Ichor (NASDAQ:ICHR) Shares Gap Down – Should You Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR) gapped down before the market opened on Monday . The stock had previously closed at $32.00, but opened at $30.00. Ichor shares last traded at $29.95, with a volume of 34,838 shares changing hands.

Wall Street Analyst Weigh In

ICHR has been the topic of several research reports. DA Davidson assumed coverage on Ichor in a research note on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price on the stock. Needham & Company LLC cut Ichor from a “buy” rating to a “hold” rating in a research note on Monday. B. Riley reiterated a “buy” rating and set a $38.00 target price (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. TD Cowen lifted their target price on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Oppenheimer started coverage on shares of Ichor in a research note on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target on the stock. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.57.

Ichor Trading Up 1.4 %

The firm’s 50 day moving average is $32.32 and its 200 day moving average is $31.76. 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 has a market cap of $1.05 billion, a PE ratio of -33.33 and a beta of 1.92.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The firm had revenue of $211.14 million during the quarter, compared to analyst estimates of $203.24 million. During the same period in the previous year, the business earned ($0.09) EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts anticipate 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 business. Quarry LP grew its holdings in shares of Ichor by 99.5% during the second quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after purchasing an additional 433 shares in the last quarter. GAMMA Investing LLC raised its stake in Ichor by 136.2% in the third 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 in the last quarter. Signaturefd LLC lifted its position in 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 purchasing an additional 854 shares during the last quarter. CWM LLC increased its holdings in shares of 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 last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 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.