Ichor (NASDAQ:ICHR) Stock Price Down 7.7% – Here’s What Happened

Ichor Holdings, Ltd. (NASDAQ:ICHR) was down 7.7% during mid-day trading on Wednesday . The stock traded as low as $25.29 and last traded at $25.28. Approximately 60,207 shares changed hands during trading, a decline of 81% from the average daily volume of 321,356 shares. The stock had previously closed at $27.38.

Analyst Upgrades and Downgrades

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

Ichor Trading Down 7.9 %

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. The stock has a market capitalization of $788.53 million, a price-to-earnings ratio of -35.68 and a beta of 1.91. The business has a fifty day simple moving average of $29.29 and a 200 day simple moving average of $30.22.

Ichor (NASDAQ:ICHR) last released 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, research analysts expect that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insider Buying and Selling

In other news, Director Jorge Titinger sold 3,000 shares of the company’s 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 completion of the sale, the director now owns 9,832 shares of the company’s stock, valued at approximately $315,017.28. This represents a 23.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ICHR. Quarry LP increased its stake in shares of 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 purchasing an additional 698 shares during the last quarter. KBC Group NV raised its stake in Ichor by 83.5% during the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after acquiring an additional 949 shares in the last quarter. Globeflex Capital L P acquired a new stake in shares of Ichor in the 4th quarter valued at approximately $93,000. Tower Research Capital LLC TRC boosted its stake in shares of 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 purchasing an additional 1,578 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Ichor by 28.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock valued at $153,000 after purchasing an additional 1,068 shares during the last quarter. 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.