Ichor (NASDAQ:ICHR) Reaches New 12-Month Low – Here’s What Happened

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $25.26 and last traded at $25.39, with a volume of 8934 shares trading hands. The stock had previously closed at $26.20.

Analyst Upgrades and Downgrades

ICHR has been the subject of a number of research reports. TD Cowen reduced their target price on shares of Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, January 17th. StockNews.com cut shares of Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Ichor currently has a consensus rating of “Moderate Buy” and an average target price of $42.29.

Ichor Stock Up 1.6 %

The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average is $30.50 and its 200-day moving average is $30.46. The stock has a market capitalization of $855.86 million, a PE ratio of -38.72 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last issued its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. On average, equities research analysts predict that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insider Activity

In related news, Director Jorge Titinger sold 3,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 9,832 shares in the company, valued at approximately $315,017.28. This trade represents a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Ichor

A number of hedge funds have recently bought and sold shares of ICHR. Quarry LP raised its stake in Ichor by 80.4% during the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after purchasing an additional 698 shares during the period. KBC Group NV grew its holdings in Ichor by 83.5% during the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after purchasing an additional 949 shares in the last quarter. Globeflex Capital L P acquired a new stake in Ichor during the 4th quarter valued at $93,000. Tower Research Capital LLC TRC grew its holdings in Ichor by 52.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock valued at $147,000 after purchasing an additional 1,578 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ichor by 28.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock valued at $153,000 after purchasing an additional 1,068 shares in 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.