Ichor (NASDAQ:ICHR) Reaches New 12-Month Low – Should You Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $23.47 and last traded at $23.53, with a volume of 96464 shares traded. The stock had previously closed at $25.19.

Wall Street Analyst Weigh In

ICHR has been the topic of several research analyst reports. TD Cowen decreased their price target 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. StockNews.com lowered Ichor from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Finally, Needham & Company LLC restated a “hold” rating on shares of Ichor in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Ichor has a consensus rating of “Moderate Buy” and an average target price of $42.29.

Ichor Stock Performance

The stock has a 50-day moving average of $29.14 and a 200-day moving average of $30.21. 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 firm has a market cap of $788.53 million, a price-to-earnings ratio of -35.68 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (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%. As a group, analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Insider Activity

In other news, Director Jorge Titinger sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the sale, the director now directly owns 9,832 shares of the company’s stock, valued at $315,017.28. This trade represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Ichor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICHR. Quarry LP lifted its position in Ichor by 80.4% during the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after acquiring an additional 698 shares during the last quarter. KBC Group NV lifted its position in shares of Ichor by 83.5% during 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 during the period. Globeflex Capital L P bought a new stake in Ichor during the fourth quarter worth about $93,000. Tower Research Capital LLC TRC lifted its holdings in shares of Ichor by 52.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock worth $147,000 after acquiring an additional 1,578 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Ichor by 28.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,068 shares during the last quarter. 94.81% of the stock is 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.