Ichor (NASDAQ:ICHR) Shares Gap Up - Here's What Happened

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $20.88, but opened at $21.38. Ichor shares last traded at $20.86, with a volume of 17,557 shares traded.

Wall Street Analysts Forecast Growth

ICHR has been the subject of several analyst reports. TD Cowen reduced their price target on shares of Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Oppenheimer dropped their target price on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a report on Friday, April 11th. StockNews.com lowered shares of Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Ichor in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Ichor currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.17.

Ichor Stock Performance

The stock has a market capitalization of $661.79 million, a PE ratio of -29.85 and a beta of 1.88. 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 firm's fifty day moving average price is $23.54 and its two-hundred day moving average price is $28.47.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. As a group, equities research analysts forecast that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insiders Place Their Bets

In related news, Director Jorge Titinger sold 3,000 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the transaction, the director now owns 9,832 shares of the company's stock, valued at $315,017.28. This trade represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in Ichor by 157.9% during the third quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company's stock worth $10,823,000 after purchasing an additional 208,328 shares during the period. Barclays PLC lifted its holdings in Ichor by 377.6% in the third quarter. Barclays PLC now owns 56,787 shares of the technology company's stock worth $1,808,000 after purchasing an additional 44,897 shares during the period. Hodges Capital Management Inc. lifted its position in Ichor by 52.0% in the fourth quarter. Hodges Capital Management Inc. now owns 217,125 shares of the technology company's stock worth $6,996,000 after purchasing an additional 74,255 shares during the period. Swiss National Bank grew its stake in shares of Ichor by 1.4% in the 4th quarter. Swiss National Bank now owns 66,200 shares of the technology company's stock worth $2,133,000 after purchasing an additional 900 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in Ichor by 26.3% during the 4th quarter. Handelsbanken Fonder AB now owns 10,100 shares of the technology company's stock valued at $325,000 after acquiring an additional 2,100 shares in the last quarter. 94.81% of the stock is currently 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.