Ichor (NASDAQ:ICHR) Sets New 52-Week Low - What's Next?

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $15.33 and last traded at $15.52, with a volume of 39835 shares trading hands. The stock had previously closed at $15.78.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. DA Davidson dropped their price objective on Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. TD Cowen dropped their price objective on Ichor from $38.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. Stifel Nicolaus lowered their target price on Ichor from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, Oppenheimer lowered their target price on Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Ichor has a consensus rating of "Hold" and an average target price of $34.00.

Ichor Stock Up 1.4%

The firm has a fifty day moving average price of $18.45 and a 200-day moving average price of $26.43. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The firm has a market cap of $601.88 million, a price-to-earnings ratio of -27.14 and a beta of 1.83.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $244.47 million for the quarter, compared to analyst estimates of $244.95 million. During the same quarter last year, the business earned ($0.09) EPS. Ichor's revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insider Activity at Ichor

In other news, CEO Jeff Andreson bought 10,000 shares of Ichor stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average price of $16.86 per share, for a total transaction of $168,600.00. Following the completion of the acquisition, the chief executive officer now owns 285,594 shares of the company's stock, valued at $4,815,114.84. The trade was a 3.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in Ichor by 0.9% in the first quarter. Rhumbline Advisers now owns 99,149 shares of the technology company's stock valued at $2,242,000 after acquiring an additional 839 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Ichor by 286.0% during the first quarter. Jane Street Group LLC now owns 53,277 shares of the technology company's stock worth $1,205,000 after purchasing an additional 39,476 shares in the last quarter. S Squared Technology LLC lifted its stake in shares of Ichor by 21.1% during the first quarter. S Squared Technology LLC now owns 278,910 shares of the technology company's stock worth $6,306,000 after purchasing an additional 48,566 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ichor by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company's stock worth $444,000 after purchasing an additional 865 shares in the last quarter. Finally, Cinctive Capital Management LP acquired a new position in shares of Ichor during the first quarter worth about $1,356,000. Institutional investors and hedge funds own 94.81% of the company's stock.

Ichor Company Profile

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.