Ichor (NASDAQ:ICHR) Releases Q2 Earnings Guidance

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

Ichor Trading Down 0.9 %

Shares of ICHR stock traded down $0.34 on Tuesday, reaching $38.96. 380,341 shares of the stock were exchanged, compared to its average volume of 303,094. The stock has a 50 day moving average price of $39.10 and a 200 day moving average price of $34.60. The stock has a market cap of $1.28 billion, a PE ratio of -26.50 and a beta of 1.98. Ichor has a one year low of $22.26 and a one year high of $46.43. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.06 and a quick ratio of 1.57.

Ichor (NASDAQ:ICHR) last released its earnings results 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 business had revenue of $203.48 million for the quarter, compared to analyst estimates of $197.50 million. Ichor had a negative return on equity of 0.88% and a negative net margin of 5.30%. Equities research analysts forecast that Ichor will post 0.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ICHR. Stifel Nicolaus upped their price objective on Ichor from $40.00 to $45.00 and gave the company a buy rating in a report on Tuesday, April 16th. Needham & Company LLC reaffirmed a buy rating and issued a $42.00 price target on shares of Ichor in a research note on Tuesday, March 19th. TD Cowen lifted their price objective on shares of Ichor from $31.00 to $42.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. B. Riley upgraded shares of Ichor from a neutral rating to a buy rating and boosted their price objective for the company from $40.00 to $48.00 in a report on Friday, April 19th. Finally, Craig Hallum assumed coverage on shares of Ichor in a report on Tuesday, April 9th. They issued a buy rating and a $55.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $46.40.

Insider Activity at Ichor

In other news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.39, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Ichor news, insider Christopher Smith sold 23,433 shares of the business’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 value of $1,056,359.64. Following the sale, the insider now owns 70,329 shares in the company, valued at approximately $3,170,431.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Philip Ryan Sr. Barros sold 7,226 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.39, for a total transaction of $327,988.14. Following the transaction, the chief technology officer now directly owns 50,490 shares of the company’s stock, valued at $2,291,741.10. The disclosure for this sale can be found here. In the last three months, insiders sold 80,659 shares of company stock worth $3,652,848. 2.20% of the stock is owned by company insiders.

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.