Ichor (NASDAQ:ICHR) Hits New 1-Year Low – Should You Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $26.34 and last traded at $26.47, with a volume of 189055 shares traded. The stock had previously closed at $29.29.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ICHR shares. TD Cowen reduced their price target on shares of Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 17th. B. Riley reaffirmed 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, Needham & Company LLC cut shares of Ichor from a “buy” rating to a “hold” rating in a report on Monday, January 13th. 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.com, Ichor has a consensus rating of “Moderate Buy” and an average price target of $42.29.

Ichor Trading Down 9.5 %

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 business’s 50 day moving average price is $32.00 and its 200-day moving average price is $31.19. The firm has a market capitalization of $893.85 million, a price-to-earnings ratio of -28.49 and a beta of 1.92.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping 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 business had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. During the same period in the previous year, the business posted ($0.09) earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. Equities analysts forecast that Ichor Holdings, Ltd. will post -0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ICHR. Tectonic Advisors LLC grew its position in shares of Ichor by 6.4% in the fourth quarter. Tectonic Advisors LLC now owns 35,593 shares of the technology company’s stock valued at $1,147,000 after purchasing an additional 2,132 shares during the last quarter. Hodges Capital Management Inc. grew its position in shares of Ichor by 52.0% in the fourth quarter. Hodges Capital Management Inc. now owns 217,125 shares of the technology company’s stock valued at $6,996,000 after purchasing an additional 74,255 shares during the last quarter. KBC Group NV grew its position in shares of Ichor by 83.5% in the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after purchasing an additional 949 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Ichor by 23.3% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 15,784 shares of the technology company’s stock valued at $509,000 after purchasing an additional 2,984 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Ichor by 1.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock valued at $694,000 after purchasing an additional 373 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

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.