Ichor (NASDAQ:ICHR) Releases Q2 2024 Earnings Guidance

Ichor (NASDAQ:ICHR) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. 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

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Ichor from a sell rating to a hold rating in a research note on Wednesday. Stifel Nicolaus raised their target price on Ichor from $40.00 to $45.00 and gave the company a buy rating in a research report on Tuesday, April 16th. B. Riley raised Ichor from a neutral rating to a buy rating and lifted their price objective for the stock from $40.00 to $48.00 in a report on Friday, April 19th. TD Cowen lifted their target price on Ichor from $42.00 to $48.00 and gave the company a buy rating in a report on Wednesday. Finally, Craig Hallum cut their price objective on Ichor from $55.00 to $50.00 and set a buy rating for the company in a report on Wednesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $46.60.

Ichor Stock Performance

Shares of NASDAQ ICHR traded up $0.12 during trading on Thursday, hitting $37.98. The company had a trading volume of 254,388 shares, compared to its average volume of 308,005. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.57 and a current ratio of 4.06. Ichor has a 12 month low of $22.26 and a 12 month high of $46.43. The firm has a market capitalization of $1.25 billion, a P/E ratio of -25.84 and a beta of 1.98. The stock has a 50 day simple moving average of $38.91 and a 200 day simple moving average of $34.64.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13). The business had revenue of $203.48 million for the quarter, compared to the consensus estimate of $197.50 million. Ichor had a negative return on equity of 0.88% and a negative net margin of 5.30%. As a group, analysts anticipate that Ichor will post 0.23 earnings per share for the current year.

Insider Transactions at Ichor

In other 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 transaction of $1,056,359.64. Following the transaction, the insider now owns 70,329 shares in the company, valued at $3,170,431.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Ichor news, insider Christopher Smith sold 23,433 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were 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 in the company, valued at approximately $3,170,431.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas M. Rohrs sold 50,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.37, for a total transaction 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 90 days, insiders have sold 80,659 shares of company stock worth $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.