Ichor Holdings (ICHR) Receives a Rating Update from a Top Analyst

In a report released today, Quinn Bolton from Needham maintained a Buy rating on Ichor Holdings (ICHRResearch Report), with a price target of $30.00. The company’s shares closed yesterday at $25.74.

Bolton covers the Technology sector, focusing on stocks such as Intel, Marvell, and Onto Innovation. According to TipRanks, Bolton has an average return of 35.2% and a 65.61% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ichor Holdings with a $32.67 average price target.

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ICHR market cap is currently $739.8M and has a P/E ratio of 11.87.

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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. 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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