Ichor (NASDAQ:ICHR) Shares Gap Down – Here’s What Happened

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) gapped down before the market opened on Monday . The stock had previously closed at $17.33, but opened at $16.71. Ichor shares last traded at $16.60, with a volume of 10,136 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ICHR shares. TD Cowen reduced their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Oppenheimer reduced their price target on shares of Ichor from $35.00 to $25.00 and set a “market perform” rating on the stock in a research report on Friday, April 11th. StockNews.com lowered shares of Ichor from a “hold” rating to a “sell” rating in a report on Thursday, April 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Ichor currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.17.

Ichor Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49. The business has a 50 day moving average price of $24.81 and a two-hundred day moving average price of $28.80. The stock has a market cap of $601.07 million, a PE ratio of -27.11 and a beta of 1.88.

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

Insider Activity 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 transaction, the director now directly owns 9,832 shares of the company’s stock, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ichor

Large investors have recently modified their holdings of the stock. KBC Group NV boosted its position 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 acquiring an additional 949 shares in the last quarter. Quarry LP lifted its stake in shares of Ichor by 54.9% in the 4th quarter. Quarry LP now owns 2,426 shares of the technology company’s stock valued at $78,000 after purchasing an additional 860 shares during the period. Globeflex Capital L P bought a new stake in shares of Ichor during the fourth quarter valued at approximately $93,000. Tower Research Capital LLC TRC grew its stake in Ichor by 52.9% in the fourth 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 period. Finally, KLP Kapitalforvaltning AS bought a new position in Ichor in the fourth quarter worth $193,000. Institutional investors 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.