Ichor (NASDAQ:ICHR) Reaches New 52-Week Low – Here’s Why

Ichor Holdings, Ltd. (NASDAQ:ICHR) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $18.95 and last traded at $19.11, with a volume of 110865 shares trading hands. The stock had previously closed at $22.61.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ICHR. Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a report on Wednesday, February 5th. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, TD Cowen decreased their target price on shares of Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Three equities research 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.29.

Ichor Trading Down 21.1 %

The stock’s fifty day simple moving average is $28.66 and its 200 day simple moving average is $30.08. The firm has a market capitalization of $606.95 million, a PE ratio of -27.46 and a beta of 1.88. 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 announced its 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%. On average, sell-side analysts predict that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insider Transactions at Ichor

In other news, Director Jorge Titinger sold 3,000 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 9,832 shares in the company, valued at $315,017.28. This trade represents a 23.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Ichor

A number of institutional investors have recently bought and sold shares of ICHR. Quarry LP boosted its stake in shares of Ichor by 80.4% in the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after acquiring an additional 698 shares during the period. KBC Group NV lifted its holdings in Ichor by 83.5% in the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after purchasing an additional 949 shares in the last quarter. Globeflex Capital L P bought a new position in Ichor in the 4th quarter worth approximately $93,000. Tower Research Capital LLC TRC grew its holdings in Ichor by 52.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock valued at $147,000 after buying an additional 1,578 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Ichor by 28.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock valued at $153,000 after buying an additional 1,068 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

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.