Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 928,974 shares were traded during mid-day trading, an increase of 112% from the previous session's volume of 437,633 shares.The stock last traded at $16.34 and had previously closed at $14.56.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on ICHR shares. Wall Street Zen downgraded shares of Ichor from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. DA Davidson dropped their price target on Ichor from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday. TD Cowen lowered their target price on shares of Ichor from $28.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday. Stifel Nicolaus set a $23.00 price objective on shares of Ichor and gave the stock a "buy" rating in a research report on Tuesday. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $26.50.
Get Our Latest Research Report on ICHR
Ichor Trading Up 14.3%
The company has a debt-to-equity ratio of 0.17, a current ratio of 3.22 and a quick ratio of 1.32. The stock's fifty day simple moving average is $19.85 and its 200-day simple moving average is $22.64. The firm has a market cap of $567.93 million, a PE ratio of -27.29 and a beta of 1.75.
Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.11). Ichor had a negative net margin of 2.23% and a negative return on equity of 0.77%. The business had revenue of $240.29 million during the quarter, compared to analysts' expectations of $234.51 million. During the same quarter in the prior year, the firm earned $0.05 EPS. Ichor's revenue for the quarter was up 18.2% on a year-over-year basis. On average, sell-side analysts forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. purchased a new position in shares of Ichor in the fourth quarter valued at $382,000. Sei Investments Co. boosted its stake in Ichor by 57.9% in the 4th quarter. Sei Investments Co. now owns 12,943 shares of the technology company's stock worth $417,000 after buying an additional 4,745 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Ichor during the fourth quarter worth approximately $193,000. JPMorgan Chase & Co. grew its position in Ichor by 73.6% during the fourth quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company's stock valued at $19,030,000 after acquiring an additional 250,383 shares during the period. Finally, Franklin Resources Inc. lifted its position in Ichor by 66.1% during the fourth quarter. Franklin Resources Inc. now owns 133,573 shares of the technology company's stock valued at $4,304,000 after buying an additional 53,134 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.
About Ichor
(
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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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