Ichor (NASDAQ:ICHR) Shares Down 5.9% - What's Next?

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) was down 5.9% during trading on Tuesday . The company traded as low as $21.11 and last traded at $21.27. Approximately 128,418 shares changed hands during trading, a decline of 62% from the average daily volume of 340,390 shares. The stock had previously closed at $22.60.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ICHR shares. TD Cowen dropped their price objective on shares of Ichor from $38.00 to $28.00 and set a "buy" rating on the stock 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 research note on Tuesday, May 6th. Oppenheimer lowered their price target on Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a research note on Friday, April 11th. Wall Street Zen cut shares of Ichor from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $32.67.

Ichor Stock Down 1.9%

The firm has a fifty day moving average price of $19.53 and a 200 day moving average price of $23.28. The company has a current ratio of 3.09, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $704.92 million, a price-to-earnings ratio of -43.04 and a beta of 1.80.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its 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). The business had revenue of $244.47 million for the quarter, compared to the consensus estimate of $244.95 million. Ichor had a negative return on equity of 0.63% and a negative net margin of 1.84%. The business's revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. Sell-side analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jeff Andreson purchased 10,000 shares of the company's stock in a transaction on Thursday, May 8th. The shares were purchased at an average cost of $16.86 per share, with a total value of $168,600.00. Following the completion of the transaction, the chief executive officer owned 285,594 shares of the company's stock, valued at $4,815,114.84. The trade was a 3.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Ichor

Several institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in Ichor by 95.1% during the second quarter. GAMMA Investing LLC now owns 1,619 shares of the technology company's stock worth $32,000 after acquiring an additional 789 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Ichor during the 2nd quarter worth approximately $37,000. Quarry LP boosted its holdings in shares of Ichor by 54.9% in the 4th quarter. Quarry LP now owns 2,426 shares of the technology company's stock valued at $78,000 after purchasing an additional 860 shares in the last quarter. CWM LLC raised its stake in Ichor by 105.6% during the second quarter. CWM LLC now owns 4,532 shares of the technology company's stock worth $89,000 after acquiring an additional 2,328 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Ichor by 99,483.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,975 shares of the technology company's stock valued at $117,000 after purchasing an additional 5,969 shares during the last quarter. Institutional investors 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.