Ichor (NASDAQ:ICHR) Trading Up 24.4% – Time to Buy?

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) rose 24.4% during trading on Wednesday . The company traded as high as $20.40 and last traded at $20.73. Approximately 300,704 shares were traded during trading, a decline of 0% from the average daily volume of 302,069 shares. The stock had previously closed at $16.67.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, April 2nd. Finally, TD Cowen cut 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. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.29.

Ichor Stock Up 25.4 %

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 business’s fifty day moving average price is $27.59 and its 200 day moving average price is $29.70. The company has a market capitalization of $710.66 million, a P/E ratio of -32.15 and a beta of 1.88.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results 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 predict that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jorge Titinger sold 3,000 shares of the firm’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 transaction of $96,120.00. Following the completion of the sale, the director now owns 9,832 shares of the company’s stock, valued at approximately $315,017.28. This trade represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ICHR. Janney Montgomery Scott LLC raised its position in Ichor by 1.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock valued at $694,000 after purchasing an additional 373 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Ichor by 1.1% in the fourth 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 holdings in shares of 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 lifted its position in Ichor by 80.4% during the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after buying an additional 698 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Ichor by 0.9% during the 1st quarter. Rhumbline Advisers now owns 99,149 shares of the technology company’s stock worth $2,242,000 after acquiring an additional 839 shares during 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.