Ichor (NASDAQ:ICHR) Hits New 12-Month Low – What’s Next?

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $15.33 and last traded at $15.52, with a volume of 39835 shares. The stock had previously closed at $15.78.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Cowen reduced their target price on shares of Ichor from $38.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Oppenheimer cut their price target on Ichor from $35.00 to $25.00 and set a “market perform” rating on the stock in a report on Friday, April 11th. Stifel Nicolaus dropped their target price on shares of Ichor from $35.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen downgraded shares of Ichor from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. Finally, DA Davidson dropped their target price on shares of Ichor from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.00.

Ichor Stock Down 0.4%

The firm has a 50 day simple moving average of $18.80 and a two-hundred day simple moving average of $26.59. The company has a market capitalization of $536.03 million, a PE ratio of -24.18 and a beta of 1.83. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last issued its earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). The firm had revenue of $244.47 million during the quarter, compared to analysts’ expectations of $244.95 million. Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. The firm’s revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) EPS. Research analysts expect that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insider Activity

In other Ichor news, CEO Jeff Andreson purchased 10,000 shares of Ichor stock in a transaction dated Thursday, May 8th. The stock was acquired at an average cost of $16.86 per share, with a total value of $168,600.00. Following the acquisition, the chief executive officer now directly owns 285,594 shares of the company’s stock, valued at $4,815,114.84. This represents a 3.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Trading of Ichor

Several hedge funds have recently modified their holdings of the business. KBC Group NV raised its holdings in Ichor by 83.5% during the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after purchasing an additional 949 shares during the last quarter. Quarry LP raised its holdings in Ichor by 54.9% during the fourth quarter. Quarry LP now owns 2,426 shares of the technology company’s stock worth $78,000 after purchasing an additional 860 shares during the last quarter. Globeflex Capital L P acquired a new position in Ichor during the fourth quarter worth $93,000. Tower Research Capital LLC TRC raised its position in Ichor by 52.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock worth $147,000 after acquiring an additional 1,578 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Ichor during the fourth quarter worth about $193,000. 94.81% of the stock is owned by institutional investors and hedge funds.

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.