Ichor (NASDAQ:ICHR) Updates Q2 2024 Earnings Guidance

Ichor (NASDAQ:ICHR) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of -0.030-0.090 for the period, compared to the consensus earnings per share estimate of 0.130. The company issued revenue guidance of $190.0 million-$205.0 million, compared to the consensus revenue estimate of $201.3 million.

Wall Street Analyst Weigh In

ICHR has been the topic of several analyst reports. StockNews.com upgraded Ichor from a sell rating to a hold rating in a research note on Wednesday. Craig Hallum cut their target price on shares of Ichor from $55.00 to $50.00 and set a buy rating on the stock in a research note on Wednesday. Stifel Nicolaus boosted their price target on shares of Ichor from $40.00 to $45.00 and gave the stock a buy rating in a report on Tuesday, April 16th. B. Riley raised shares of Ichor from a neutral rating to a buy rating and increased their price objective for the company from $40.00 to $48.00 in a research report on Friday, April 19th. Finally, Needham & Company LLC reaffirmed a hold rating and set a $42.00 price objective on shares of Ichor in a research report on Wednesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $46.60.

Ichor Stock Up 0.3 %

Shares of Ichor stock traded up $0.12 during trading hours on Thursday, hitting $37.98. The company had a trading volume of 254,388 shares, compared to its average volume of 308,005. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.06 and a quick ratio of 1.57. The company’s 50-day moving average is $38.91 and its two-hundred day moving average is $34.64. The company has a market cap of $1.25 billion, a P/E ratio of -25.84 and a beta of 1.98. Ichor has a twelve month low of $22.26 and a twelve month high of $46.43.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data 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). Ichor had a negative net margin of 5.30% and a negative return on equity of 0.88%. The firm had revenue of $203.48 million during the quarter, compared to analyst estimates of $197.50 million. Analysts anticipate that Ichor will post 0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Ichor

In related news, insider Christopher Smith sold 23,433 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the transaction, the insider now owns 70,329 shares of the company’s stock, valued at $3,170,431.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Ichor news, insider Christopher Smith sold 23,433 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the completion of the transaction, the insider now owns 70,329 shares in the company, valued at approximately $3,170,431.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Philip Ryan Sr. Barros sold 7,226 shares of Ichor stock in a transaction dated Friday, February 16th. The shares were 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 directly owns 50,490 shares in the company, valued at approximately $2,291,741.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,659 shares of company stock worth $3,652,848. 2.20% of the stock is owned by company insiders.

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.