Ichor (NASDAQ:ICHR) Stock Rating Lowered by StockNews.com

Ichor (NASDAQ:ICHR) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

A number of other brokerages have also commented on ICHR. TD Cowen decreased their target price on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 17th. B. Riley reaffirmed a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $42.29.

Ichor Trading Down 7.3 %

Shares of ICHR stock traded down $2.36 during mid-day trading on Tuesday, hitting $30.05. The company’s stock had a trading volume of 549,585 shares, compared to its average volume of 309,633. The company’s fifty day simple moving average is $31.23 and its 200-day simple moving average is $30.67. Ichor has a 52 week low of $25.95 and a 52 week high of $45.21. 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 company has a market cap of $1.01 billion, a PE ratio of -46.23 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) earnings per share 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, equities research analysts expect that Ichor will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Ichor

In other Ichor news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the transaction, the director now owns 9,832 shares in the company, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Ichor

A number of hedge funds have recently added to or reduced their stakes in ICHR. Oberweis Asset Management Inc. acquired a new position in Ichor during the 4th quarter valued at about $10,884,000. Raymond James Financial Inc. purchased a new position in shares of Ichor in the 4th quarter worth approximately $8,489,000. JPMorgan Chase & Co. boosted its stake in shares of Ichor by 73.6% in the 4th quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company’s stock worth $19,030,000 after buying an additional 250,383 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Ichor by 20.2% in the 4th quarter. Royce & Associates LP now owns 864,245 shares of the technology company’s stock worth $27,846,000 after buying an additional 145,278 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Ichor by 18.7% in the 4th quarter. Nuveen Asset Management LLC now owns 777,289 shares of the technology company’s stock worth $25,044,000 after buying an additional 122,280 shares during the last quarter. Institutional investors and hedge funds 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.