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

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

Wall Street Analyst Weigh In

ICHR has been the topic of several research analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Ichor in a research report on Tuesday, May 6th. Oppenheimer lowered their price target on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a report on Friday, April 11th. Wall Street Zen cut shares of Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Stifel Nicolaus reduced their price target on shares of Ichor from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Finally, TD Cowen reduced their price target on shares of Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $34.00.

Ichor Price Performance

The business has a 50 day moving average of $18.13 and a 200 day moving average of $25.92. The company has a market cap of $641.46 million, a PE ratio of -28.92 and a beta of 1.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $244.47 million for the quarter, compared to analysts' expectations of $244.95 million. Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. The business's quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.09) EPS. As a group, research analysts predict that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insider Buying and Selling at Ichor

In other Ichor news, CEO Jeff Andreson acquired 10,000 shares of Ichor stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average cost of $16.86 per share, for a total transaction of $168,600.00. Following the acquisition, the chief executive officer now owns 285,594 shares of the company's stock, valued at $4,815,114.84. This represents a 3.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Ichor

Several large investors have recently bought and sold shares of ICHR. American Century Companies Inc. grew its stake in shares of Ichor by 10,313.1% during the 1st quarter. American Century Companies Inc. now owns 1,233,437 shares of the technology company's stock valued at $27,888,000 after acquiring an additional 1,221,592 shares during the period. Nuveen LLC bought a new position in Ichor in the 1st quarter valued at $13,726,000. Wellington Management Group LLP grew its position in Ichor by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 1,663,070 shares of the technology company's stock valued at $37,602,000 after acquiring an additional 496,866 shares during the last quarter. Oberweis Asset Management Inc. bought a new position in shares of Ichor during the 4th quarter worth $10,884,000. Finally, Raymond James Financial Inc. bought a new position in shares of Ichor during the 4th quarter worth $8,489,000. 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.