Ichor Holdings (ICHR) Receives a Buy from B.Riley FBR

In a report released today, Craig Ellis from B.Riley FBR reiterated a Buy rating on Ichor Holdings (ICHRResearch Report), with a price target of $45.00. The company’s shares closed last Monday at $30.90.

According to TipRanks.com, Ellis is a 5-star analyst with an average return of 10.1% and a 63.8% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, Skyworks Solutions, and Applied Materials.

Currently, the analyst consensus on Ichor Holdings is a Strong Buy with an average price target of $34.57, a 12.4% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $40.00 price target.

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Based on Ichor Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $923K. In comparison, last year the company had a net profit of $3.49 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.