Ichor (NASDAQ:ICHR) Cut to Sell at StockNews.com

StockNews.com cut shares of Ichor (NASDAQ:ICHR) from a hold rating to a sell rating in a report published on Tuesday.

ICHR has been the topic of a number of other research reports. 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. Finally, B. Riley reiterated a “buy” rating and set a $38.00 target price (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.29.

Ichor Stock Performance

NASDAQ:ICHR opened at $29.44 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. Ichor has a fifty-two week low of $25.95 and a fifty-two week high of $45.21. The company has a market cap of $993.10 million, a price-to-earnings ratio of -45.29 and a beta of 1.91. The stock has a fifty day moving average price of $31.18 and a 200-day moving average price of $30.68.

Ichor (NASDAQ:ICHR) last posted 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 return on equity of 1.38% and a negative net margin of 2.45%. As a group, equities analysts anticipate that Ichor will post 1.01 EPS for the current fiscal year.

Insider Transactions at Ichor

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the company’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 sale, the director now 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 legal filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in shares of Ichor by 157.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock worth $10,823,000 after buying an additional 208,328 shares during the period. State Street Corp boosted its stake in Ichor by 1.8% during the third quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock worth $39,207,000 after acquiring an additional 21,804 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Ichor by 65.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,904 shares of the technology company’s stock worth $1,746,000 after purchasing an additional 21,810 shares during the period. Foundry Partners LLC bought a new stake in Ichor in the third quarter valued at $3,107,000. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Ichor by 50.1% during the third quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company’s stock valued at $3,865,000 after purchasing an additional 40,575 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.

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.