DA Davidson Forecasts Ichor’s Q4 Earnings (NASDAQ:ICHR)

Ichor Holdings, Ltd. (NASDAQ:ICHR) – DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Ichor in a research report issued on Tuesday, November 5th. DA Davidson analyst T. Diffely expects that the technology company will post earnings per share of $0.11 for the quarter. DA Davidson currently has a “Strong-Buy” rating on the stock. The consensus estimate for Ichor’s current full-year earnings is ($0.17) per share. DA Davidson also issued estimates for Ichor’s FY2025 earnings at $0.94 EPS.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Ichor had a negative return on equity of 2.18% and a negative net margin of 3.51%. The business had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. During the same quarter last year, the firm posted ($0.09) EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis.

Several other equities research analysts also recently issued reports on ICHR. TD Cowen raised their price objective on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday. Oppenheimer assumed coverage on Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price target for the company. B. Riley reiterated a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research report on Tuesday. StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, Needham & Company LLC dropped their price objective on shares of Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.57.

Ichor Stock Performance

Shares of ICHR stock opened at $33.83 on Wednesday. Ichor has a 52 week low of $22.26 and a 52 week high of $46.43. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -36.38 and a beta of 1.91. The company has a 50-day simple moving average of $29.00 and a 200 day simple moving average of $33.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Quarry LP lifted its position in Ichor by 99.5% during the second quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after purchasing an additional 433 shares during the period. GAMMA Investing LLC raised its position in shares of Ichor by 136.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock valued at $34,000 after buying an additional 625 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Ichor by 214.6% during the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after acquiring an additional 854 shares during the period. CWM LLC boosted its position in shares of Ichor by 50.5% during the 2nd quarter. CWM LLC now owns 1,540 shares of the technology company’s stock worth $59,000 after acquiring an additional 517 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in Ichor in the first quarter valued at approximately $225,000. Institutional investors own 94.81% of the company’s stock.

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.