Ichor (NASDAQ:ICHR) Sets New 1-Year Low – Here’s What Happened

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price reached a new 52-week low 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.

Analyst Ratings Changes

A number of analysts have recently issued reports on ICHR shares. Needham & Company LLC reissued a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. TD Cowen lowered their price objective on shares of Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, StockNews.com lowered shares of Ichor from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.29.

Ichor Stock Down 7.9 %

The business’s 50-day simple moving average is $29.29 and its 200 day simple moving average is $30.22. The firm has a market cap of $788.53 million, a PE ratio of -35.68 and a beta of 1.91. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) 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%. As a group, equities research 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 firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.04, for a total value of $96,120.00. Following the sale, the director now directly owns 9,832 shares in the company, valued at approximately $315,017.28. This trade represents a 23.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ichor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in shares of Ichor by 1.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock worth $694,000 after purchasing an additional 373 shares in the last quarter. Victory Capital Management Inc. increased its position in Ichor by 1.1% during the 4th quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company’s stock valued at $1,422,000 after buying an additional 467 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Ichor by 12.6% in the fourth quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company’s stock valued at $195,000 after buying an additional 675 shares during the last quarter. Quarry LP boosted its holdings in Ichor by 80.4% in 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 in the last quarter. Finally, Swiss National Bank grew its stake in shares of Ichor by 1.4% during the fourth quarter. Swiss National Bank now owns 66,200 shares of the technology company’s stock worth $2,133,000 after acquiring an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

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.