Ichor Holdings Ltd (NASDAQ:ICHR) was up 6.5% during trading on Friday . The company traded as high as $22.25 and last traded at $21.89. Approximately 761,517 shares changed hands during mid-day trading, an increase of 87% from the average daily volume of 406,724 shares. The stock had previously closed at $20.56.
A number of equities research analysts have recently commented on ICHR shares. Needham & Company LLC lifted their price objective on Ichor to $27.00 and gave the company a “buy” rating in a research report on Thursday, February 7th. Zacks Investment Research downgraded Ichor from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 31st. BidaskClub raised Ichor from a “hold” rating to a “buy” rating in a research report on Saturday, February 2nd. ValuEngine downgraded Ichor from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. Finally, DA Davidson started coverage on Ichor in a research report on Thursday, March 7th. They issued a “buy” rating and a $30.00 price objective for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Ichor currently has an average rating of “Hold” and an average price target of $28.17.
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The firm has a market cap of $459.91 million, a price-to-earnings ratio of 7.85 and a beta of 2.85. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.41 and a quick ratio of 1.03.
Ichor (NASDAQ:ICHR) last issued its earnings results on Wednesday, February 6th. The technology company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Ichor had a net margin of 7.03% and a return on equity of 30.78%. The firm had revenue of $141.40 million during the quarter, compared to analyst estimates of $144.20 million. During the same quarter in the previous year, the business posted $0.70 EPS. Ichor’s revenue was down 22.7% compared to the same quarter last year. As a group, research analysts expect that Ichor Holdings Ltd will post 1.56 earnings per share for the current fiscal year.
In other Ichor news, CTO Philip Ryan Sr. Barros sold 28,457 shares of the business’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $21.57, for a total transaction of $613,817.49. Following the transaction, the chief technology officer now owns 33,062 shares in the company, valued at $713,147.34. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Kevin M. Canty sold 1,750 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $21.89, for a total value of $38,307.50. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the business. Sapphire Star Partners LP lifted its stake in shares of Ichor by 2.8% during the fourth quarter. Sapphire Star Partners LP now owns 25,916 shares of the technology company’s stock worth $422,000 after purchasing an additional 718 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of Ichor by 7.7% during the fourth quarter. Whittier Trust Co. now owns 28,460 shares of the technology company’s stock worth $464,000 after purchasing an additional 2,023 shares in the last quarter. Financial Architects Inc acquired a new position in shares of Ichor during the fourth quarter worth about $41,000. SevenBridge Financial Group LLC lifted its stake in shares of Ichor by 212.5% during the fourth quarter. SevenBridge Financial Group LLC now owns 3,750 shares of the technology company’s stock worth $61,000 after purchasing an additional 2,550 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new position in shares of Ichor during the fourth quarter worth about $47,000. Institutional investors own 97.66% of the company’s stock.
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About Ichor (NASDAQ:ICHR)
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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