Ichor (NASDAQ:ICHR) Downgraded by StockNews.com to “Sell”

Ichor (NASDAQ:ICHR) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

ICHR has been the topic of a number of other research reports. B. Riley reissued a “buy” rating and set a $38.00 price target (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a report on Wednesday, February 5th. Finally, TD Cowen reduced their target price on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.29.

Ichor Stock Performance

Shares of NASDAQ ICHR traded down $2.36 during trading hours on Tuesday, reaching $30.05. 549,585 shares of the stock were exchanged, compared to its average volume of 309,633. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -46.23 and a beta of 1.91. 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 52 week low of $25.95 and a 52 week high of $45.21. The stock’s fifty day simple moving average is $31.23 and its 200 day simple moving average is $30.67.

Ichor (NASDAQ:ICHR) last issued 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%. Sell-side analysts predict that Ichor will post 1.01 EPS for the current year.

Insider Activity at Ichor

In related news, Director Jorge Titinger sold 3,000 shares of the firm’s stock in a transaction 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 sale, the director now owns 9,832 shares of the company’s stock, valued at $315,017.28. This trade represents a 23.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ichor

Several hedge funds have recently modified their holdings of ICHR. Signaturefd LLC boosted its holdings in shares of Ichor by 214.6% during the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock valued at $40,000 after acquiring an additional 854 shares in the last quarter. Quarry LP raised its position in Ichor by 80.4% during the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after purchasing an additional 698 shares during the last quarter. KBC Group NV raised 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 worth $67,000 after purchasing an additional 949 shares during the last quarter. Globeflex Capital L P bought a new position in Ichor during the 4th quarter worth $93,000. Finally, Tower Research Capital LLC TRC raised its position in Ichor by 52.9% during the 4th 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 last quarter. 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.