Stifel Nicolaus Issues Pessimistic Forecast for Ichor (NASDAQ:ICHR) Stock Price

Ichor (NASDAQ:ICHR - Get Free Report) had its price objective decreased by analysts at Stifel Nicolaus from $35.00 to $28.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Stifel Nicolaus' price objective would indicate a potential upside of 73.77% from the stock's previous close.

Several other research firms have also recently weighed in on ICHR. 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. Oppenheimer cut their target price on Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a report on Friday, April 11th. Needham & Company LLC reissued a "hold" rating on shares of Ichor in a research note on Tuesday. Finally, StockNews.com lowered Ichor from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $37.00.

Ichor Trading Down 22.7 %

Shares of ICHR stock traded down $4.73 during trading on Tuesday, hitting $16.11. 605,048 shares of the stock traded hands, compared to its average volume of 313,415. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49. Ichor has a 52-week low of $15.40 and a 52-week high of $42.70. The firm has a market capitalization of $549.66 million, a P/E ratio of -24.73 and a beta of 1.83. The firm's fifty day moving average price is $22.63 and its 200-day moving average price is $28.24.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The technology company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. The firm had revenue of $244.47 million during the quarter, compared to the consensus estimate of $244.95 million. During the same quarter last year, the firm earned ($0.09) earnings per share. The business's revenue for the quarter was up 21.4% on a year-over-year basis. As a group, research analysts forecast that Ichor will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Ichor

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the sale, the director now directly owns 9,832 shares in the company, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company's stock.

Institutional Trading of Ichor

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Ichor by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,724,058 shares of the technology company's stock worth $55,547,000 after buying an additional 111,337 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Ichor by 20.2% during the fourth quarter. Royce & Associates LP now owns 864,245 shares of the technology company's stock valued at $27,846,000 after buying an additional 145,278 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Ichor by 18.7% in the fourth quarter. Nuveen Asset Management LLC now owns 777,289 shares of the technology company's stock valued at $25,044,000 after purchasing an additional 122,280 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Ichor by 73.6% during the 4th quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company's stock worth $19,030,000 after acquiring an additional 250,383 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Ichor by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 502,293 shares of the technology company's stock worth $16,184,000 after purchasing an additional 29,536 shares during the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.