Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $17.33, but opened at $16.71. Ichor shares last traded at $16.60, with a volume of 10,136 shares changing hands.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Oppenheimer lowered their price objective 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. TD Cowen lowered their price target on Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, January 17th. StockNews.com downgraded shares of Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Finally, Needham & Company LLC restated a "hold" rating on shares of Ichor in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $40.17.
View Our Latest Report on Ichor
Ichor Stock Performance
The business's 50 day simple moving average is $24.11 and its 200 day simple moving average is $28.60. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The company has a market cap of $727.63 million, a P/E ratio of -32.82 and a beta of 1.88.
Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. Sell-side analysts predict that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Jorge Titinger sold 3,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the transaction, the director now directly owns 9,832 shares in the company, valued at approximately $315,017.28. This represents a 23.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company's stock.
Institutional Investors Weigh In On Ichor
A number of hedge funds have recently bought and sold shares of ICHR. Janney Montgomery Scott LLC raised its position in shares of Ichor by 1.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company's stock valued at $694,000 after buying an additional 373 shares in the last quarter. Victory Capital Management Inc. increased 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 acquiring an additional 467 shares during the last quarter. Meeder Asset Management Inc. raised its position in Ichor by 12.6% during the fourth quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company's stock valued at $195,000 after purchasing an additional 675 shares during the period. Rhumbline Advisers lifted its stake in shares of Ichor by 0.9% in the 1st quarter. Rhumbline Advisers now owns 99,149 shares of the technology company's stock valued at $2,242,000 after purchasing an additional 839 shares during the last quarter. Finally, 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 worth $78,000 after purchasing an additional 860 shares during the period. Hedge funds and other institutional investors own 94.81% of the company's stock.
About Ichor
(
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.
See Also
Before you consider Ichor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ichor wasn't on the list.
While Ichor currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
