DA Davidson Predicts Ichor’s FY2024 Earnings (NASDAQ:ICHR)

Ichor Holdings, Ltd. (NASDAQ:ICHR) – Stock analysts at DA Davidson issued their FY2024 earnings per share estimates for shares of Ichor in a research report issued to clients and investors on Monday, January 27th. DA Davidson analyst T. Diffely forecasts that the technology company will post earnings of ($0.27) per share for the year. The consensus estimate for Ichor’s current full-year earnings is ($0.29) per share. DA Davidson also issued estimates for Ichor’s Q4 2024 earnings at ($0.04) EPS.

Several other equities research analysts have also recently commented on the company. TD Cowen dropped their target price on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 17th. B. Riley reissued a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Finally, Needham & Company LLC cut Ichor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $42.29.

Ichor Trading Up 1.8 %

Shares of NASDAQ:ICHR opened at $27.69 on Wednesday. The company has a 50 day moving average of $31.78 and a 200-day moving average of $30.97. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The firm has a market cap of $933.98 million, a P/E ratio of -29.77 and a beta of 1.92. Ichor has a twelve month low of $25.95 and a twelve month high of $46.43.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $211.14 million for the quarter, compared to analysts’ expectations of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.09) earnings per share.

Institutional Trading of Ichor

A number of hedge funds have recently bought and sold shares of ICHR. State Street Corp increased its position in shares of Ichor by 1.8% in the third quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock worth $39,207,000 after acquiring an additional 21,804 shares in the last quarter. Geode Capital Management LLC grew its position in Ichor by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 795,794 shares of the technology company’s stock worth $25,319,000 after purchasing an additional 27,540 shares in the last quarter. Royce & Associates LP grew its position in Ichor by 20.8% during the 3rd quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock worth $22,870,000 after purchasing an additional 123,585 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in Ichor by 4.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 580,818 shares of the technology company’s stock valued at $18,476,000 after purchasing an additional 24,889 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Ichor by 26.8% in the third quarter. Segall Bryant & Hamill LLC now owns 568,117 shares of the technology company’s stock valued at $18,072,000 after purchasing an additional 120,133 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.