Ichor (NASDAQ:ICHR) Shares Gap Down – Time to Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s share price 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 trading hands.

Wall Street Analyst Weigh In

ICHR has been the subject of a number of analyst reports. StockNews.com cut Ichor from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. Oppenheimer cut 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. TD Cowen decreased their price objective 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. Finally, Needham & Company LLC reiterated 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 given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Ichor presently has an average rating of “Moderate Buy” and an average price target of $40.17.

Ichor Stock Performance

The stock’s 50 day simple moving average is $25.41 and its two-hundred day simple moving average is $28.97. 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 stock has a market cap of $566.96 million, a P/E ratio of -25.57 and a beta of 1.88.

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

Insider Activity

In related news, Director Jorge Titinger sold 3,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the transaction, the director now directly owns 9,832 shares of the company’s stock, valued at approximately $315,017.28. This represents a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ichor

Several large investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its position in Ichor by 0.9% during the first quarter. Rhumbline Advisers now owns 99,149 shares of the technology company’s stock worth $2,242,000 after acquiring an additional 839 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Ichor by 1,273.8% in the 1st quarter. GAMMA Investing LLC now owns 18,766 shares of the technology company’s stock valued at $4,240,000 after purchasing an additional 17,400 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Ichor during the fourth quarter worth about $1,474,000. Mackenzie Financial Corp bought a new position in Ichor during the fourth quarter worth about $682,000. Finally, PharVision Advisers LLC acquired a new position in Ichor during the fourth quarter worth approximately $331,000. 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.