Ichor (NASDAQ:ICHR) Shares Gap Down Following Analyst Downgrade

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) shares gapped down before the market opened on Wednesday after Craig Hallum lowered their price target on the stock from $55.00 to $50.00. The stock had previously closed at $38.96, but opened at $36.34. Craig Hallum currently has a buy rating on the stock. Ichor shares last traded at $35.33, with a volume of 88,787 shares changing hands.

ICHR has been the topic of a number of other reports. TD Cowen raised their price target on shares of Ichor from $42.00 to $48.00 and gave the company a "buy" rating in a report on Wednesday. Needham & Company LLC reaffirmed a "hold" rating and set a $42.00 target price on shares of Ichor in a report on Wednesday. Stifel Nicolaus lifted their target price on shares of Ichor from $40.00 to $45.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. Finally, B. Riley raised shares of Ichor from a "neutral" rating to a "buy" rating and lifted their price target for the company from $40.00 to $48.00 in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $46.60.

Insider Buying and Selling at Ichor

In related news, insider Christopher Smith sold 23,433 shares of Ichor stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.08, for a total value of $1,056,359.64. Following the transaction, the insider now directly owns 70,329 shares in the company, valued at approximately $3,170,431.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the company's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.39, for a total transaction of $327,988.14. Following the completion of the sale, the chief technology officer now directly owns 50,490 shares in the company, valued at approximately $2,291,741.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher Smith sold 23,433 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.08, for a total value of $1,056,359.64. Following the completion of the sale, the insider now owns 70,329 shares of the company's stock, valued at $3,170,431.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,659 shares of company stock worth $3,652,848. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC grew its stake in shares of Ichor by 207.2% in the 3rd quarter. Signaturefd LLC now owns 1,109 shares of the technology company's stock worth $34,000 after purchasing an additional 748 shares during the last quarter. CWM LLC boosted its position in shares of Ichor by 87.1% during the 4th quarter. CWM LLC now owns 1,100 shares of the technology company's stock valued at $37,000 after acquiring an additional 512 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Ichor during the fourth quarter worth about $41,000. PNC Financial Services Group Inc. lifted its holdings in shares of Ichor by 39.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company's stock valued at $102,000 after acquiring an additional 854 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Ichor during the third quarter worth about $143,000. 94.81% of the stock is currently owned by institutional investors.

Ichor Trading Down 2.8 %

The company has a 50-day simple moving average of $39.00 and a 200-day simple moving average of $34.62. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.57 and a current ratio of 4.06. The stock has a market cap of $1.25 billion, a P/E ratio of -25.75 and a beta of 1.98.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.13). The company had revenue of $203.48 million for the quarter, compared to analyst estimates of $197.50 million. Ichor had a negative return on equity of 0.88% and a negative net margin of 5.30%. On average, sell-side analysts forecast that Ichor Holdings, Ltd. will post 0.23 EPS for the current fiscal year.

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.