RBC Capital Sticks to Its Buy Rating for Ichor Holdings Ltd

By Carrie Williams

In a report issued on June 15, Amit Daryanani from RBC Capital reiterated a Buy rating on Ichor Holdings Ltd (NASDAQ: ICHR), with a price target of $24. The company’s shares closed yesterday at $22.91.

According to TipRanks.com, Daryanani is a top 25 analyst with an average return of 26.3% and a 86.8% success rate. Daryanani covers the Technology sector, focusing on stocks such as Brocade Communication Systems Inc, Hewlett Packard Enterprise, and Benchmark Electronics.

Ichor Holdings Ltd has an analyst consensus of Strong Buy, with a price target consensus of $24.67.

Ichor Holdings Ltd’s market cap is currently $567.5M and has a P/E ratio of 275.36. The company has a book value ratio of 3.5005.

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Ichor Holdings Ltd. engages in the design, engineering, and manufacturing of fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems and manufactures components for internal use in fluid delivery systems and for direct sales of the customers. The gas delivery subsystems deliver, monitor, and control precise quantities of the specialized gases used in semiconductor manufacturing processes such as etch and deposition. The chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes such as chemical-mechanical planarization, or CMP, electroplating, and cleaning. The company is headquartered in Fremont, CA.