FY2022 EPS Estimates for Ichor Holdings, Ltd. (NASDAQ:ICHR) Cut by DA Davidson

Ichor Holdings, Ltd. (NASDAQ:ICHRGet Rating) – Analysts at DA Davidson decreased their FY2022 earnings estimates for Ichor in a research note issued on Wednesday, January 11th. DA Davidson analyst H. Chung now anticipates that the technology company will post earnings per share of $3.18 for the year, down from their prior forecast of $3.41. The consensus estimate for Ichor’s current full-year earnings is $3.41 per share.

ICHR has been the subject of a number of other research reports. StockNews.com initiated coverage on shares of Ichor in a research note on Wednesday, October 12th. They set a “hold” rating for the company. B. Riley cut their target price on shares of Ichor from $33.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, October 4th. Finally, Needham & Company LLC raised their target price on shares of Ichor from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, November 9th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.00.

Ichor Stock Performance

Shares of ICHR stock opened at $30.03 on Thursday. The company has a fifty day moving average price of $28.21 and a two-hundred day moving average price of $28.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.61 and a quick ratio of 1.19. The stock has a market cap of $864.95 million, a P/E ratio of 11.87 and a beta of 2.02. Ichor has a one year low of $21.03 and a one year high of $48.89.

Ichor (NASDAQ:ICHRGet Rating) last announced its quarterly earnings results on Tuesday, November 8th. The technology company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.23. The firm had revenue of $355.64 million during the quarter, compared to analysts’ expectations of $339.98 million. Ichor had a net margin of 5.81% and a return on equity of 18.77%.

Insiders Place Their Bets

In other news, Director Marc Haugen sold 5,390 shares of Ichor stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $28.31, for a total value of $152,590.90. Following the completion of the sale, the director now directly owns 29,742 shares in the company, valued at $841,996.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Ichor

A number of large investors have recently added to or reduced their stakes in ICHR. FMR LLC grew its position in Ichor by 16.8% during the second quarter. FMR LLC now owns 2,654,548 shares of the technology company’s stock worth $68,966,000 after buying an additional 381,711 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Ichor by 30.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 795,295 shares of the technology company’s stock valued at $20,662,000 after purchasing an additional 185,625 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Ichor by 16.3% in the 3rd quarter. Alliancebernstein L.P. now owns 1,227,410 shares of the technology company’s stock valued at $29,716,000 after purchasing an additional 172,077 shares in the last quarter. Brandywine Global Investment Management LLC boosted its holdings in shares of Ichor by 228.8% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 230,591 shares of the technology company’s stock valued at $5,991,000 after purchasing an additional 160,452 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Ichor by 5.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,264,156 shares of the technology company’s stock valued at $54,816,000 after purchasing an additional 110,474 shares in the last quarter. Institutional investors and hedge funds own 83.39% of the company’s stock.

Ichor Company Profile

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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 systems and 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 chemical-mechanical planarization, electroplating, and cleaning.

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