Ichor (NASDAQ:ICHR) Issues Q2 Earnings Guidance

Ichor (NASDAQ:ICHR) updated its second quarter earnings guidance on Tuesday. 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

Several analysts recently issued reports on the stock. B. Riley raised shares of Ichor from a neutral rating to a buy rating and upped their price objective for the stock from $40.00 to $48.00 in a report on Friday, April 19th. Stifel Nicolaus upped their price target on shares of Ichor from $40.00 to $45.00 and gave the company a buy rating in a report on Tuesday, April 16th. Craig Hallum dropped their price objective on Ichor from $55.00 to $50.00 and set a buy rating on the stock in a research note on Wednesday. Needham & Company LLC reissued a hold rating and set a $42.00 price objective on shares of Ichor in a research report on Wednesday. Finally, TD Cowen raised their target price on Ichor from $42.00 to $48.00 and gave the company a buy rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $46.60.

Ichor Price Performance

Shares of ICHR stock traded down $1.10 during mid-day trading on Wednesday, reaching $37.86. The company’s stock had a trading volume of 760,200 shares, compared to its average volume of 308,609. The firm’s 50-day moving average is $39.00 and its two-hundred day moving average is $34.62. The company has a market cap of $1.25 billion, a P/E ratio of -25.75 and a beta of 1.98. Ichor has a 1-year low of $22.26 and a 1-year high of $46.43. 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 (NASDAQ:ICHR) last announced its quarterly 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). 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 for the quarter, compared to the consensus estimate of $197.50 million. On average, research analysts predict that Ichor will post 0.23 earnings per share for the current year.

Insider Transactions at Ichor

In related news, Director Thomas M. Rohrs sold 50,000 shares of the 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 sale, the director now directly owns 43,764 shares in the company, valued at approximately $1,985,572.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $45.39, for a total value of $327,988.14. Following the transaction, the chief technology officer now directly owns 50,490 shares in the company, valued at $2,291,741.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $2,268,500.00. Following the transaction, the director now owns 43,764 shares in the company, valued at approximately $1,985,572.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,659 shares of company stock valued at $3,652,848. Corporate 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.