Equities analysts expect Ichor Holdings, Ltd. (NASDAQ:ICHR) to report $165.03 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ichor Holdings’ earnings, with estimates ranging from $165.00 million to $165.06 million. The firm is scheduled to report its next quarterly earnings report on Thursday, November 9th.
According to Zacks, analysts expect that Ichor Holdings will report full-year sales of $165.03 million for the current fiscal year, with estimates ranging from $650.00 million to $651.58 million. For the next financial year, analysts expect that the business will post sales of $754.97 million per share, with estimates ranging from $749.00 million to $760.93 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Ichor Holdings.
Ichor Holdings (NASDAQ:ICHR) last announced its quarterly earnings data on Thursday, August 10th. The technology company reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.02). The business had revenue of $159.70 million during the quarter, compared to analysts’ expectations of $159.36 million. The firm’s revenue was up 67.4% on a year-over-year basis.
Several research firms recently weighed in on ICHR. Cowen and Company upped their price target on Ichor Holdings from $27.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday. Zacks Investment Research upgraded Ichor Holdings from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Thursday, October 12th. Needham & Company LLC upped their price target on Ichor Holdings from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Deutsche Bank AG restated a “buy” rating and issued a $32.00 price target (up previously from $26.00) on shares of Ichor Holdings in a research note on Tuesday, October 10th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $26.00 price target on shares of Ichor Holdings in a research note on Friday, July 28th. Six analysts have rated the stock with a buy rating, Ichor Holdings has an average rating of “Buy” and a consensus target price of $33.17.
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In other news, Director Iain Mackenzie sold 4,680 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of $27.11, for a total transaction of $126,874.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas M. Rohrs sold 130,767 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $19.57, for a total value of $2,559,110.19. Following the transaction, the chief executive officer now directly owns 125,558 shares in the company, valued at $2,457,170.06. The disclosure for this sale can be found here. Insiders sold a total of 6,534,817 shares of company stock worth $121,578,383 in the last 90 days. 5.80% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ICHR. Paradigm Capital Management Inc. NY lifted its holdings in shares of Ichor Holdings by 2,598.2% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 906,600 shares of the technology company’s stock valued at $18,277,000 after buying an additional 873,000 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Ichor Holdings by 262.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 943,466 shares of the technology company’s stock valued at $19,021,000 after buying an additional 683,466 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Ichor Holdings by 182.9% during the 2nd quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock valued at $9,700,000 after buying an additional 311,083 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Ichor Holdings by 38.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,060,835 shares of the technology company’s stock valued at $21,386,000 after buying an additional 292,351 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Ichor Holdings by 1,091.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 296,739 shares of the technology company’s stock valued at $5,982,000 after buying an additional 271,836 shares during the period. 83.68% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ichor Holdings (NASDAQ:ICHR) traded up 2.96% during midday trading on Friday, reaching $34.11. The company’s stock had a trading volume of 901,713 shares. Ichor Holdings has a 52-week low of $9.76 and a 52-week high of $34.70. The stock has a market cap of $856.67 million and a price-to-earnings ratio of 19.61. The stock has a 50-day moving average price of $26.98 and a 200-day moving average price of $26.98.
Ichor Holdings Company Profile
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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