On Jan. 06, Canty Kevin M. divested U.S. $50,340 in shares of Ichor Holdings Ltd.. The COO sold 1,500 shares at a price per share of $33.56. The transaction decreased this specific insider’s holdings to 59,935 shares worth around $2.12 million at present.
B. Riley Securities maintained its Ichor Holdings Ltd. [ICHR] rating to the equivalent of a Buy but changed the price target to $43 from $42, in a research note dated November 03, 2020. That figure represents around a 17.79% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with B. Riley Securities’s analysts reiterating the shares to “a Buy” rating in a research note to investors issued in early November. Meanwhile, Stifel had raised its rating on ICHR to “Buy” from the earlier “Hold”, in a research note produced for clients September 21, 2020. In addition, there was no change from Cowen on August 04, 2020. The rater maintained ICHR to “a Market perform” but assigned new target price of $35.
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Is Ichor Holdings Ltd. [NASDAQ:ICHR] a Good Buy Right Now?
It should be noted that ICHR technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 72% Buy in the last week and compares with 100% Buy in the past month. Data from Ichor Holdings Ltd.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 0.51 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.4 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.34 million shares.
ICHR Price Performance
On Wall Street, Ichor Holdings Ltd. [NASDAQ:ICHR] finished Thursday’s session up 3.09% at $35.35. The stock went up to $35.52 at the same session while its lowest single day price was $34.27. In the last five days, it saw a rise of about 16.40%, Ichor Holdings Ltd. shares gained by almost 17.27% since the beginning of the year. However, the share price has dropped to as low as -11.25% below its one year high. On 01/07/21, the company shares recorded $35.52, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $30.60. The company’s shares have inclined by 8.74% in the past year. The 50-day SMA achieved is $30.11 while the 200-day SMA is $25.94. Volume gained to 0.47 million from 0.43 million in the previous session.
Ichor Holdings Ltd. [ICHR] Valuation Measures
Notably, Ichor Holdings Ltd. [ICHR] stock can be classified as a good candidate in the listing of underestimated low-priced Semiconductor Equipment & Materials companies to purchase soonest possible with the prevailing 12-month PE ratio of 28.58. The measure means the stock is exchanging at a discount as compared to the 32.55x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 1.16 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 2.59 which means ICHR serve an attractive investment opportunity compared to its competitors.
ICHR Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 34.57 level, and in case of violation of this particular level, it will cause more drop to 33.80 level. On the upper level, 36.30 is still the key resistance. The stock may increase to the subsequent resistance at 35.82. The Relative Strength Index (RSI) pinned on the 14-day chart is 68.49, implying a neutral technical stance while the MACD stands at 2.99, meaning price will increase in the next trading period. Percent R indicator moved to 2.85%, implying bullish price movement. Stochastic %K at 94.29% suggest selling the stock.
What is the short interest in Ichor Holdings Ltd.?
Short interest in the Ichor Holdings Ltd. stock has surged, increasing by 0.26 million shares to total 1.04 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.3 million, data from Yahoo Finance shows. The decrease of -25.0% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 4.39% of the overall float for the stock.
Ichor Holdings Ltd.’s Biggest Shareholders: Who Owns Ichor Holdings Ltd. [ICHR]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 3,082,503 shares or roughly 13.31% of the outstanding ICHR shares. This means their shares have reduced by -87,205 from the 3,082,503 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Fidelity Management & Research Co updated stake is worth $47,586,825. Details in the latest 13F filings reveal that The Vanguard Group, Inc. disposed off their -4.77% stake valued at $46,686,448 while Dimensional Fund Advisors LP cut theirs at $30,589,325. During the last quarter, The Vanguard Group, Inc. liquidated -73,379 of its shares in Ichor Holdings Ltd. while Dimensional Fund Advisors LP sold -122,558 shares. The SSgA Funds Management, Inc.’s holdings currently number 708,047 shares at $25029461.45. According to the firm’s last 13F report, Lord, Abbett & Co. LLC shares in the company at filing stood at 654,484 shares, roughly $20,878,040.
ICHR Earnings Forecast For The Current Quarter
Ichor Holdings Ltd. [ICHR] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $233.28M and an earnings per share of $0.67 for Dec 2020. Looking further ahead, the company is expected to report revenue of $233.31M at an EPS of $0.61 for Mar 2021. The estimates represent upside of 10.70% and 25.66% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
ICHR Earnings Estimates For The Current Year
For the financial year, Ichor Holdings Ltd. [NASDAQ:ICHR] is expected to bring in revenue of $902.56M. The returns are nearly $281.72 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 2.36, higher than that of FY19 by $1.11. Estimates put this year’s earnings growth at 88.80%, 22.90% for the next, and at an annual 33.99% over the next 5-year period. As for sales, forecasts are for an increase of 45.40% in the current fiscal year and a further 10.70% over the following year.
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What are analyst thoughts on Ichor Holdings Ltd.?
Looking forward to the Ichor Holdings Ltd. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Ichor Holdings Ltd. stock at $39.00 within the next 12 months, which represents almost 9.36 per cent growth from its previous closing price of $35.35. The highest analysts’ target for Ichor Holdings Ltd. stock projections is $43.00 and the lowest one is $35.00. Still, 7 analysts sharing their consensus rating for ICHR stock in 2021 agree that it is a Buy.