Wall Street brokerages expect Ichor Holdings Ltd (NASDAQ:ICHR) to report sales of $144.99 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Ichor’s earnings, with the highest sales estimate coming in at $145.17 million and the lowest estimate coming in at $144.80 million. Ichor reported sales of $182.94 million during the same quarter last year, which indicates a negative year over year growth rate of 20.7%. The firm is scheduled to report its next quarterly earnings report on Wednesday, February 6th.
According to Zacks, analysts expect that Ichor will report full-year sales of $827.19 million for the current fiscal year, with estimates ranging from $827.00 million to $827.38 million. For the next financial year, analysts forecast that the business will post sales of $781.68 million, with estimates ranging from $743.00 million to $822.05 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Ichor.
Ichor (NASDAQ:ICHR) last issued its earnings results on Tuesday, November 6th. The technology company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The business had revenue of $175.20 million during the quarter, compared to analysts’ expectations of $179.84 million. Ichor had a net margin of 7.95% and a return on equity of 35.38%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share.
A number of equities research analysts have recently commented on the stock. Cowen set a $32.00 target price on shares of Ichor and gave the company an “outperform” rating in a research report on Wednesday, August 8th. ValuEngine cut shares of Ichor from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. BidaskClub cut shares of Ichor from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 26th. Zacks Investment Research upgraded shares of Ichor from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research report on Tuesday, October 9th. Finally, Royal Bank of Canada cut shares of Ichor from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $28.00 to $20.00 in a research report on Wednesday, November 7th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Ichor currently has a consensus rating of “Hold” and a consensus price target of $32.00.
In other news, CFO Jeff Andreson acquired 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was purchased at an average cost of $15.90 per share, for a total transaction of $103,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marc Haugen acquired 5,975 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The shares were purchased at an average price of $16.68 per share, with a total value of $99,663.00. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in ICHR. BlackRock Inc. increased its position in Ichor by 121.1% during the third quarter. BlackRock Inc. now owns 3,545,139 shares of the technology company’s stock worth $72,393,000 after purchasing an additional 1,941,439 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Ichor by 103.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,158,654 shares of the technology company’s stock worth $24,587,000 after purchasing an additional 587,943 shares during the last quarter. FMR LLC acquired a new stake in Ichor during the third quarter worth about $11,580,000. Thompson Siegel & Walmsley LLC acquired a new stake in Ichor during the third quarter worth about $9,969,000. Finally, Vanguard Group Inc. increased its position in Ichor by 33.5% during the third quarter. Vanguard Group Inc. now owns 1,552,282 shares of the technology company’s stock worth $31,698,000 after purchasing an additional 389,343 shares during the last quarter. Hedge funds and other institutional investors own 99.72% of the company’s stock.
Shares of NASDAQ ICHR traded up $0.15 during mid-day trading on Monday, reaching $17.37. The company’s stock had a trading volume of 319,980 shares, compared to its average volume of 1,054,682. The stock has a market capitalization of $393.53 million, a price-to-earnings ratio of 7.21 and a beta of 3.79. The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 0.82. Ichor has a 1-year low of $15.10 and a 1-year high of $34.78.
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.
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