Ichor (NASDAQ:ICHR) Shares Gap Down – Time to Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $20.90, but opened at $19.55. Ichor shares last traded at $18.69, with a volume of 56,567 shares.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a research report on Wednesday, February 5th. TD Cowen lowered their target price on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, January 17th. Finally, StockNews.com raised Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $42.29.

Ichor Stock Performance

The firm has a market capitalization of $617.66 million, a price-to-earnings ratio of -28.43 and a beta of 1.88. The company has a 50-day moving average price of $27.33 and a 200-day moving average price of $29.60. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate 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 forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insider Buying and Selling at Ichor

In related news, Director Jorge Titinger sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the transaction, the director now owns 9,832 shares of the company’s stock, valued at $315,017.28. This trade represents a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ichor

Several hedge funds and other institutional investors have recently bought and sold shares of ICHR. JPMorgan Chase & Co. lifted its stake in Ichor by 157.9% during the third quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock valued at $10,823,000 after purchasing an additional 208,328 shares during the last quarter. State Street Corp grew its holdings in shares of Ichor by 1.8% in the 3rd quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock worth $39,207,000 after acquiring an additional 21,804 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Ichor by 65.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,904 shares of the technology company’s stock worth $1,746,000 after purchasing an additional 21,810 shares during the period. Barclays PLC lifted its holdings in shares of Ichor by 377.6% during the third quarter. Barclays PLC now owns 56,787 shares of the technology company’s stock valued at $1,808,000 after purchasing an additional 44,897 shares during the last quarter. Finally, Meros Investment Management LP boosted its position in shares of Ichor by 85.4% in the 3rd quarter. Meros Investment Management LP now owns 197,119 shares of the technology company’s stock valued at $6,270,000 after purchasing an additional 90,791 shares during the period. 94.81% of the stock is currently owned by institutional investors.

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.