Wall Street brokerages predict that Ichor Holdings Ltd (NASDAQ:ICHR) will post earnings of $0.60 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Ichor’s earnings, with estimates ranging from $0.60 to $0.61. Ichor reported earnings of $0.30 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 100%. The firm is expected to issue its next earnings results on Tuesday, November 3rd.
According to Zacks, analysts expect that Ichor will report full year earnings of $2.31 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.33. For the next fiscal year, analysts expect that the firm will post earnings of $2.91 per share, with EPS estimates ranging from $2.55 to $3.15. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Ichor.
Ichor (NASDAQ:ICHR) last posted its earnings results on Monday, August 3rd. The technology company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.10. The business had revenue of $221.20 million for the quarter, compared to analysts’ expectations of $172.60 million. Ichor had a net margin of 2.43% and a return on equity of 14.92%. The firm’s revenue for the quarter was up 58.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share.
A number of analysts have weighed in on the company. Cowen upped their price target on Ichor from $26.00 to $35.00 and gave the company a “market perform” rating in a research report on Tuesday, August 4th. Needham & Company LLC increased their target price on shares of Ichor from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. TheStreet raised shares of Ichor from a “c” rating to a “b” rating in a report on Monday, August 3rd. ValuEngine cut shares of Ichor from a “hold” rating to a “sell” rating in a research note on Thursday, August 27th. Finally, Zacks Investment Research upgraded shares of Ichor from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $35.25.
In other news, Director Thomas M. Rohrs sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $29.63, for a total value of $296,300.00. Following the transaction, the director now owns 181,594 shares of the company’s stock, valued at approximately $5,380,630.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas M. Rohrs sold 100,000 shares of Ichor stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $32.10, for a total transaction of $3,210,000.00. Following the sale, the director now owns 291,594 shares of the company’s stock, valued at approximately $9,360,167.40. The disclosure for this sale can be found here. Insiders sold a total of 312,373 shares of company stock valued at $9,824,946 in the last 90 days. 3.90% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ICHR. American International Group Inc. lifted its position in Ichor by 2.6% in the 2nd quarter. American International Group Inc. now owns 15,715 shares of the technology company’s stock valued at $418,000 after acquiring an additional 391 shares in the last quarter. Swiss National Bank grew its position in Ichor by 1.4% in the first quarter. Swiss National Bank now owns 43,600 shares of the technology company’s stock valued at $835,000 after purchasing an additional 600 shares in the last quarter. California State Teachers Retirement System increased its stake in Ichor by 2.7% in the 2nd quarter. California State Teachers Retirement System now owns 34,134 shares of the technology company’s stock valued at $907,000 after buying an additional 893 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Ichor by 5.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 18,853 shares of the technology company’s stock worth $361,000 after buying an additional 941 shares in the last quarter. Finally, Globeflex Capital L P grew its holdings in shares of Ichor by 13.3% in the 2nd quarter. Globeflex Capital L P now owns 9,942 shares of the technology company’s stock valued at $264,000 after acquiring an additional 1,164 shares in the last quarter. Institutional investors and hedge funds own 82.54% of the company’s stock.
Shares of ICHR stock traded down $1.39 during trading hours on Tuesday, hitting $23.43. The company had a trading volume of 459,240 shares, compared to its average volume of 268,559. Ichor has a 12 month low of $13.68 and a 12 month high of $39.83. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.08 and a current ratio of 2.04. The firm’s fifty day moving average is $28.84 and its 200 day moving average is $25.41. The firm has a market capitalization of $537.72 million, a price-to-earnings ratio of 27.89 and a beta of 2.28.
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.
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