Ichor (ICHR) Scheduled to Post Earnings on Tuesday

Ichor (NASDAQ:ICHR) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Ichor to post earnings of $0.01 per share for the quarter. Ichor has set its Q1 guidance at $(0.05)-$0.05 EPS and its Q1 2024 guidance at -0.050-0.050 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Ichor (NASDAQ:ICHR) last issued its earnings results on Tuesday, February 6th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.13). The business had revenue of $203.48 million during the quarter, compared to analyst estimates of $197.50 million. Ichor had a negative return on equity of 0.88% and a negative net margin of 5.30%. On average, analysts expect Ichor to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ichor Price Performance

Shares of ICHR opened at $38.20 on Monday. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -25.99 and a beta of 1.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.06 and a quick ratio of 1.57. The business’s 50-day moving average is $39.27 and its 200-day moving average is $34.41. Ichor has a fifty-two week low of $22.26 and a fifty-two week high of $46.43.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, insider Christopher Smith sold 23,433 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the transaction, the insider now owns 70,329 shares in the company, valued at approximately $3,170,431.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 shares were sold at an average price of $45.39, for a total transaction of $327,988.14. Following the completion of the sale, the chief technology officer now directly owns 50,490 shares of the company’s stock, valued at $2,291,741.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher Smith sold 23,433 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.08, for a total value of $1,056,359.64. Following the completion of the transaction, the insider now directly owns 70,329 shares in the company, valued at approximately $3,170,431.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,659 shares of company stock valued at $3,652,848. 2.20% of the stock is currently owned by corporate insiders.

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.