Research Analysts Set Expectations for Ichor FY2025 Earnings

Ichor Holdings, Ltd. (NASDAQ:ICHR) – Research analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for Ichor in a note issued to investors on Monday, January 27th. DA Davidson analyst T. Diffely now expects that the technology company will earn $1.03 per share for the year, down from their prior estimate of $1.08. The consensus estimate for Ichor’s current full-year earnings is ($0.29) per share.

Other equities analysts have also recently issued reports about the company. Needham & Company LLC cut Ichor from a “buy” rating to a “hold” rating in a report on Monday, January 13th. TD Cowen dropped their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, 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 note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Ichor has an average rating of “Moderate Buy” and a consensus target price of $42.29.

Ichor Stock Up 0.4 %

Shares of ICHR opened at $26.92 on Tuesday. Ichor has a 12 month low of $25.95 and a 12 month high of $46.43. The stock has a market cap of $908.01 million, a price-to-earnings ratio of -28.95 and a beta of 1.92. The company has a 50-day moving average price of $31.86 and a two-hundred day moving average price of $31.00. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18.

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

Institutional Investors Weigh In On Ichor

A number of hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank lifted its position in shares of Ichor by 6.1% during the second quarter. Amalgamated Bank now owns 10,025 shares of the technology company’s stock worth $386,000 after purchasing an additional 577 shares in the last quarter. Sei Investments Co. bought a new position in Ichor in the 2nd quarter worth approximately $300,000. Thrivent Financial for Lutherans lifted its holdings in Ichor by 8.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 27,789 shares of the technology company’s stock worth $1,071,000 after buying an additional 2,254 shares in the last quarter. Marshall Wace LLP boosted its position in Ichor by 1.9% in the 2nd quarter. Marshall Wace LLP now owns 68,641 shares of the technology company’s stock valued at $2,646,000 after buying an additional 1,288 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of Ichor in the 2nd quarter valued at $1,166,000. 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.