Ichor (NASDAQ:ICHR) Shares Down 3.7% – What’s Next?

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) traded down 3.7% during mid-day trading on Friday . The company traded as low as $18.36 and last traded at $18.28. 42,219 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 319,814 shares. The stock had previously closed at $18.98.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. StockNews.com lowered Ichor from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. Stifel Nicolaus reduced their price objective on Ichor from $35.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Needham & Company LLC reiterated a “hold” rating on shares of Ichor in a research note on Tuesday, May 6th. DA Davidson reduced their price objective on Ichor from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Finally, TD Cowen reduced their price objective on Ichor from $38.00 to $28.00 and set a “buy” rating for the company 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 stock. According to MarketBeat.com, Ichor currently has a consensus rating of “Hold” and a consensus target price of $34.00.

Ichor Trading Down 3.6%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. The company has a 50 day moving average of $20.80 and a two-hundred day moving average of $27.63. The stock has a market cap of $624.40 million, a PE ratio of -28.15 and a beta of 1.83.

Ichor (NASDAQ:ICHR) last announced its quarterly 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). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. The business had revenue of $244.47 million during the quarter, compared to analysts’ expectations of $244.95 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. Ichor’s revenue for the quarter was up 21.4% on a year-over-year basis. Sell-side analysts anticipate that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Insider Activity at Ichor

In other Ichor news, CEO Jeff Andreson purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average price of $16.86 per share, for a total transaction of $168,600.00. Following the purchase, the chief executive officer now directly owns 285,594 shares in the company, valued at approximately $4,815,114.84. This trade represents a 3.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ichor

A number of hedge funds have recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of Ichor by 377.6% during the third quarter. Barclays PLC now owns 56,787 shares of the technology company’s stock valued at $1,808,000 after acquiring an additional 44,897 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Ichor by 1.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock valued at $694,000 after acquiring an additional 373 shares during the last quarter. Linden Thomas Advisory Services LLC raised its holdings in shares of Ichor by 23.3% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 15,784 shares of the technology company’s stock valued at $509,000 after acquiring an additional 2,984 shares during the last quarter. KBC Group NV raised its holdings in shares of Ichor by 83.5% during the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after acquiring an additional 949 shares during the last quarter. Finally, Hodges Capital Management Inc. raised its holdings in shares of Ichor by 52.0% during the fourth quarter. Hodges Capital Management Inc. now owns 217,125 shares of the technology company’s stock valued at $6,996,000 after acquiring an additional 74,255 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Company Profile

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.