Ichor (NASDAQ:ICHR) Trading Down 5.6% – Should You Sell?

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) were down 5.6% during mid-day trading on Tuesday . The stock traded as low as $32.42 and last traded at $32.46. Approximately 54,921 shares traded hands during trading, a decline of 82% from the average daily volume of 301,387 shares. The stock had previously closed at $34.37.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. DA Davidson began coverage on shares of Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 target price for the company. TD Cowen boosted their price objective on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. B. Riley reissued a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Oppenheimer initiated coverage on shares of Ichor in a research report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price target for the company. Finally, StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.57.

Ichor Stock Performance

The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average price is $29.82 and its 200 day moving average price is $33.16. The firm has a market capitalization of $1.10 billion, a PE ratio of -36.96 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned ($0.09) EPS. On average, research analysts anticipate that Ichor Holdings, Ltd. will post -0.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Quarry LP grew its holdings in Ichor by 99.5% during the second quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after purchasing an additional 433 shares during the last quarter. CWM LLC raised its holdings in Ichor by 50.5% in the 2nd quarter. CWM LLC now owns 1,540 shares of the technology company’s stock worth $59,000 after acquiring an additional 517 shares during the period. Amalgamated Bank lifted its position in Ichor by 6.1% during the 2nd quarter. Amalgamated Bank now owns 10,025 shares of the technology company’s stock worth $386,000 after acquiring an additional 577 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock valued at $34,000 after acquiring an additional 625 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Ichor by 214.6% in the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after purchasing an additional 854 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

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.