Analyst Activity - Needham & Company LLC Reiterates Buy on Ichor (NASDAQ:ICHR)

Jeannie Matthews
January 21, 2018

What to Expect From Ichor Holdings, Ltd. (ICHR) in Coming 5 Years? Vanguard Group Inc. now owns 481,158 shares of the technology company's stock worth $9,700,000 after purchasing an additional 311,083 shares during the period. (NYSE:DDR) by 1.75% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

Several other institutional investors have also bought shares of the company. Schwab Charles Investment Management Inc. grew its stake in Ichor by 274.5% during the 2nd quarter. AlphaOne Investment Services LLC increased its stake in Ichor Holdings by 1.2% in the first quarter. Systematic Financial Management LP boosted its position in Ichor by 161.9% during the 3rd quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Ichor Holdings during the first quarter valued at approximately $376,000.

The stock exchanged hands with a volume of 2.68 million shares compared to its standard daily volume.

Ichor Holdings Ltd (ICHR) opened at $32.39 on Friday. Ameriprise Financial Inc. now owns 943,466 shares of the technology company's stock valued at $19,021,000 after buying an additional 683,466 shares in the last quarter.

For investors it's vital to know about both type of ownership about firm, as institutional ownership is the percentage of a stock's float owned by institutions such as mutual funds, pension funds and endowments. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Finally, Deutsche Bank reaffirmed a "buy" rating and issued a $32.00 price target (up previously from $26.00) on shares of Ichor in a report on Tuesday, October 10th. Zacks Investment Research lowered Ichor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 11th. Needham & Company LLC upped their target price on Ichor from $30.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, October 13th. The company now has a consensus rating of "Buy" and an average target price of $36.17. Royal Bank of Canada reiterated a "buy" rating and set a $37.00 target price on shares of Ichor in a research note on Friday, October 20th.

On 1/9/2018 Iain Mackenzie, Director, sold 4,690 with an average share price of $26.10 per share and the total transaction amounting to $122,409.00. Ichor (NASDAQ:ICHR) has a market cap of $774.69 Million and the number of outstanding shares have been calculated 25.27 Million. A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. The company now has a Return on Equity of 25.2% and a Return on Investment of 13.7%.

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Envestnet Asset Mgmt holds 0% in Fortress Investment Group LLC (NYSE:FIG) or 736 shares. 4,372 are held by Holderness Com. Following the transaction, the director now directly owns 7,362 shares in the company, valued at $1,453,111.56.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Thursday, November 9th. The technology company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. Presently, it has a Return on Equity (ROE) of -121.30% and Return on Investment (ROI) of -7.70%.

In other news, CFO Maurice Eugene Carson sold 17,300 shares of the company's stock in a transaction that occurred on Wednesday, November 1st.

Globalstar, Inc. (GSAT) stock price recorded a distance from twenty day simple moving average slumped at -3.26% while its distance from fifty day simple moving average declined -13.31% along with -31.30% below distance comparing to two hundred simple moving averages. The SEC filing shows that Barros Philip Ryan Sr. performed a sale of 35,650 shares. The firm now has a "buy" rating on the technology company's stock. Insider ownership decreased by a total of 4.11 million shares, which suggests that ICHR's key executives are feeling less optimistic about the outlook for the stock. The disclosure for this sale can be found here. The stock volatility for week was 6.79% while for month was 5.69%. Analysts monitor insider data to understand the sentiment of a company's largest and most important shareholders.

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The companyÂ's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.

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