Ichor (ICHR) Issues Q1 Earnings Guidance

Ichor (NASDAQ:ICHR) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.90-0.97 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.95. The company issued revenue guidance of $240-250 million, compared to the consensus revenue estimate of $245.61 million.

Shares of Ichor (NASDAQ:ICHR) traded down $1.56 during midday trading on Wednesday, reaching $26.37. 1,939,942 shares of the company traded hands, compared to its average volume of 1,270,000. The firm has a market cap of $674.78 and a P/E ratio of 6.31. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. Ichor has a 1-year low of $16.35 and a 1-year high of $35.51.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Thursday, November 9th. The technology company reported $0.62 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. The business had revenue of $164.50 million for the quarter, compared to the consensus estimate of $165.16 million. Ichor had a net margin of 7.43% and a return on equity of 32.99%. The business’s revenue for the quarter was up 55.6% on a year-over-year basis. research analysts predict that Ichor will post 2.44 earnings per share for the current year.

Several analysts have weighed in on the company. Needham & Company LLC boosted their price objective on Ichor from $30.00 to $36.00 and gave the stock a buy rating in a report on Friday, October 13th. Deutsche Bank reissued a buy rating and set a $32.00 price objective (up from $26.00) on shares of Ichor in a report on Tuesday, October 10th. Zacks Investment Research cut Ichor from a buy rating to a hold rating in a report on Tuesday, January 16th. Cowen reissued an outperform rating and set a $40.00 price objective (up from $38.00) on shares of Ichor in a report on Friday, November 10th. Finally, Royal Bank of Canada reissued a buy rating and set a $37.00 price objective on shares of Ichor in a report on Friday, October 20th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Ichor currently has an average rating of Buy and an average target price of $37.50.

In other news, Director Iain Mackenzie sold 4,690 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $26.10, for a total value of $122,409.00. Following the completion of the sale, the director now directly owns 4,690 shares of the company’s stock, valued at approximately $122,409. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dipanjan Deb sold 6,287 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $30.12, for a total value of $189,364.44. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $602,400. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 194,694 shares of company stock valued at $5,350,099. 5.80% of the stock is currently owned by company insiders.

An institutional investor recently bought a new position in Ichor stock. The Manufacturers Life Insurance Company bought a new position in shares of Ichor Holdings Ltd (NASDAQ:ICHR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,889 shares of the technology company’s stock, valued at approximately $180,000. Hedge funds and other institutional investors own 76.28% of the company’s stock.

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Ichor Company Profile

Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.

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