Ichor (NASDAQ:ICHR) Shares Gap Down – Time to Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price gapped down prior to trading 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 Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ICHR shares. Needham & Company LLC downgraded shares of Ichor from a “buy” rating to a “hold” rating in a research report on Monday. Oppenheimer began coverage on shares of Ichor in a research report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price for the company. TD Cowen lifted their price objective on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. B. Riley reiterated a “buy” rating and issued a $38.00 price target (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Finally, DA Davidson assumed coverage on Ichor in a research report on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.57.

Ichor Stock Down 4.6 %

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. The company has a market cap of $1.03 billion, a P/E ratio of -32.84 and a beta of 1.92. The firm’s 50 day moving average price is $32.26 and its two-hundred day moving average price is $31.86.

Ichor (NASDAQ:ICHR) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $203.24 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. Ichor’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that Ichor Holdings, Ltd. will post -0.1 EPS for the current fiscal year.

Institutional Trading of Ichor

Large investors have recently bought and sold shares of the company. Quarry LP grew its stake in shares of Ichor by 99.5% during the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after acquiring an additional 433 shares during the period. GAMMA Investing LLC increased its stake in shares of 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 shares of Ichor by 214.6% in 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 period. CWM LLC increased its position in shares of Ichor by 134.9% during the third quarter. CWM LLC now owns 3,617 shares of the technology company’s stock valued at $115,000 after buying an additional 2,077 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 buying an additional 1,068 shares during the period. 94.81% of the stock is owned by hedge funds and other 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.