Ichor (NASDAQ:ICHR) Stock Price Down 3.1% – Time to Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR) was down 3.1% during mid-day trading on Thursday . The stock traded as low as $30.01 and last traded at $30.25. Approximately 25,202 shares changed hands during trading, a decline of 92% from the average daily volume of 298,706 shares. The stock had previously closed at $31.23.

Analyst Ratings Changes

Several equities research analysts have weighed in on ICHR shares. B. Riley reaffirmed a “buy” rating and issued a $38.00 price target (up from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. TD Cowen boosted their target price on Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. DA Davidson started coverage on Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Oppenheimer initiated coverage on Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective for the company. Two investment 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.57.

Ichor Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 3.64 and a quick ratio of 1.69. The company’s fifty day moving average price is $31.01 and its 200 day moving average price is $32.49. The company has a market cap of $1.01 billion, a PE ratio of -32.04 and a beta of 1.93.

Ichor (NASDAQ:ICHR) last posted its earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $211.14 million for the quarter, compared to analysts’ expectations of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) EPS. On average, equities research analysts predict that Ichor Holdings, Ltd. will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Ichor

Institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its stake in shares of Ichor by 15.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,800 shares of the technology company’s stock worth $648,000 after purchasing an additional 2,200 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Ichor by 11.4% in the second quarter. Bank of New York Mellon Corp now owns 248,346 shares of the technology company’s stock valued at $9,574,000 after buying an additional 25,432 shares during the period. Principal Financial Group Inc. raised its stake in shares of Ichor by 8.3% in the second quarter. Principal Financial Group Inc. now owns 165,410 shares of the technology company’s stock valued at $6,377,000 after buying an additional 12,705 shares during the period. Natixis Advisors LLC lifted its position in shares of Ichor by 51.0% during the 2nd quarter. Natixis Advisors LLC now owns 42,433 shares of the technology company’s stock valued at $1,636,000 after buying an additional 14,326 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Ichor by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 99,197 shares of the technology company’s stock worth $3,824,000 after acquiring an additional 7,669 shares during the period. 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.