Ichor (NASDAQ:ICHR) Shares Down 7.7% – Here’s What Happened

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s share price was down 7.7% during mid-day trading on Wednesday . The stock traded as low as $25.29 and last traded at $25.28. Approximately 60,207 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 321,356 shares. The stock had previously closed at $27.38.

Analyst Ratings Changes

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

Ichor Stock Down 7.9 %

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 firm has a market capitalization of $788.53 million, a P/E ratio of -35.68 and a beta of 1.91. The stock has a 50 day moving average of $29.29 and a 200-day moving average of $30.22.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share 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%. Research analysts predict that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at Ichor

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the business’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 value of $96,120.00. Following the completion of the transaction, the director now owns 9,832 shares of the company’s stock, valued at $315,017.28. The trade was a 23.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is owned by insiders.

Institutional Trading of Ichor

Hedge funds have recently made changes to their positions in the stock. Quarry LP increased its stake in Ichor by 80.4% in the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock valued at $50,000 after acquiring an additional 698 shares during the last quarter. KBC Group NV boosted its holdings in shares of Ichor by 83.5% in the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after purchasing an additional 949 shares in the last quarter. Globeflex Capital L P bought a new position in shares of Ichor during the 4th quarter valued at about $93,000. Tower Research Capital LLC TRC raised its holdings in shares of 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 buying an additional 1,578 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Ichor by 28.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after buying an additional 1,068 shares during the last quarter. 94.81% of the stock is owned by institutional investors.

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.