Ichor (ICHR) Lowered to Strong Sell at BidaskClub

BidaskClub downgraded shares of Ichor (NASDAQ:ICHR) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday morning.

A number of other research firms also recently issued reports on ICHR. Zacks Investment Research raised Ichor from a strong sell rating to a hold rating in a research report on Wednesday, July 11th. Cowen set a $32.00 price target on Ichor and gave the stock an outperform rating in a research report on Wednesday, August 8th. Royal Bank of Canada dropped their price target on Ichor from $40.00 to $33.00 and set a $20.46 rating on the stock in a research report on Wednesday, July 18th. Stifel Nicolaus increased their price target on Ichor from $44.00 to $48.00 and gave the stock a buy rating in a research report on Monday, June 18th. Finally, ValuEngine downgraded Ichor from a hold rating to a sell rating in a research report on Friday, June 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $37.00.

ICHR opened at $19.98 on Wednesday. Ichor has a 12-month low of $18.76 and a 12-month high of $35.51. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.00 and a current ratio of 2.10. The firm has a market cap of $493.26 million, a PE ratio of 8.29 and a beta of 4.87.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Tuesday, August 7th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.27. Ichor had a return on equity of 38.00% and a net margin of 8.60%. The business had revenue of $248.97 million for the quarter, compared to the consensus estimate of $236.39 million. equities analysts expect that Ichor will post 3.03 EPS for the current year.

In related news, CFO Jeff Andreson acquired 5,200 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The shares were bought at an average price of $24.22 per share, with a total value of $125,944.00. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at $242,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iain Mackenzie sold 4,680 shares of the firm’s stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $22.13, for a total value of $103,568.40. Following the sale, the director now directly owns 4,680 shares in the company, valued at approximately $103,568.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of ICHR. Rubric Capital Management LP boosted its position in Ichor by 159.6% during the first quarter. Rubric Capital Management LP now owns 1,673,220 shares of the technology company’s stock valued at $40,509,000 after purchasing an additional 1,028,679 shares in the last quarter. Epoch Investment Partners Inc. acquired a new stake in Ichor in the first quarter worth about $14,451,000. Dimensional Fund Advisors LP boosted its holdings in Ichor by 103.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,158,654 shares of the technology company’s stock worth $24,587,000 after acquiring an additional 587,943 shares in the last quarter. Selz Capital LLC boosted its holdings in Ichor by 296.7% in the second quarter. Selz Capital LLC now owns 671,877 shares of the technology company’s stock worth $14,257,000 after acquiring an additional 502,516 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Ichor by 35.1% in the second quarter. BlackRock Inc. now owns 1,603,700 shares of the technology company’s stock worth $34,030,000 after acquiring an additional 416,283 shares in the last quarter. 87.20% 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 in the United States, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.

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