Ichor (NASDAQ:ICHR) Issues 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

Several equities analysts have recently issued reports on ICHR shares. TD Cowen boosted their target price on Ichor from $31.00 to $42.00 and gave the stock an outperform rating in a research report on Wednesday, February 7th. Stifel Nicolaus boosted their price objective on shares of Ichor from $40.00 to $45.00 and gave the company a buy rating in a report on Tuesday, April 16th. Craig Hallum assumed coverage on shares of Ichor in a report on Tuesday, April 9th. They issued a buy rating and a $55.00 target price on the stock. B. Riley raised shares of Ichor from a neutral rating to a buy rating and boosted their price target for the company from $40.00 to $48.00 in a report on Friday, April 19th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $42.00 price objective on shares of Ichor in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $46.40.

Ichor Stock Down 0.9 %

ICHR stock traded down $0.34 during trading hours on Tuesday, reaching $38.96. 380,341 shares of the stock were exchanged, compared to its average volume of 303,094. The firm’s 50-day moving average is $39.19 and its 200-day moving average is $34.50. Ichor has a 12 month low of $22.26 and a 12 month high of $46.43. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -27.07 and a beta of 1.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.06 and a quick ratio of 1.57.

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 return on equity of 0.88% and a negative net margin of 5.30%. The firm had revenue of $203.48 million for the quarter, compared to analyst estimates of $197.50 million. On average, equities research analysts expect that Ichor will post 0.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Christopher Smith sold 23,433 shares of the 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 $3,170,431.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Christopher Smith sold 23,433 shares of the company’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 sale, the insider now owns 70,329 shares in the company, valued at $3,170,431.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas M. Rohrs sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $45.37, for a total value 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 $1,985,572.68. The disclosure for this sale can be found here. Insiders sold a total of 80,659 shares of company stock valued at $3,652,848 in the last quarter. 2.20% of the stock is currently owned by 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.