Ichor (NASDAQ:ICHR) Shares Gap Down - Time to Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $17.33, but opened at $16.71. Ichor shares last traded at $16.60, with a volume of 10,136 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com lowered Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. 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. Needham & Company LLC restated a "hold" rating on shares of Ichor in a report on Wednesday, February 5th. Finally, Oppenheimer dropped their price target on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $40.17.

Ichor Stock Performance

The stock has a market capitalization of $706.92 million, a P/E ratio of -31.78 and a beta of 1.88. The stock's 50-day simple moving average is $24.36 and its 200 day simple moving average is $28.66. 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 announced its 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 return on equity of 1.38% and a negative net margin of 2.45%. Research analysts expect that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 9,832 shares in the company, valued at $315,017.28. This represents a 23.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Ichor

Institutional investors have recently made changes to their positions in the stock. KBC Group NV raised its holdings 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 acquiring an additional 949 shares in the last quarter. Quarry LP lifted its position in Ichor by 54.9% during the fourth quarter. Quarry LP now owns 2,426 shares of the technology company's stock worth $78,000 after purchasing an additional 860 shares during the period. Globeflex Capital L P acquired a new stake in Ichor during the fourth quarter worth about $93,000. Tower Research Capital LLC TRC increased its holdings in Ichor by 52.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock valued at $147,000 after buying an additional 1,578 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Ichor in the 4th quarter valued at approximately $193,000. 94.81% of the stock is currently owned by institutional investors.

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.