In a report issued on August 6, Mitch Steves from RBC Capital maintained a Buy rating on Ichor Holdings Ltd (ICHR), with a price target of $29. The company’s shares opened today at $22.26.
According to TipRanks.com, Steves is a 5-star analyst with an average return of 19.1% and a 72.6% success rate. Steves covers the Consumer Goods sector, focusing on stocks such as Applied Materials Inc, Dialog Semiconductor, and Intel Corporation.
Ichor Holdings Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $26.20, a 17.7% upside from current levels. In a report released yesterday, B.Riley FBR also reiterated a Buy rating on the stock with a $29 price target.
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Based on Ichor Holdings Ltd’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $1.52 million. In comparison, last year the company had a net profit of $28.04 million.
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Ichor Holdings Ltd. engages in designing, engineering, and manufacturing fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
