Ichor (NASDAQ:ICHR) Stock Price Down 4.1% - What's Next?

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) traded down 4.1% on Tuesday . The stock traded as low as $20.21 and last traded at $20.23. 54,852 shares changed hands during trading, a decline of 82% from the average session volume of 310,446 shares. The stock had previously closed at $21.09.

Analyst Ratings Changes

ICHR has been the subject of a number of research analyst reports. TD Cowen reduced their target price on Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a report on Friday, January 17th. StockNews.com lowered shares of Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a research report on Wednesday, February 5th. Finally, Oppenheimer cut their target price on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a research report on Friday, April 11th. One investment 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $40.17.

Ichor Stock Down 5.5 %

The firm has a market cap of $679.70 million, a P/E ratio of -30.64 and a beta of 1.88. The business's fifty day moving average price is $23.83 and its two-hundred day moving average price is $28.53. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17.

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

Insider Buying and Selling at Ichor

In related news, Director Jorge Titinger sold 3,000 shares of the business'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 completion of the transaction, the director now owns 9,832 shares of the company's stock, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Ichor

Several large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its position in shares of Ichor by 1.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company's stock valued at $694,000 after purchasing an additional 373 shares during the period. Victory Capital Management Inc. boosted its position in shares of Ichor by 1.1% during the 4th quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company's stock valued at $1,422,000 after acquiring an additional 467 shares in the last quarter. Meeder Asset Management Inc. raised its position in Ichor by 12.6% in the fourth quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company's stock worth $195,000 after purchasing an additional 675 shares in the last quarter. Rhumbline Advisers boosted its holdings in Ichor by 0.9% during the first 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 in the last quarter. Finally, Quarry LP raised 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 buying an additional 860 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

About Ichor

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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