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Ichor (NASDAQ:ICHR) Downgraded to "Sell" Rating by Wall Street Zen

Ichor logo with Computer and Technology background

Key Points

  • Ichor Holdings has been downgraded from a "hold" rating to a "sell" rating by analysts at Wall Street Zen, reflecting a negative outlook on the stock's performance.
  • According to recent reports, various analysts have mixed views on Ichor, with one stating a price target of $18.00 and others maintaining hold or buy ratings with price objectives ranging from $21.00 to $23.00.
  • The company's latest financial results showed a loss of $0.03 EPS, missing expectations, although it reported an 18.2% increase in year-over-year revenue to $240.29 million.
  • Looking to export and analyze Ichor data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Ichor (NASDAQ:ICHR - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

ICHR has been the topic of a number of other reports. Oppenheimer set a $21.00 price target on shares of Ichor and gave the stock a "market perform" rating in a research note on Tuesday, August 5th. TD Cowen lowered their price target on shares of Ichor from $28.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. B. Riley cut shares of Ichor from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research note on Tuesday, August 5th. Stifel Nicolaus set a $23.00 price target on shares of Ichor and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Ichor has an average rating of "Hold" and a consensus price target of $23.80.

View Our Latest Report on ICHR

Ichor Stock Performance

ICHR traded down $0.33 during trading on Friday, hitting $18.58. The stock had a trading volume of 661,517 shares, compared to its average volume of 487,887. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.32 and a current ratio of 3.22. The firm has a market capitalization of $637.76 million, a P/E ratio of -30.50 and a beta of 1.75. The company's 50-day moving average price is $19.91 and its 200 day moving average price is $22.23. Ichor has a twelve month low of $13.12 and a twelve month high of $36.48.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.11). The firm had revenue of $240.29 million during the quarter, compared to analyst estimates of $234.51 million. Ichor had a negative net margin of 2.23% and a negative return on equity of 0.77%. The business's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. On average, equities research analysts forecast that Ichor will post 1.01 EPS for the current fiscal year.

Insider Activity

In other Ichor news, Director Marc Haugen acquired 3,000 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $53,250.00. Following the transaction, the director directly owned 42,960 shares of the company's stock, valued at approximately $762,540. This represents a 7.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Iain Mackenzie acquired 25,000 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average price of $16.63 per share, for a total transaction of $415,750.00. Following the completion of the transaction, the director directly owned 60,011 shares in the company, valued at approximately $997,982.93. This represents a 71.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in Ichor by 52.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock valued at $147,000 after purchasing an additional 1,578 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ichor by 5.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,780 shares of the technology company's stock valued at $605,000 after purchasing an additional 959 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Ichor by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 168,688 shares of the technology company's stock valued at $3,814,000 after purchasing an additional 4,803 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Ichor by 19.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,633 shares of the technology company's stock valued at $2,115,000 after purchasing an additional 10,729 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Ichor by 27.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 21,578 shares of the technology company's stock valued at $695,000 after purchasing an additional 4,635 shares in the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Company Profile

(Get Free Report)

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.

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