Needham Thinks Ichor Holdings Ltd’s Stock is Going to Recover


In a report issued on January 4, Quinn Bolton from Needham reiterated a Buy rating on Ichor Holdings Ltd (ICHR). The company’s shares closed on Friday at $16.94, close to its 52-week low of $14.23.

According to TipRanks.com, Bolton is a 5-star analyst with an average return of 10.2% and a 58.2% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Sequans Communications S A, and Quantenna Communications.

Currently, the analyst consensus on Ichor Holdings Ltd is a Strong Buy with an average price target of $26.20.

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The company has a one-year high of $34.79 and a one-year low of $14.23. Currently, Ichor Holdings Ltd has an average volume of 573.9K.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ICHR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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