Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) shot up 10.7% during mid-day trading on Tuesday . The company traded as high as $18.89 and last traded at $19.05. 349,012 shares were traded during mid-day trading, an increase of 4% from the average session volume of 335,667 shares. The stock had previously closed at $17.21.
Analyst Ratings Changes
A number of analysts have weighed in on ICHR shares. DA Davidson lowered their price target on Ichor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen downgraded Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. TD Cowen reduced their price target on Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Stifel Nicolaus decreased their price target on shares of Ichor from $35.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ichor currently has a consensus rating of "Hold" and an average price target of $34.00.
Get Our Latest Report on ICHR
Ichor Price Performance
The company has a debt-to-equity ratio of 0.17, a current ratio of 3.09 and a quick ratio of 1.32. The stock has a market cap of $652.03 million, a P/E ratio of -39.81 and a beta of 1.76. The business's fifty day moving average price is $18.03 and its 200 day moving average price is $24.92.
Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). Ichor had a negative return on equity of 0.63% and a negative net margin of 1.84%. The business had revenue of $244.47 million during the quarter, compared to the consensus estimate of $244.95 million. During the same period in the prior year, the firm earned ($0.09) EPS. The business's revenue for the quarter was up 21.4% compared to the same quarter last year. Sell-side analysts forecast that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.
Insider Buying and Selling at Ichor
In related news, CEO Jeff Andreson acquired 10,000 shares of the stock in a transaction dated Thursday, May 8th. The stock was purchased at an average cost of $16.86 per share, with a total value of $168,600.00. Following the completion of the purchase, the chief executive officer now directly owns 285,594 shares in the company, valued at $4,815,114.84. This trade represents a 3.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Ichor
A number of hedge funds have recently bought and sold shares of the company. Rhumbline Advisers lifted its position in shares of Ichor by 0.9% during the 1st quarter. Rhumbline Advisers now owns 99,149 shares of the technology company's stock worth $2,242,000 after buying an additional 839 shares in the last quarter. Jane Street Group LLC boosted its position in Ichor by 286.0% in the first quarter. Jane Street Group LLC now owns 53,277 shares of the technology company's stock worth $1,205,000 after purchasing an additional 39,476 shares during the last quarter. S Squared Technology LLC grew its position in Ichor by 21.1% during the first quarter. S Squared Technology LLC now owns 278,910 shares of the technology company's stock valued at $6,306,000 after buying an additional 48,566 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ichor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company's stock valued at $444,000 after acquiring an additional 865 shares during the period. Finally, Cinctive Capital Management LP purchased a new stake in Ichor in the first quarter worth $1,356,000. 94.81% of the stock is owned by hedge funds and other institutional investors.
Ichor Company Profile
(
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.
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