Ichor (NASDAQ:ICHR) Trading 9% Higher - What's Next?

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report)'s stock price rose 9% on Tuesday . The stock traded as high as $21.46 and last traded at $21.41. Approximately 381,940 shares traded hands during trading, an increase of 14% from the average daily volume of 334,691 shares. The stock had previously closed at $19.64.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ICHR shares. TD Cowen cut their target price on Ichor from $38.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Stifel Nicolaus lowered their price target on shares of Ichor from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Oppenheimer dropped their price objective on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a research note on Friday, April 11th. Wall Street Zen lowered shares of Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. One investment 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $34.00.

Ichor Stock Down 1.1%

The company has a quick ratio of 1.32, a current ratio of 3.09 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $18.28 and a two-hundred day simple moving average of $24.42. The stock has a market capitalization of $711.57 million, a P/E ratio of -43.45 and a beta of 1.80.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its earnings results 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). The firm 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 0.63% and a negative net margin of 1.84%. The firm's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.09) EPS. Equities research analysts forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at Ichor

In other Ichor news, CEO Jeff Andreson bought 10,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were bought at an average price of $16.86 per share, for a total transaction of $168,600.00. Following the completion of the acquisition, the chief executive officer owned 285,594 shares of the company's stock, valued at approximately $4,815,114.84. This trade represents a 3.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division bought a new position in shares of Ichor in the second quarter worth about $37,000. Quarry LP increased its holdings in shares of Ichor by 54.9% in the fourth quarter. Quarry LP now owns 2,426 shares of the technology company's stock valued at $78,000 after purchasing an additional 860 shares in the last quarter. Globeflex Capital L P acquired a new stake in shares of Ichor in the fourth quarter valued at approximately $93,000. Tower Research Capital LLC TRC raised its position in Ichor by 52.9% in the 4th 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, KLP Kapitalforvaltning AS acquired a new position in Ichor during the 4th quarter worth $193,000. Institutional investors and hedge funds own 94.81% of the company's stock.

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.