B. Riley Forecasts Ichor’s FY2024 Earnings (NASDAQ:ICHR)

Ichor Holdings, Ltd. (NASDAQ:ICHR) – Stock analysts at B. Riley dropped their FY2024 EPS estimates for shares of Ichor in a note issued to investors on Monday, January 13th. B. Riley analyst C. Ellis now expects that the technology company will post earnings of ($0.30) per share for the year, down from their previous estimate of ($0.11). B. Riley currently has a “Buy” rating and a $38.00 price target on the stock. The consensus estimate for Ichor’s current full-year earnings is ($0.10) per share. B. Riley also issued estimates for Ichor’s Q4 2024 earnings at ($0.05) EPS, Q2 2025 earnings at $0.17 EPS and FY2025 earnings at $0.78 EPS.

Ichor (NASDAQ:ICHR) last issued its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The company had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year.

A number of other research analysts have also recently commented on the stock. DA Davidson initiated coverage on shares of Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 target price on the stock. Needham & Company LLC lowered shares of Ichor from a “buy” rating to a “hold” rating in a report on Monday. Oppenheimer began coverage on shares of Ichor in a research report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective for the company. Finally, TD Cowen lifted their target price on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.57.

Ichor Stock Down 1.2 %

NASDAQ ICHR opened at $30.62 on Thursday. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. Ichor has a fifty-two week low of $26.40 and a fifty-two week high of $46.43. The business has a 50 day moving average price of $32.28 and a two-hundred day moving average price of $31.75. The stock has a market cap of $1.03 billion, a PE ratio of -32.92 and a beta of 1.92.

Institutional Investors Weigh In On Ichor

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP lifted its position in shares of Ichor by 99.5% during the second quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after purchasing an additional 433 shares during the last quarter. GAMMA Investing LLC raised its stake in Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock valued at $34,000 after buying an additional 625 shares in the last quarter. Signaturefd LLC lifted its holdings in Ichor by 214.6% during the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after buying an additional 854 shares during the last quarter. CWM LLC grew its position in shares of Ichor by 134.9% in the 3rd quarter. CWM LLC now owns 3,617 shares of the technology company’s stock worth $115,000 after acquiring an additional 2,077 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ichor by 28.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock valued at $153,000 after acquiring an additional 1,068 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

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.