Ichor (NASDAQ:ICHR) Releases Q2 2024 Earnings Guidance

Ichor (NASDAQ:ICHR) updated its second quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of -0.030-0.090 for the period, compared to the consensus EPS 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.

Ichor Stock Performance

Shares of NASDAQ:ICHR traded up $0.12 during trading on Thursday, hitting $37.98. 254,388 shares of the stock traded hands, compared to its average volume of 308,005. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -25.84 and a beta of 1.98. The company has a quick ratio of 1.57, a current ratio of 4.06 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average price of $38.91 and a two-hundred day moving average price of $34.64. Ichor has a 52-week low of $22.26 and a 52-week high of $46.43.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, February 6th. The technology company reported ($0.22) earnings per share (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 firm had revenue of $203.48 million for the quarter, compared to analysts’ expectations of $197.50 million. As a group, equities analysts predict that Ichor will post 0.23 EPS for the current year.

Analyst Upgrades and Downgrades

ICHR has been the subject of a number of research reports. B. Riley raised shares of Ichor from a neutral rating to a buy rating and boosted their target price for the stock from $40.00 to $48.00 in a research note on Friday, April 19th. StockNews.com upgraded Ichor from a sell rating to a hold rating in a report on Wednesday. Stifel Nicolaus raised their target price on shares of Ichor from $40.00 to $45.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. TD Cowen upped their price target on Ichor from $42.00 to $48.00 and gave the company a buy rating in a research report on Wednesday. Finally, Craig Hallum reduced their price objective on Ichor from $55.00 to $50.00 and set a buy rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $46.60.

Insider Transactions at Ichor

In other news, insider Christopher Smith sold 23,433 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the completion of the transaction, 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 accessible through the SEC website. In related news, Director Thomas M. Rohrs sold 50,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $1,985,572.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Smith sold 23,433 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was 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 disclosure for this sale can be found here. Insiders sold 80,659 shares of company stock worth $3,652,848 in the last 90 days. 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.