Ichor (NASDAQ:ICHR) Raised to “Hold” at StockNews.com

Ichor (NASDAQ:ICHR) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

ICHR has been the subject of a number of other reports. Needham & Company LLC restated a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. TD Cowen dropped their price objective on shares of Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.29.

Ichor Stock Performance

NASDAQ:ICHR traded up $0.31 during mid-day trading on Wednesday, hitting $22.61. 202,866 shares of the company’s stock traded hands, compared to its average volume of 295,730. The firm has a market capitalization of $768.81 million, a price-to-earnings ratio of -34.78 and a beta of 1.88. The firm has a 50 day moving average of $28.66 and a two-hundred day moving average of $30.08. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. Ichor has a 12 month low of $21.48 and a 12 month high of $42.70.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) earnings per share 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%. On average, equities analysts forecast that Ichor will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Ichor

In related news, Director Jorge Titinger sold 3,000 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the sale, the director now owns 9,832 shares in the company, valued at $315,017.28. This trade represents a 23.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Ichor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP boosted its holdings in shares of Ichor by 80.4% in the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after acquiring an additional 698 shares in the last quarter. KBC Group NV raised its position in Ichor by 83.5% in the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after purchasing an additional 949 shares during the last quarter. Globeflex Capital L P bought a new position in Ichor in the 4th quarter valued at $93,000. Tower Research Capital LLC TRC boosted its stake in Ichor by 52.9% in the fourth 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Ichor by 28.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,068 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

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.