Ichor (NASDAQ:ICHR) Reaches New 1-Year Low – What’s Next?

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) reached a new 52-week low on Friday . The stock traded as low as $23.47 and last traded at $23.53, with a volume of 96464 shares trading hands. The stock had previously closed at $25.19.

Analyst Upgrades and Downgrades

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

Ichor Stock Down 7.9 %

The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average of $29.14 and a two-hundred day moving average of $30.21. The stock has a market capitalization of $788.53 million, a price-to-earnings ratio of -35.68 and a beta of 1.91.

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

Insider Activity

In related news, Director Jorge Titinger sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the sale, the director now directly owns 9,832 shares in the company, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by insiders.

Institutional Trading of Ichor

Institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its stake in shares of Ichor by 1.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock worth $694,000 after purchasing an additional 373 shares during the period. Victory Capital Management Inc. lifted its position in Ichor by 1.1% in the fourth quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company’s stock worth $1,422,000 after purchasing an additional 467 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Ichor by 12.6% during the 4th quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company’s stock worth $195,000 after acquiring an additional 675 shares during the period. Quarry LP lifted its stake in Ichor by 80.4% during the third 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 period. Finally, Swiss National Bank lifted its position in shares of Ichor by 1.4% during the 4th quarter. Swiss National Bank now owns 66,200 shares of the technology company’s stock worth $2,133,000 after buying an additional 900 shares during the period. 94.81% of the stock is currently 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.