in shares of Ichor Holdings by 2,598.2% during the second quarter. Paradigm Capital Management Inc. NY now owns 906,600 shares of the technology company’s stock worth $18,277,000 after buying an additional 873,000 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Ichor Holdings by 262.9% during the second quarter. Ameriprise Financial Inc. now owns 943,466 shares of the technology company’s stock worth $19,021,000 after buying an additional 683,466 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Ichor Holdings by 182.9% during the second quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock worth $9,700,000 after buying an additional 311,083 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of Ichor Holdings by 67.2% during the first quarter. Neuberger Berman Group LLC now owns 768,484 shares of the technology company’s stock worth $15,239,000 after buying an additional 308,937 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Ichor Holdings by 1,091.6% during the second quarter. Russell Investments Group Ltd. now owns 296,739 shares of the technology company’s stock worth $5,982,000 after buying an additional 271,836 shares in the last quarter. 83.68% of the stock is owned by institutional investors and hedge funds.

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