Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $25.26 and last traded at $25.39, with a volume of 8934 shares trading hands. The stock had previously closed at $26.20.
Analyst Ratings Changes
Several brokerages have issued reports on ICHR. Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a research note on Wednesday, February 5th. StockNews.com cut shares of Ichor from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. Finally, TD Cowen decreased their target price on shares of Ichor from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.29.
Read Our Latest Analysis on ICHR
Ichor Price Performance
The stock's 50 day moving average is $30.79 and its two-hundred day moving average is $30.55. The stock has a market capitalization of $847.59 million, a PE ratio of -38.23 and a beta of 1.91. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49.
Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates 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 forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director Jorge Titinger sold 3,000 shares of Ichor 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 directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by corporate insiders.
Institutional Trading of Ichor
Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in shares of Ichor by 1.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company's stock worth $694,000 after acquiring an additional 373 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Ichor by 1.1% during the fourth quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company's stock worth $1,422,000 after buying an additional 467 shares during the last quarter. Meeder Asset Management Inc. increased its position in Ichor by 12.6% in the 4th quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company's stock valued at $195,000 after acquiring an additional 675 shares during the period. Quarry LP raised its stake in Ichor by 80.4% during the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company's stock valued at $50,000 after acquiring an additional 698 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Ichor by 1.4% in the 4th quarter. Swiss National Bank now owns 66,200 shares of the technology company's stock valued at $2,133,000 after purchasing an additional 900 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.
About Ichor
(
Get Free Report)
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.
Further Reading
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