Ichor (NASDAQ:ICHR) Posts Earnings Results

Ichor (NASDAQ:ICHR) issued its quarterly earnings results on Tuesday. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14), Zacks reports. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%.

Ichor Stock Performance

ICHR traded up $1.19 during midday trading on Tuesday, hitting $28.21. 315,730 shares of the company traded hands, compared to its average volume of 254,392. The company’s 50-day moving average is $31.56 and its 200 day moving average is $30.72. Ichor has a 52 week low of $25.95 and a 52 week high of $46.43. The firm has a market capitalization of $951.52 million, a PE ratio of -30.33 and a beta of 1.91. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

ICHR has been the topic of a number of recent research reports. TD Cowen cut their target price on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Needham & Company LLC lowered shares of Ichor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, B. Riley reiterated 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.29.

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.