Ichor (NASDAQ:ICHR) Releases Q2 Earnings Guidance

Ichor (NASDAQ:ICHR) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $(0.03)-0.09 for the period, compared to the consensus earnings per share estimate of $0.13. The company issued revenue guidance of $190-205 million, compared to the consensus revenue estimate of $201.20 million.

Analysts Set New Price Targets

A number of brokerages have weighed in on ICHR. Craig Hallum decreased their target price on shares of Ichor from $55.00 to $50.00 and set a buy rating for the company in a research note on Wednesday. Stifel Nicolaus lifted their price objective on Ichor from $40.00 to $45.00 and gave the stock a buy rating in a report on Tuesday, April 16th. StockNews.com raised Ichor from a sell rating to a hold rating in a report on Wednesday. Needham & Company LLC restated a hold rating and set a $42.00 price target on shares of Ichor in a research note on Wednesday. Finally, B. Riley raised shares of Ichor from a neutral rating to a buy rating and upped their price target for the company from $40.00 to $48.00 in a research report on Friday, April 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $46.60.

Ichor Stock Performance

Shares of NASDAQ ICHR traded up $0.12 during trading on Thursday, hitting $37.98. The company had a trading volume of 254,388 shares, compared to its average volume of 308,005. The stock has a 50 day simple moving average of $39.00 and a 200 day simple moving average of $34.62. The firm has a market capitalization of $1.25 billion, a P/E ratio of -25.84 and a beta of 1.98. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.57 and a current ratio of 4.06. Ichor has a 12 month low of $22.26 and a 12 month high of $46.43.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.13). The firm had revenue of $203.48 million for the quarter, compared to analysts’ expectations of $197.50 million. Ichor had a negative net margin of 5.30% and a negative return on equity of 0.88%. As a group, analysts anticipate that Ichor will post 0.23 earnings per share for the current year.

Insider Activity at Ichor

In related news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $45.39, for a total transaction of $327,988.14. Following the completion of the sale, the chief technology officer now owns 50,490 shares in the company, valued at $2,291,741.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ichor news, Director Thomas M. Rohrs sold 50,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.37, for a total transaction of $2,268,500.00. Following the completion of the transaction, the director now owns 43,764 shares of the company’s stock, valued at approximately $1,985,572.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Philip Ryan Sr. Barros sold 7,226 shares of Ichor stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $45.39, for a total value of $327,988.14. Following the completion of the sale, the chief technology officer now directly owns 50,490 shares in the company, valued at $2,291,741.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,659 shares of company stock worth $3,652,848. 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.