In a report released today, Karl Ackerman from Cowen & Co. reiterated a Buy rating on Ichor Holdings Ltd (NASDAQ: ICHR), with a price target of $32. The company’s shares closed yesterday at $21.80.
According to TipRanks.com, Ackerman is a 2-star analyst with an average return of 1.4% and a 40.0% success rate. Ackerman covers the Consumer Goods sector, focusing on stocks such as Integrated Device Tech, Skyworks Solutions, and Cypress Semicon.
Currently, the analyst consensus on Ichor Holdings Ltd is a Strong Buy with an average price target of $37.50.
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Based on Ichor Holdings Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $28.04 million. In comparison, last year the company had a net profit of $9.86 million.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is neutral on the stock.
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Ichor Holdings Ltd. engages in the design, engineering, and manufacturing of fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems and manufactures components for internal use in fluid delivery systems and for direct sales of the customers.
