Ichor (NASDAQ:ICHR) Issues Q2 Earnings Guidance

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Craig Hallum initiated coverage on shares of Ichor in a report on Tuesday, April 9th. They issued a buy rating and a $55.00 price objective on the stock. Needham & Company LLC reaffirmed a buy rating and set a $42.00 price target on shares of Ichor in a report on Tuesday, March 19th. TD Cowen increased their price objective on Ichor from $31.00 to $42.00 and gave the stock an outperform rating in a report on Wednesday, February 7th. Stifel Nicolaus boosted their price target on Ichor from $40.00 to $45.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. Finally, B. Riley raised Ichor from a neutral rating to a buy rating and raised their price target for the company from $40.00 to $48.00 in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ichor currently has a consensus rating of Moderate Buy and a consensus target price of $46.40.

Ichor Price Performance

Shares of ICHR stock traded down $0.34 during mid-day trading on Tuesday, hitting $38.96. 380,341 shares of the stock traded hands, compared to its average volume of 303,094. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.57 and a current ratio of 4.06. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -26.50 and a beta of 1.98. The company’s 50-day simple moving average is $39.10 and its 200-day simple moving average is $34.60. Ichor has a twelve month low of $22.26 and a twelve month high of $46.43.

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

Insider Buying and Selling

In other news, Director Thomas M. Rohrs sold 50,000 shares of the stock in a transaction on Friday, February 16th. The stock was 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 approximately $1,985,572.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Christopher Smith sold 23,433 shares of the business’s 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 owns 70,329 shares in the company, valued at $3,170,431.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas M. Rohrs sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.37, for a total transaction of $2,268,500.00. Following the completion of the transaction, the director now directly owns 43,764 shares of the company’s stock, valued at approximately $1,985,572.68. The disclosure for this sale can be found here. Insiders have sold 80,659 shares of company stock worth $3,652,848 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

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.