Ichor (NASDAQ:ICHR) Rating Lowered to “Sell” at StockNews.com

StockNews.com lowered shares of Ichor (NASDAQ:ICHR) from a hold rating to a sell rating in a report issued on Tuesday morning.

A number of other research firms have also weighed in on ICHR. TD Cowen lowered their target price on shares of Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. B. Riley reiterated a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of Ichor in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.29.

Ichor Trading Down 5.0 %

Shares of Ichor stock opened at $29.44 on Tuesday. The stock has a market capitalization of $993.10 million, a P/E ratio of -45.29 and a beta of 1.91. Ichor has a 52-week low of $25.95 and a 52-week high of $45.21. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. The stock’s 50-day simple moving average is $31.18 and its 200 day simple moving average is $30.68.

Ichor (NASDAQ:ICHR) last posted its quarterly 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%. As a group, research analysts anticipate that Ichor will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total value 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. The trade was a 23.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Ichor

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC grew its holdings in shares of Ichor by 214.6% during 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 last quarter. Quarry LP lifted its position in Ichor by 80.4% in the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock valued at $50,000 after acquiring an additional 698 shares in the last quarter. KBC Group NV boosted its stake in Ichor by 83.5% during the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after purchasing an additional 949 shares during the last quarter. Globeflex Capital L P bought a new stake in shares of Ichor in the 4th quarter worth $93,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Ichor by 52.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock worth $147,000 after purchasing an additional 1,578 shares during the last quarter. 94.81% of the stock is currently 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.