Ichor (ICHR) Scheduled to Post Quarterly Earnings on Tuesday

Ichor (NASDAQ:ICHR) will release 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

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

Ichor Stock Down 0.2 %

ICHR stock opened at $38.20 on Friday. The company has a current ratio of 4.06, a quick ratio of 1.57 and a debt-to-equity ratio of 0.43. Ichor has a twelve month low of $22.26 and a twelve month high of $46.43. The company’s 50 day moving average is $39.27 and its two-hundred day moving average is $34.37. The stock has a market cap of $1.26 billion, a P/E ratio of -25.99 and a beta of 1.98.

Insiders Place Their Bets

In other Ichor 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 directly owns 70,329 shares in the company, valued at $3,170,431.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Ichor news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.39, for a total transaction of $327,988.14. Following the transaction, the chief technology officer now directly owns 50,490 shares in the company, valued at $2,291,741.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Smith sold 23,433 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was 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 $3,170,431.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,659 shares of company stock worth $3,652,848. 2.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on ICHR. Stifel Nicolaus raised their price objective on shares of Ichor from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. TD Cowen raised their target price on shares of Ichor from $31.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. B. Riley upgraded shares of Ichor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $40.00 to $48.00 in a research report on Friday, April 19th. Needham & Company LLC restated a “buy” rating and set a $42.00 target price on shares of Ichor in a research report on Tuesday, March 19th. Finally, Craig Hallum initiated coverage on shares of Ichor in a research report on Tuesday, April 9th. They issued a “buy” rating and a $55.00 price objective on the stock. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ichor has an average rating of “Moderate Buy” and an average target price of $46.40.

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.