Ichor (NASDAQ:ICHR) Shares Down 3%

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price traded down 3% during trading on Friday . The company traded as low as $30.86 and last traded at $30.86. 29,301 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 167,083 shares. The stock had previously closed at $31.80.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. B. Riley increased their price objective on shares of Ichor from $30.00 to $40.00 in a research report on Monday, July 17th. Stifel Nicolaus increased their price objective on shares of Ichor from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, August 7th. TheStreet downgraded shares of Ichor from a “b-” rating to a “c+” rating in a research report on Friday, August 11th. StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. Finally, Needham & Company LLC dropped their target price on shares of Ichor from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, August 25th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $38.83.

Ichor Price Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.75 and a current ratio of 4.25. The company’s fifty day simple moving average is $34.93 and its two-hundred day simple moving average is $32.63. The stock has a market capitalization of $892.77 million, a PE ratio of 39.06 and a beta of 1.96.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, August 8th. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The business had revenue of $185.01 million for the quarter, compared to analysts’ expectations of $180.03 million. Ichor had a net margin of 2.11% and a return on equity of 9.38%. As a group, sell-side analysts predict that Ichor Holdings, Ltd. will post 0.14 EPS for the current year.

Insider Buying and Selling

In related news, CTO Philip Ryan Sr. Barros sold 14,965 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $34.46, for a total value of $515,693.90. Following the sale, the chief technology officer now directly owns 57,485 shares of the company’s stock, valued at $1,980,933.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Thomas M. Rohrs sold 80,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $36.78, for a total transaction of $2,942,400.00. Following the transaction, the director now directly owns 93,764 shares of the company’s stock, valued at $3,448,639.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Philip Ryan Sr. Barros sold 14,965 shares of Ichor stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $34.46, for a total transaction of $515,693.90. Following the completion of the sale, the chief technology officer now owns 57,485 shares of the company’s stock, valued at approximately $1,980,933.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,552 shares of company stock valued at $3,478,017. Insiders own 2.80% of the company’s stock.

Institutional Trading of Ichor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its stake in Ichor by 48.3% during the third quarter. Public Employees Retirement System of Ohio now owns 1,155 shares of the technology company’s stock valued at $28,000 after purchasing an additional 376 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Ichor during the second quarter valued at $28,000. UBS Group AG boosted its holdings in shares of Ichor by 73.8% during the third quarter. UBS Group AG now owns 1,582 shares of the technology company’s stock valued at $39,000 after acquiring an additional 672 shares during the period. Belpointe Asset Management LLC acquired a new position in shares of Ichor during the fourth quarter valued at $43,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Ichor by 51.5% during the second quarter. Harbor Investment Advisory LLC now owns 1,186 shares of the technology company’s stock valued at $44,000 after acquiring an additional 403 shares during the period. Institutional investors own 89.69% 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. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning.