Ichor (NASDAQ:ICHR) Releases Q2 Earnings Guidance

Ichor (NASDAQ:ICHR) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $(0.03)-0.09 for the period, compared to the consensus estimate of $0.13. The company issued revenue guidance of $190-205 million, compared to the consensus revenue estimate of $201.20 million.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ICHR. Needham & Company LLC reiterated a hold rating and set a $42.00 price target on shares of Ichor in a research note on Wednesday. Craig Hallum cut their price target on Ichor from $55.00 to $50.00 and set a buy rating for the company in a report on Wednesday. Stifel Nicolaus lifted their price target on Ichor from $40.00 to $45.00 and gave the company a buy rating in a report on Tuesday, April 16th. StockNews.com raised Ichor from a sell rating to a hold rating in a report on Wednesday. Finally, B. Riley upgraded Ichor from a neutral rating to a buy rating and boosted their target price for the stock from $40.00 to $48.00 in a research report on Friday, April 19th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $46.60.

Ichor Trading Up 0.5 %

Ichor stock traded up $0.19 during trading hours on Friday, hitting $38.17. The stock had a trading volume of 76,497 shares, compared to its average volume of 305,441. Ichor has a one year low of $22.26 and a one year high of $46.43. The company has a quick ratio of 1.57, a current ratio of 4.06 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -25.84 and a beta of 1.98. The business’s 50 day simple moving average is $38.91 and its 200-day simple moving average is $34.64.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13). The firm had revenue of $203.48 million during the quarter, compared to analyst estimates of $197.50 million. Ichor had a negative net margin of 5.30% and a negative return on equity of 0.88%. On average, equities analysts predict that Ichor will post 0.23 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Christopher Smith sold 23,433 shares of the firm’s stock in a transaction that occurred on 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 directly owns 70,329 shares in the company, valued at approximately $3,170,431.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CTO Philip Ryan Sr. Barros sold 7,226 shares of Ichor stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.39, for a total value of $327,988.14. Following the completion of the sale, the chief technology officer now owns 50,490 shares of the company’s stock, valued at $2,291,741.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Smith sold 23,433 shares of Ichor stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.08, for a total value of $1,056,359.64. Following the completion of the sale, the insider now directly owns 70,329 shares of the company’s stock, valued at approximately $3,170,431.32. 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. Insiders own 2.20% of the company’s stock.

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.