StockNews.com Lowers Ichor (NASDAQ:ICHR) to Sell

Ichor (NASDAQ:ICHR) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

ICHR has been the topic of several other reports. Craig Hallum cut their target price on shares of Ichor from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. TD Cowen upped their price objective on Ichor from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Stifel Nicolaus increased their price objective on Ichor from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Needham & Company LLC reissued a “hold” rating and set a $42.00 target price on shares of Ichor in a research note on Wednesday, May 8th. Finally, B. Riley upgraded Ichor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $40.00 to $48.00 in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.60.

Ichor Trading Down 0.4 %

Shares of NASDAQ ICHR traded down $0.11 during trading on Tuesday, reaching $28.06. The stock had a trading volume of 246,843 shares, compared to its average volume of 318,910. The business’s 50-day moving average price is $37.31 and its 200-day moving average price is $38.67. Ichor has a fifty-two week low of $22.26 and a fifty-two week high of $46.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.78 and a current ratio of 4.16. The company has a market cap of $939.17 million, a P/E ratio of -15.85 and a beta of 1.94.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The business had revenue of $201.38 million for the quarter, compared to analysts’ expectations of $200.00 million. Ichor had a negative return on equity of 2.93% and a negative net margin of 6.61%. On average, equities research analysts predict that Ichor will post -0.2 EPS for the current fiscal year.

Insider Transactions at Ichor

In related news, CEO Jeff Andreson sold 21,400 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $38.74, for a total transaction of $829,036.00. Following the completion of the transaction, the chief executive officer now owns 282,141 shares in the company, valued at $10,930,142.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Ichor

Several institutional investors have recently added to or reduced their stakes in the business. CWM LLC increased its stake in Ichor by 87.1% in the fourth quarter. CWM LLC now owns 1,100 shares of the technology company’s stock valued at $37,000 after purchasing an additional 512 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Ichor during the 4th quarter worth $41,000. PNC Financial Services Group Inc. raised its stake in Ichor by 39.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock worth $102,000 after acquiring an additional 854 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Ichor in the fourth quarter valued at $181,000. Finally, ProShare Advisors LLC acquired a new position in Ichor in the first quarter valued at $225,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

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.