Ichor (NASDAQ:ICHR) Sets New 52-Week Low - Time to Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company 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.

Analyst Upgrades and Downgrades

ICHR has been the topic of several recent analyst reports. TD Cowen dropped their price objective on Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Oppenheimer lowered their price objective on Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a research note on Friday, April 11th. Needham & Company LLC restated a "hold" rating on shares of Ichor in a research report on Tuesday, May 6th. Wall Street Zen downgraded shares of Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Finally, DA Davidson decreased their price target on shares of Ichor from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Ichor currently has a consensus rating of "Hold" and a consensus target price of $34.00.

Ichor Trading Up 2.7%

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 capitalization of $615.52 million, a P/E ratio of -27.75 and a beta of 1.83. The stock has a fifty day simple moving average of $18.24 and a 200 day simple moving average of $26.28.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share 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 during the quarter, compared to the consensus estimate of $244.95 million. During the same quarter in the prior year, the firm posted ($0.09) EPS. The company's revenue for the quarter was up 21.4% on a year-over-year basis. As a group, research analysts forecast that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insider Activity at Ichor

In related news, CEO Jeff Andreson acquired 10,000 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average cost of $16.86 per share, for a total transaction of $168,600.00. Following the purchase, the chief executive officer now directly owns 285,594 shares of the company's stock, valued at $4,815,114.84. This trade represents a 3.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its stake in shares of Ichor by 1.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company's stock valued at $694,000 after purchasing an additional 373 shares in the last quarter. Victory Capital Management Inc. raised its stake in Ichor by 1.1% during the fourth quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company's stock worth $1,422,000 after purchasing an additional 467 shares during the period. Cerity Partners LLC grew its position in Ichor by 5.9% in the first quarter. Cerity Partners LLC now owns 9,521 shares of the technology company's stock worth $215,000 after acquiring an additional 533 shares during the period. Meeder Asset Management Inc. raised its holdings in Ichor by 12.6% in the 4th quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company's stock valued at $195,000 after buying an additional 675 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Ichor by 0.9% in the 1st quarter. Rhumbline Advisers now owns 99,149 shares of the technology company's stock worth $2,242,000 after acquiring an additional 839 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

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.