Ichor (NASDAQ:ICHR) Reaches New 12-Month Low – Here’s What Happened

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) hit a new 52-week low on Tuesday . The stock traded as low as $25.26 and last traded at $25.39, with a volume of 8934 shares. The stock had previously closed at $26.20.

Analyst Ratings Changes

ICHR has been the subject of several recent analyst reports. 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 shares of Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.29.

Ichor Price Performance

The company’s fifty day moving average price is $30.50 and its 200 day moving average price is $30.46. 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 capitalization of $855.86 million, a price-to-earnings ratio of -38.72 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last issued 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 net margin of 2.45% and a negative return on equity of 1.38%. Equities research analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Jorge Titinger sold 3,000 shares of the business’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 value of $96,120.00. Following the sale, the director now directly owns 9,832 shares in the company, valued at $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 available through this link. 2.20% of the stock is owned by insiders.

Institutional Trading of Ichor

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its holdings in shares of Ichor by 1.8% in the 4th 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. raised its holdings in shares of Ichor by 1.1% in the 4th quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company’s stock worth $1,422,000 after purchasing an additional 467 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Ichor by 12.6% in the 4th quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company’s stock worth $195,000 after purchasing an additional 675 shares in the last quarter. Quarry LP raised its holdings in shares of Ichor by 80.4% in the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after purchasing an additional 698 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Ichor by 1.4% in 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 in the last quarter. 94.81% of the stock is currently owned by institutional investors.

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.