Ichor (NASDAQ:ICHR) Shares Gap Up - What's Next?

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $28.21, but opened at $30.12. Ichor shares last traded at $30.42, with a volume of 105,167 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. TD Cowen lowered their target price 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 reaffirmed a "hold" rating on shares of Ichor in a research note on Wednesday. Finally, B. Riley reiterated a "buy" rating and set a $38.00 target price (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. 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, Ichor presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.29.

Ichor Stock Down 0.3 %

The stock's 50-day moving average price is $31.33 and its 200-day moving average price is $30.55. The company has a current ratio of 3.34, a quick ratio of 1.69 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -49.85 and a beta of 1.91.

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 net margin of 2.45% and a negative return on equity of 1.38%. On average, sell-side analysts expect that Ichor Holdings, Ltd. will post 0.86 earnings per share for the current year.

Insider Buying and Selling

In other Ichor news, Director Jorge Titinger sold 3,000 shares of Ichor 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by insiders.

Institutional Trading of Ichor

A number of hedge funds have recently bought and sold shares of ICHR. GAMMA Investing LLC increased its position in shares of Ichor by 136.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company's stock valued at $34,000 after purchasing an additional 625 shares during the last quarter. Signaturefd LLC boosted its position in Ichor by 214.6% during the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company's stock worth $40,000 after purchasing an additional 854 shares during the period. Quarry LP grew its stake in Ichor by 80.4% in the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company's stock valued at $50,000 after buying an additional 698 shares in the last quarter. KBC Group NV grew its position in shares of Ichor by 83.5% in the fourth 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 in the last quarter. Finally, CWM LLC raised its stake in shares of Ichor by 134.9% during the 3rd quarter. CWM LLC now owns 3,617 shares of the technology company's stock valued at $115,000 after purchasing an additional 2,077 shares during the period. 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.