Ichor (ICHR) Stock Rating Reaffirmed by Cowen

Cowen reaffirmed their buy rating on shares of Ichor (NASDAQ:ICHR) in a research report report published on Thursday.

Other research analysts have also issued reports about the company. Stifel Nicolaus raised their target price on Ichor from $36.00 to $37.00 and gave the stock a buy rating in a research report on Thursday, February 8th. Royal Bank of Canada reaffirmed a buy rating and set a $37.00 target price on shares of Ichor in a research report on Friday, October 20th. Zacks Investment Research raised Ichor from a hold rating to a buy rating and set a $36.00 target price for the company in a research report on Tuesday, January 23rd. Needham & Company LLC reaffirmed a buy rating and set a $42.00 target price (up from $36.00) on shares of Ichor in a research report on Friday, January 19th. Finally, Deutsche Bank raised their target price on Ichor to $38.00 and gave the stock a buy rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $38.33.

Ichor (NASDAQ ICHR) opened at $25.17 on Thursday. The stock has a market capitalization of $651.70, a price-to-earnings ratio of 12.84 and a beta of 5.49. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. Ichor has a 12-month low of $16.82 and a 12-month high of $35.51.

In other news, Director Iain Mackenzie sold 4,690 shares of Ichor stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $26.10, for a total value of $122,409.00. Following the completion of the transaction, the director now directly owns 4,690 shares of the company’s stock, valued at approximately $122,409. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dipanjan Deb sold 6,287 shares of Ichor stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $30.12, for a total value of $189,364.44. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $602,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,927 shares of company stock valued at $1,708,238. 5.80% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Millennium Management LLC bought a new position in shares of Ichor in the 4th quarter worth about $508,000. Teachers Advisors LLC raised its position in shares of Ichor by 37.5% in the 4th quarter. Teachers Advisors LLC now owns 33,722 shares of the technology company’s stock worth $830,000 after acquiring an additional 9,192 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Ichor by 237.5% in the 4th quarter. California State Teachers Retirement System now owns 96,868 shares of the technology company’s stock worth $2,383,000 after acquiring an additional 68,167 shares in the last quarter. Guggenheim Capital LLC bought a new position in shares of Ichor in the 4th quarter worth about $290,000. Finally, Deutsche Bank AG raised its position in shares of Ichor by 49.0% in the 4th quarter. Deutsche Bank AG now owns 89,285 shares of the technology company’s stock worth $2,195,000 after acquiring an additional 29,370 shares in the last quarter. 76.40% of the stock is owned by hedge funds and other institutional investors.

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About Ichor

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 (NASDAQ:ICHR)

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