Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) shares rose 4.6% on Monday . The company traded as high as $21.45 and last traded at $21.62. Approximately 67,114 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 389,572 shares. The stock had previously closed at $20.66.
Wall Street Analyst Weigh In
ICHR has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a research report on Tuesday, May 6th. B. Riley reissued a "buy" rating and issued a $30.00 target price (up previously from $23.00) on shares of Ichor in a report on Friday, July 11th. Wall Street Zen downgraded shares of Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. TD Cowen lowered their target price on shares of Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, Stifel Nicolaus decreased their price target on shares of Ichor from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $32.67.
Get Our Latest Stock Report on Ichor
Ichor Stock Down 4.0%
The company has a market cap of $648.31 million, a PE ratio of -39.59 and a beta of 1.80. The company's 50 day moving average is $19.81 and its 200 day moving average is $23.03. The company has a current ratio of 3.09, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17.
Ichor (NASDAQ:ICHR - Get Free Report) last announced 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 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 1.84% and a negative return on equity of 0.63%. The business's quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.09) EPS. As a group, analysts predict that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.
Insider Activity at Ichor
In related news, CEO Jeff Andreson acquired 10,000 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average price of $16.86 per share, with a total value of $168,600.00. Following the completion of the transaction, the chief executive officer directly owned 285,594 shares in the company, valued at $4,815,114.84. This trade represents a 3.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.90% of the company's stock.
Institutional Investors Weigh In On Ichor
A number of institutional investors have recently added to or reduced their stakes in ICHR. American Century Companies Inc. bought a new stake in Ichor during the fourth quarter valued at about $382,000. Sei Investments Co. boosted its position in Ichor by 57.9% during the fourth quarter. Sei Investments Co. now owns 12,943 shares of the technology company's stock valued at $417,000 after purchasing an additional 4,745 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Ichor during the fourth quarter valued at about $193,000. JPMorgan Chase & Co. raised its stake in Ichor by 73.6% in the fourth quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company's stock valued at $19,030,000 after buying an additional 250,383 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Ichor by 66.1% in the fourth quarter. Franklin Resources Inc. now owns 133,573 shares of the technology company's stock valued at $4,304,000 after buying an additional 53,134 shares during the last quarter. Institutional investors own 94.81% of the company's stock.
Ichor Company Profile
(
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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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