Brokerages Set Ichor Holdings, Ltd. (ICHR) PT at $27.17

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have earned a consensus recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $27.17.

A number of equities research analysts have recently issued reports on ICHR shares. Cowen and Company lifted their price target on shares of Ichor Holdings from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, May 9th. Stifel Nicolaus lifted their price target on shares of Ichor Holdings from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Needham & Company LLC reiterated a “positive” rating and set a $30.00 price target (up from $25.00) on shares of Ichor Holdings in a research report on Monday, July 31st. Zacks Investment Research downgraded shares of Ichor Holdings from a “strong-buy” rating to a “sell” rating in a research report on Friday, July 7th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $26.00 price target (up from $24.00) on shares of Ichor Holdings in a research report on Wednesday, August 9th.

In other news, CEO Thomas M. Rohrs sold 130,767 shares of Ichor Holdings stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $19.57, for a total transaction of $2,559,110.19. Following the completion of the sale, the chief executive officer now directly owns 125,558 shares in the company, valued at approximately $2,457,170.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $25.84, for a total transaction of $921,196.00. Following the transaction, the insider now directly owns 32,090 shares of the company’s stock, valued at $829,205.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,693,447 shares of company stock valued at $105,936,058. Insiders own 5.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ICHR. C M Bidwell & Associates Ltd. acquired a new position in shares of Ichor Holdings during the second quarter worth $162,000. The Manufacturers Life Insurance Company acquired a new position in shares of Ichor Holdings during the second quarter worth $180,000. Royal Bank of Canada boosted its position in shares of Ichor Holdings by 38.2% in the second quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock worth $189,000 after buying an additional 2,600 shares during the period. Hancock Holding Co. acquired a new position in shares of Ichor Holdings during the first quarter worth $202,000. Finally, TIAA CREF Investment Management LLC acquired a new position in shares of Ichor Holdings during the first quarter worth $219,000. 68.53% of the stock is owned by institutional investors and hedge funds.

Shares of Ichor Holdings (NASDAQ ICHR) traded up 6.65% during mid-day trading on Tuesday, reaching $20.36. The company’s stock had a trading volume of 846,392 shares. The stock has a market capitalization of $511.36 million and a price-to-earnings ratio of 11.98. The company’s 50-day moving average is $20.87 and its 200-day moving average is $20.09. Ichor Holdings has a 52 week low of $9.76 and a 52 week high of $29.73.

Ichor Holdings (NASDAQ:ICHR) last posted its quarterly earnings results on Thursday, August 10th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.02. The firm had revenue of $159.70 million for 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. Equities analysts predict that Ichor Holdings will post $2.41 EPS for the current year.

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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.