Ichor Holdings, Ltd. (ICHR) Expected to Post Earnings of $0.62 Per Share
Analysts predict that Ichor Holdings, Ltd. (NASDAQ:ICHR) will announce earnings per share (EPS) of $0.62 for the current quarter, according to Zacks. Two analysts have made estimates for Ichor Holdings’ earnings. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 9th.
According to Zacks, analysts expect that Ichor Holdings will report full year earnings of $2.42 per share for the current year, with EPS estimates ranging from $2.38 to $2.44. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.85 per share, with EPS estimates ranging from $2.80 to $2.90. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Ichor Holdings.
Ichor Holdings (NASDAQ:ICHR) last issued its earnings results on Thursday, August 10th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business had revenue of $159.70 million during the quarter, compared to the consensus estimate of $159.36 million. Ichor Holdings’s revenue was up 67.4% compared to the same quarter last year.
Several equities analysts have weighed in on ICHR shares. Cowen and Company raised their price target on Ichor Holdings from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 9th. Stifel Nicolaus raised their price target on Ichor Holdings from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Needham & Company LLC reissued a “positive” rating and set a $30.00 price target (up previously from $25.00) on shares of Ichor Holdings in a research report on Monday, July 31st. Zacks Investment Research downgraded Ichor Holdings from a “strong-buy” rating to a “sell” rating in a research report on Friday, July 7th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of Ichor Holdings in a research report on Wednesday, August 9th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $27.17.
Shares of Ichor Holdings (NASDAQ ICHR) traded down 0.18% during mid-day trading on Wednesday, reaching $22.37. The company’s stock had a trading volume of 155,636 shares. Ichor Holdings has a 1-year low of $9.76 and a 1-year high of $29.73. The firm has a market capitalization of $561.82 million and a P/E ratio of 12.86. The company’s 50-day moving average is $20.93 and its 200 day moving average is $20.52.
In other news, Director Dipanjan Deb sold 799,564 shares of Ichor Holdings stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $18.50, for a total value of $14,791,934.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Philip Ryan Sr. Barros sold 8,290 shares of Ichor Holdings stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $18.50, for a total value of $153,365.00. Following the completion of the sale, the insider now directly owns 8,290 shares of the company’s stock, valued at approximately $153,365. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,465,497 shares of company stock valued at $119,830,503. Company insiders own 5.80% of the company’s stock.
Large investors have recently made changes to their positions in the company. Neuberger Berman Group LLC grew its position in Ichor Holdings by 38.0% during the second quarter. Neuberger Berman Group LLC now owns 1,060,835 shares of the technology company’s stock valued at $21,386,000 after acquiring an additional 292,351 shares during the period. Ameriprise Financial Inc. grew its position in Ichor Holdings by 262.9% during the second quarter. Ameriprise Financial Inc. now owns 943,466 shares of the technology company’s stock valued at $19,021,000 after acquiring an additional 683,466 shares during the period. Paradigm Capital Management Inc. NY grew its position in Ichor Holdings by 2,598.2% during the second quarter. Paradigm Capital Management Inc. NY now owns 906,600 shares of the technology company’s stock valued at $18,277,000 after acquiring an additional 873,000 shares during the period. Vanguard Group Inc. grew its position in Ichor Holdings by 182.9% during the second quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock valued at $9,700,000 after acquiring an additional 311,083 shares during the period. Finally, Royce & Associates LP grew its position in Ichor Holdings by 65.0% during the second quarter. Royce & Associates LP now owns 297,118 shares of the technology company’s stock valued at $5,990,000 after acquiring an additional 117,043 shares during the period. 83.68% of the stock is owned by institutional investors and hedge funds.
About Ichor Holdings
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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