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Ichor Holdings (ICHR) Surges: Stock Moves 11.7% Higher

Ichor Holdings, Ltd.ICHR was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $23.62 to $27.76 in the past one-month time frame.

The move came after a Deutsche Bank analyst raised the company's target price, citing an important new contract and a positive spending environment for semiconductor manufacturing tools as the driving factors.

The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Ichor Holdings currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

Ichor Holdings, Ltd. Price

Ichor Holdings, Ltd. Price | Ichor Holdings, Ltd. Quote

A better-ranked stock in the Electronics - Semiconductors industry is SMART Global Holdings, Inc. SGH , which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

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Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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