DA Davidson Estimates Ichor’s Q4 Earnings (NASDAQ:ICHR)

Ichor Holdings, Ltd. (NASDAQ:ICHR) – DA Davidson issued their Q4 2024 earnings per share estimates for shares of Ichor in a report issued on Tuesday, November 5th. DA Davidson analyst T. Diffely forecasts that the technology company will post earnings of $0.11 per share for the quarter. DA Davidson has a “Strong-Buy” rating on the stock. The consensus estimate for Ichor’s current full-year earnings is ($0.17) per share. DA Davidson also issued estimates for Ichor’s FY2025 earnings at $0.94 EPS.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Ichor had a negative return on equity of 2.18% and a negative net margin of 3.51%. The business had revenue of $211.14 million during the quarter, compared to analysts’ expectations of $203.24 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year.

Several other equities analysts have also recently issued reports on the company. Oppenheimer started coverage on Ichor in a research report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price on the stock. Needham & Company LLC cut their price objective on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. StockNews.com raised Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. TD Cowen upped their price target on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, B. Riley reiterated a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.57.

Ichor Stock Up 3.2 %

NASDAQ ICHR opened at $32.52 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91. Ichor has a 52-week low of $22.26 and a 52-week high of $46.43. The firm has a 50-day moving average price of $28.94 and a 200 day moving average price of $33.75.

Institutional Investors Weigh In On Ichor

Large investors have recently added to or reduced their stakes in the business. Quarry LP raised its position in Ichor by 99.5% during the second quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after acquiring an additional 433 shares during the last quarter. GAMMA Investing LLC lifted its stake in Ichor by 136.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock valued at $34,000 after buying an additional 625 shares in the last quarter. Signaturefd LLC lifted its stake in Ichor by 214.6% in the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock valued at $40,000 after buying an additional 854 shares in the last quarter. CWM LLC grew its holdings in Ichor by 50.5% during the 2nd quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after buying an additional 517 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new position in Ichor during the first quarter worth $225,000. 94.81% of the stock is owned by institutional investors and hedge funds.

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.