Ichor (NASDAQ:ICHR) Stock Price Down 3.1% – Here’s What Happened

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s share price traded down 3.1% during mid-day trading on Thursday . The stock traded as low as $30.01 and last traded at $30.25. 25,202 shares were traded during trading, a decline of 92% from the average session volume of 298,706 shares. The stock had previously closed at $31.23.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ICHR. Oppenheimer began coverage on shares of Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price on the stock. TD Cowen upped their price objective on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. B. Riley reiterated a “buy” rating and issued a $38.00 target price (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Finally, DA Davidson assumed coverage on Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.57.

Ichor Stock Down 4.9 %

The firm’s 50-day moving average is $30.98 and its two-hundred day moving average is $32.56. 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 stock has a market cap of $1.00 billion, a P/E ratio of -31.95 and a beta of 1.93.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ICHR. Quarry LP lifted its holdings in Ichor by 99.5% in the second quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after buying an additional 433 shares during the period. GAMMA Investing LLC grew its stake in shares of Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after purchasing an additional 625 shares during the period. Signaturefd LLC lifted its stake in Ichor by 214.6% in the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock valued at $40,000 after buying an additional 854 shares during the period. CWM LLC boosted its holdings in Ichor by 134.9% during the third quarter. CWM LLC now owns 3,617 shares of the technology company’s stock worth $115,000 after buying an additional 2,077 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 buying an additional 1,068 shares during the period. 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.