Ichor (NASDAQ:ICHR) Shares Up 7.3% - Time to Buy?

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report)'s stock price shot up 7.3% on Monday . The stock traded as high as $19.14 and last traded at $19.35. 32,433 shares were traded during trading, a decline of 90% from the average session volume of 332,880 shares. The stock had previously closed at $18.04.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ICHR. TD Cowen lowered their target price on Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. DA Davidson lowered their target price on Ichor from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Wall Street Zen lowered Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a report on Tuesday, May 6th. Finally, Oppenheimer reduced their price target on Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a report on Friday, April 11th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $34.00.

Ichor Trading Up 3.7%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. The company has a 50-day simple moving average of $18.16 and a 200 day simple moving average of $26.12. The company has a market capitalization of $638.04 million, a P/E ratio of -28.76 and a beta of 1.76.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.14). The business had revenue of $244.47 million during the quarter, compared to the consensus estimate of $244.95 million. Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. The business's quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.09) earnings per share. Sell-side analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insider Activity

In other news, CEO Jeff Andreson acquired 10,000 shares of the stock in a transaction dated Thursday, May 8th. The shares were acquired at an average cost of $16.86 per share, for a total transaction of $168,600.00. Following the completion of the transaction, the chief executive officer now owns 285,594 shares in the company, valued at approximately $4,815,114.84. This trade represents a 3.63% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of Ichor

A number of large investors have recently bought and sold shares of ICHR. KBC Group NV grew its position in Ichor by 83.5% in the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company's stock valued at $67,000 after acquiring an additional 949 shares during the period. Quarry LP grew its holdings in shares of Ichor by 54.9% during the fourth 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 last quarter. Globeflex Capital L P bought a new stake in shares of Ichor during the fourth quarter worth $93,000. Tower Research Capital LLC TRC grew its holdings in shares of Ichor by 52.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock worth $147,000 after purchasing an additional 1,578 shares during the last quarter. Finally, Headlands Technologies LLC grew its holdings in shares of Ichor by 570.9% during the first quarter. Headlands Technologies LLC now owns 8,044 shares of the technology company's stock worth $182,000 after purchasing an additional 6,845 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

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.

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