Ichor (NASDAQ:ICHR) Shares Gap Up to $37.58

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $37.58, but opened at $38.92. Ichor shares last traded at $37.67, with a volume of 27,402 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stifel Nicolaus boosted their target price on Ichor from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. TD Cowen boosted their target price on Ichor from $31.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. B. Riley raised Ichor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $48.00 in a research report on Friday. Craig Hallum began coverage on Ichor in a research report on Tuesday, April 9th. They issued a “buy” rating and a $55.00 target price for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $42.00 price target on shares of Ichor in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, Ichor currently has a consensus rating of “Moderate Buy” and an average price target of $46.40.

Ichor Trading Down 1.9 %

The stock has a 50 day simple moving average of $40.35 and a 200-day simple moving average of $33.78. The firm has a market capitalization of $1.22 billion, a P/E ratio of -25.08 and a beta of 2.02. The company has a current ratio of 4.06, a quick ratio of 1.57 and a debt-to-equity ratio of 0.43.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13). The company had revenue of $203.48 million for the quarter, compared to the consensus estimate of $197.50 million. Ichor had a negative net margin of 5.30% and a negative return on equity of 0.88%. On average, equities research analysts forecast that Ichor Holdings, Ltd. will post 0.23 EPS for the current fiscal year.

Insider Activity at Ichor

In related news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.39, for a total transaction of $327,988.14. Following the completion of the transaction, the chief technology officer now directly owns 50,490 shares in the company, valued at approximately $2,291,741.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.39, for a total value of $327,988.14. Following the transaction, the chief technology officer now directly owns 50,490 shares of the company’s stock, valued at approximately $2,291,741.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas M. Rohrs sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.37, for a total value of $2,268,500.00. Following the completion of the transaction, the director now directly owns 43,764 shares in the company, valued at $1,985,572.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,659 shares of company stock worth $3,652,848. 2.20% of the stock is owned by company insiders.

Institutional Trading of Ichor

Several hedge funds have recently modified their holdings of ICHR. JPMorgan Chase & Co. raised its holdings in shares of Ichor by 62.2% during the 1st quarter. JPMorgan Chase & Co. now owns 207,864 shares of the technology company’s stock worth $7,404,000 after acquiring an additional 79,674 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Ichor by 12.4% during the 1st quarter. Raymond James & Associates now owns 43,800 shares of the technology company’s stock worth $1,560,000 after acquiring an additional 4,832 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Ichor by 12.4% during the 1st quarter. Citigroup Inc. now owns 25,987 shares of the technology company’s stock worth $926,000 after acquiring an additional 2,863 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Ichor by 9.5% during the 1st quarter. Bank of Montreal Can now owns 9,423 shares of the technology company’s stock worth $358,000 after acquiring an additional 818 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Ichor by 6.0% during the 1st quarter. Rhumbline Advisers now owns 71,779 shares of the technology company’s stock worth $2,557,000 after acquiring an additional 4,038 shares in the last quarter. 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.