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

Ichor Holdings, Ltd. (NASDAQ:ICHR) fell 7.7% on Wednesday . The company traded as low as $25.29 and last traded at $25.28. Approximately 60,207 shares were traded during mid-day 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

A number of equities research analysts have issued reports on ICHR shares. StockNews.com lowered shares of Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. TD Cowen decreased their price objective 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.29.

Ichor Stock Performance

The firm’s fifty day moving average price is $29.53 and its 200-day moving average price is $30.29. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The firm has a market cap of $853.82 million, a price-to-earnings ratio of -38.65 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last announced its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. Analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insider Activity at Ichor

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 stock was 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 in the company, valued at $315,017.28. This represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ICHR. Quarry LP lifted its holdings in shares of Ichor by 80.4% in the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock valued at $50,000 after purchasing an additional 698 shares in the last quarter. KBC Group NV grew its holdings in 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 buying an additional 949 shares during the last quarter. Globeflex Capital L P acquired a new position in shares of Ichor in the fourth quarter worth $93,000. Tower Research Capital LLC TRC boosted its stake in shares of Ichor by 52.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock valued at $147,000 after acquiring an additional 1,578 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 worth $153,000 after purchasing an additional 1,068 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.