Ichor (NASDAQ:ICHR) Trading Down 4.8% – Here’s What Happened

Ichor Holdings, Ltd. (NASDAQ:ICHR) fell 4.8% during trading on Wednesday . The company traded as low as $29.13 and last traded at $29.13. 450,100 shares were traded during trading, an increase of 44% from the average session volume of 311,794 shares. The stock had previously closed at $30.59.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ICHR shares. DA Davidson assumed coverage on shares of Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 price target on the stock. TD Cowen reduced their target price on shares of Ichor from $48.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Needham & Company LLC dropped their price objective on Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. StockNews.com raised Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, Oppenheimer assumed coverage on Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.29.

Ichor Stock Down 4.1 %

The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91. The stock has a market capitalization of $982.16 million, a P/E ratio of -16.58 and a beta of 1.90. The stock has a fifty day moving average price of $29.75 and a 200 day moving average price of $35.18.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, August 6th. The technology company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The business had revenue of $203.23 million during the quarter, compared to analyst estimates of $197.75 million. On average, research analysts forecast that Ichor Holdings, Ltd. will post -0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Lighthouse Investment Partners LLC bought a new stake in Ichor during the fourth quarter valued at $1,766,000. Wellington Management Group LLP grew its holdings in shares of Ichor by 68.5% during the fourth quarter. Wellington Management Group LLP now owns 291,389 shares of the technology company’s stock worth $9,799,000 after purchasing an additional 118,498 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Ichor by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,664,652 shares of the technology company’s stock worth $89,612,000 after purchasing an additional 41,104 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Ichor by 39.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock valued at $102,000 after purchasing an additional 854 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Ichor by 197.8% during the first quarter. BNP Paribas Financial Markets now owns 24,042 shares of the technology company’s stock valued at $929,000 after purchasing an additional 15,968 shares during the last quarter. 94.81% of the stock is owned by institutional investors.

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.