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Ichor Holdings (ICHR) Gets a Buy Rating from Stifel Nicolaus

Stifel Nicolaus analyst Patrick Ho maintained a Buy rating on Ichor Holdings (ICHRResearch Report) yesterday and set a price target of $54.00. The company’s shares closed last Wednesday at $41.18.

According to TipRanks.com, Ho is a top 100 analyst with an average return of 28.4% and a 68.4% success rate. Ho covers the Technology sector, focusing on stocks such as Axcelis Technologies, Western Digital, and Lam Research.

Currently, the analyst consensus on Ichor Holdings is a Strong Buy with an average price target of $57.80, implying a 44.5% upside from current levels. In a report released yesterday, Cowen & Co. also initiated coverage with a Buy rating on the stock with a $50.00 price target.

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Ichor Holdings’ market cap is currently $1.2B and has a P/E ratio of 17.26.

Based on the recent corporate insider activity of 23 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 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. It also manufactures precision machined components, weldments, and proprietary products for use in fluid delivery systems for direct sales to its customers. The company was founded in 1999 and is headquartered in Fremont, CA.

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