Ichor (NASDAQ:ICHR) Sees Unusually-High Trading Volume – Time to Buy?

Ichor Holdings, Ltd. (NASDAQ:ICHR) saw an uptick in trading volume on Friday . 104,082 shares changed hands during mid-day trading, a decline of 4% from the previous session’s volume of 108,345 shares.The stock last traded at $32.20 and had previously closed at $32.29.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ICHR shares. B. Riley reiterated a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. TD Cowen raised their price target on Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. DA Davidson assumed coverage on shares of Ichor in a research note on Thursday, September 26th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Oppenheimer began coverage on shares of Ichor in a research report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ichor presently has an average rating of “Moderate Buy” and a consensus target price of $42.57.

Ichor Trading Up 0.8 %

The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.10 billion, a PE ratio of -34.99 and a beta of 1.93. The stock has a 50 day moving average price of $31.65 and a 200-day moving average price of $32.10.

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

Hedge Funds Weigh In On Ichor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP lifted its position in shares of Ichor by 99.5% during the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after buying an additional 433 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Ichor by 136.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock valued at $34,000 after purchasing an additional 625 shares during the period. Signaturefd LLC lifted its stake 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 buying an additional 854 shares in the last quarter. CWM LLC boosted its holdings in Ichor by 134.9% in the 3rd quarter. CWM LLC now owns 3,617 shares of the technology company’s stock worth $115,000 after buying an additional 2,077 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Ichor by 28.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after buying an additional 1,068 shares in the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

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.