Ichor (NASDAQ:ICHR) Issues Q2 2024 Earnings Guidance

Ichor (NASDAQ:ICHR) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of -0.030-0.090 for the period, compared to the consensus earnings per share estimate of 0.130. The company issued revenue guidance of $190.0 million-$205.0 million, compared to the consensus revenue estimate of $201.3 million.

Analyst Upgrades and Downgrades

ICHR has been the topic of a number of research reports. Needham & Company LLC reaffirmed a hold rating and issued a $42.00 price target on shares of Ichor in a research note on Wednesday. TD Cowen increased their price target on shares of Ichor from $42.00 to $48.00 and gave the stock a buy rating in a research note on Wednesday. StockNews.com raised shares of Ichor from a sell rating to a hold rating in a research note on Wednesday. B. Riley raised shares of Ichor from a neutral rating to a buy rating and increased their target price for the stock from $40.00 to $48.00 in a research report on Friday, April 19th. Finally, Craig Hallum decreased their price target on Ichor from $55.00 to $50.00 and set a buy rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $46.60.

Ichor Stock Performance

Shares of NASDAQ:ICHR traded up $0.21 during midday trading on Friday, hitting $38.19. The company’s stock had a trading volume of 82,444 shares, compared to its average volume of 305,517. Ichor has a fifty-two week low of $22.26 and a fifty-two week high of $46.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.57 and a current ratio of 4.06. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -25.84 and a beta of 1.98. The stock’s 50 day simple moving average is $38.91 and its 200 day simple moving average is $34.64.

Ichor (NASDAQ:ICHR) last issued its quarterly 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). Ichor had a negative return on equity of 0.88% and a negative net margin of 5.30%. The business had revenue of $203.48 million during the quarter, compared to the consensus estimate of $197.50 million. As a group, research analysts anticipate that Ichor will post 0.23 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Christopher Smith sold 23,433 shares of Ichor 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 sale, the insider now directly owns 70,329 shares of the company’s stock, valued at $3,170,431.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 value of $1,056,359.64. Following the sale, the insider now owns 70,329 shares of the company’s stock, valued at $3,170,431.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas M. Rohrs sold 50,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.37, for a total value of $2,268,500.00. Following the completion of the sale, the director now owns 43,764 shares in the company, valued at $1,985,572.68. 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 owned by company insiders.

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.