What is DA Davidson’s Forecast for Ichor FY2025 Earnings?

Ichor Holdings, Ltd. (NASDAQ:ICHR) – Equities researchers at DA Davidson increased their FY2025 earnings per share estimates for shares of Ichor in a research note issued to investors on Wednesday, February 5th. DA Davidson analyst T. Diffely now forecasts that the technology company will post earnings per share of $1.08 for the year, up from their prior estimate of $1.03. The consensus estimate for Ichor’s current full-year earnings is ($0.28) per share.

ICHR has been the topic of a number of other research reports. B. Riley restated a “buy” rating and issued a $38.00 target price (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. TD Cowen cut their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, Needham & Company LLC restated a “hold” rating on shares of Ichor in a research report on Wednesday. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

Ichor Trading Down 0.3 %

ICHR opened at $32.40 on Friday. The company has a market cap of $1.09 billion, a P/E ratio of -34.84 and a beta of 1.91. 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 company’s 50 day moving average is $31.34 and its 200-day moving average is $30.63. Ichor has a 1-year low of $25.95 and a 1-year high of $46.43.

Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. bought a new position in Ichor during the second quarter worth $300,000. AQR Capital Management LLC bought a new position in shares of Ichor in the 2nd quarter worth about $1,166,000. Millennium Management LLC acquired a new position in shares of Ichor in the 2nd quarter valued at about $6,382,000. The Manufacturers Life Insurance Company boosted its position in shares of Ichor by 16.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,001 shares of the technology company’s stock valued at $655,000 after purchasing an additional 2,382 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Ichor by 65.0% during the 3rd quarter. SG Americas Securities LLC now owns 15,440 shares of the technology company’s stock valued at $491,000 after purchasing an additional 6,082 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Jorge Titinger sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the sale, the director now directly owns 9,832 shares in the company, valued at $315,017.28. This represents a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.20% of the stock is 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.