Ichor (NASDAQ:ICHR) Shares Down 5.6% – Should You Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR) fell 5.6% during trading on Tuesday . The stock traded as low as $32.42 and last traded at $32.46. 54,921 shares traded hands during trading, a decline of 82% from the average session volume of 301,387 shares. The stock had previously closed at $34.37.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Oppenheimer assumed coverage on Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target for the company. DA Davidson began coverage on shares of Ichor in a research note on Thursday, September 26th. They issued a “buy” rating and a $50.00 price target on the stock. Needham & Company LLC cut their price objective on shares of Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. TD Cowen upped their target price on Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, StockNews.com raised Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ichor currently has a consensus rating of “Moderate Buy” and an average price target of $42.57.

Ichor Trading Down 1.4 %

The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -34.58 and a beta of 1.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. The firm has a fifty day moving average price of $29.99 and a 200-day moving average price of $33.12.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. Ichor’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.09) earnings per share. As a group, equities analysts anticipate that Ichor Holdings, Ltd. will post -0.1 EPS for the current year.

Institutional Trading of Ichor

Several large investors have recently bought and sold shares of the business. Meros Investment Management LP boosted its stake in Ichor by 85.4% in the third quarter. Meros Investment Management LP now owns 197,119 shares of the technology company’s stock valued at $6,270,000 after buying an additional 90,791 shares in the last quarter. Geode Capital Management LLC boosted its stake in Ichor by 3.6% in the third quarter. Geode Capital Management LLC now owns 795,794 shares of the technology company’s stock valued at $25,319,000 after buying an additional 27,540 shares in the last quarter. Barclays PLC boosted its stake in Ichor by 377.6% in the third quarter. Barclays PLC now owns 56,787 shares of the technology company’s stock valued at $1,808,000 after buying an additional 44,897 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Ichor during the third quarter valued at about $207,000. Finally, Hodges Capital Management Inc. boosted its stake in shares of Ichor by 2.8% during the third quarter. Hodges Capital Management Inc. now owns 142,870 shares of the technology company’s stock valued at $4,545,000 after purchasing an additional 3,950 shares in the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

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.