Ichor (NASDAQ:ICHR) Stock Price Down 3.1% – Should You Sell?

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

Wall Street Analysts Forecast Growth

ICHR has been the subject of several analyst reports. Oppenheimer assumed coverage on shares of Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective for the company. TD Cowen increased their price objective on Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. B. Riley restated a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Finally, DA Davidson initiated coverage on Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 price target on the stock. Two research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.57.

Ichor Stock Performance

The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -31.95 and a beta of 1.93. The firm’s 50 day moving average price is $30.98 and its 200-day moving average price is $32.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.64 and a quick ratio of 1.69.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data 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 net margin of 3.51% and a negative return on equity of 2.14%. The company had revenue of $211.14 million for the quarter, compared to the consensus estimate of $203.24 million. During the same quarter in the previous year, the firm posted ($0.09) EPS. The business’s revenue was up 7.3% compared to the same quarter last year. On average, analysts anticipate that Ichor Holdings, Ltd. will post -0.1 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP raised its stake in shares of Ichor by 99.5% in 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 Ichor by 136.2% in the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after purchasing an additional 625 shares in the last quarter. Signaturefd LLC raised its position in Ichor by 214.6% in the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after purchasing an additional 854 shares in the last quarter. CWM LLC lifted its stake in Ichor by 134.9% during the third quarter. CWM LLC now owns 3,617 shares of the technology company’s stock worth $115,000 after purchasing an additional 2,077 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ichor by 28.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock valued at $153,000 after purchasing an additional 1,068 shares in the last quarter. 94.81% of the stock is 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.