StockNews.com Downgrades Ichor (NASDAQ:ICHR) to Sell

Ichor (NASDAQ:ICHR) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

ICHR has been the topic of several other research reports. Needham & Company LLC reissued a “hold” rating on shares of Ichor in a research report on Wednesday, February 5th. B. Riley reissued a “buy” rating and set a $38.00 price objective (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Finally, TD Cowen reduced their target price on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ichor has an average rating of “Moderate Buy” and a consensus target price of $42.29.

Ichor Stock Up 3.1 %

Ichor stock opened at $30.98 on Tuesday. Ichor has a 1-year low of $25.95 and a 1-year high of $45.21. The business has a fifty day moving average price of $31.19 and a 200-day moving average price of $30.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -47.66 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share 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%. Equities research analysts forecast that Ichor will post 1.01 EPS for the current fiscal 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 sale, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Ichor

Several hedge funds have recently bought and sold shares of ICHR. Janney Montgomery Scott LLC lifted its stake in shares of Ichor by 1.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock valued at $694,000 after purchasing an additional 373 shares during the period. Victory Capital Management Inc. raised its position in shares of Ichor by 1.1% in the fourth quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company’s stock worth $1,422,000 after acquiring an additional 467 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Ichor by 12.6% during the 4th quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company’s stock worth $195,000 after acquiring an additional 675 shares in the last quarter. Quarry LP grew its position in shares of Ichor by 80.4% during 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 during the period. Finally, Signaturefd LLC grew its position in shares of Ichor by 214.6% during the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock valued at $40,000 after acquiring an additional 854 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

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.