Head-To-Head Review: Peraso (NASDAQ:PRSO) & Ichor (NASDAQ:ICHR)

Peraso (NASDAQ:PRSO) and Ichor (NASDAQ:ICHR) are both small-cap technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, dividends, profitability, earnings, risk and valuation.

Profitability

This table compares Peraso and Ichor’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Peraso	-85.63%	-223.38%	-153.27%
Ichor	-3.97%	0.47%	0.33%

Institutional & Insider Ownership

77.6% of Peraso shares are held by institutional investors. Comparatively, 94.8% of Ichor shares are held by institutional investors. 1.7% of Peraso shares are held by insiders. Comparatively, 1.7% of Ichor shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Analyst Recommendations

This is a breakdown of current ratings and recommmendations for Peraso and Ichor, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Peraso	1	0	2	0	2.33
Ichor	1	2	6	1	2.70

Peraso presently has a consensus price target of $3.08, suggesting a potential upside of 713.54%. Ichor has a consensus price target of $85.89, suggesting a potential upside of 124.50%. Given Peraso’s higher possible upside, equities research analysts plainly believe Peraso is more favorable than Ichor.

Risk & Volatility

Peraso has a beta of 0.84, meaning that its share price is 16% less volatile than the S&P 500. Comparatively, Ichor has a beta of 1.79, meaning that its share price is 79% more volatile than the S&P 500.

Earnings & Valuation

This table compares Peraso and Ichor”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Peraso	$12.19 million	0.47	-$4.75 million	($0.68)	-0.56
Ichor	$1.01 billion	1.41	-$52.78 million	($1.17)	-32.70

Peraso has higher earnings, but lower revenue than Ichor. Ichor is trading at a lower price-to-earnings ratio than Peraso, indicating that it is currently the more affordable of the two stocks.

Summary

Ichor beats Peraso on 11 of the 15 factors compared between the two stocks.

About Peraso

Peraso Inc., a fabless semiconductor company, develops, markets, and sells semiconductor devices and modules. The company's products include millimeter wavelength (mmWave) ICs, including baseband IC, various mmWave radio frequency, integrated circuits, as well as associated antenna technology; and mmWave antenna modules. It also provides accelerator engine products, comprising bandwidth engine for high-performance applications where throughput is critical; and quad partition rate, which allows for parallel accesses to multiple partitions of the memory simultaneously. Its mmWave products are used for various applications, such as multi-gigabit point-to-point (PtMP) wireless links; and fixed wireless access in the 5G operating bands, as well as consumer applications, such as wireless video streaming, and untethered augmented reality and virtual reality. The company also licenses intellectual property, as well as offers non-recurring engineering services. It markets its products through direct sales personnel, as well as sells representatives and distributors. The company was formerly knowns as MoSys, Inc. and changed its name to Peraso Inc. in December 2021. Peraso Inc. was incorporated in 1991 and is based in San Jose, California.

About Ichor

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. 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. In addition, it manufactures precision machined components, weldments, electron beam, laser-welded components, precision vacuum and hydrogen brazing, surface treatment technologies, and other proprietary products. The company primarily markets its products to equipment OEMs in the semiconductor equipment market in Japan. Ichor Holdings, Ltd. was incorporated in 1999 and is headquartered in Fremont, California.