Ichor (NASDAQ:ICHR) Shares Gap Up – Here’s Why

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $28.21, but opened at $30.12. Ichor shares last traded at $30.42, with a volume of 105,167 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ICHR shares. Needham & Company LLC reiterated a “hold” rating on shares of Ichor in a research report on Wednesday. TD Cowen reduced their target price on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, January 17th. Finally, B. Riley reissued a “buy” rating and issued a $38.00 price target (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

Ichor Stock Up 7.1 %

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 fifty day moving average price of $31.33 and a 200 day moving average price of $30.60. The company has a market cap of $1.02 billion, a PE ratio of -32.50 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. As a group, analysts anticipate that Ichor Holdings, Ltd. will post -0.28 EPS for the current year.

Institutional Trading of Ichor

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Ichor by 136.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock valued at $34,000 after acquiring an additional 625 shares during the last quarter. Signaturefd LLC boosted its stake in shares of 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 period. Quarry LP increased its stake in shares of Ichor by 80.4% in the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after buying an additional 698 shares during the period. KBC Group NV raised its holdings in Ichor by 83.5% during the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after buying an additional 949 shares during the last quarter. Finally, CWM LLC boosted its position in Ichor by 134.9% during the 3rd 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. Hedge funds and other institutional investors own 94.81% of the company’s stock.

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.