Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Rating) – Equities researchers at DA Davidson upped their FY2022 earnings estimates for shares of Ichor in a research report issued to clients and investors on Wednesday, August 10th. DA Davidson analyst T. Diffely now forecasts that the technology company will post earnings per share of $3.39 for the year, up from their prior forecast of $3.29. DA Davidson has a "Buy" rating and a $60.00 price target on the stock. The consensus estimate for Ichor's current full-year earnings is $3.31 per share. DA Davidson also issued estimates for Ichor's FY2023 earnings at $4.00 EPS.
Get Ichor alerts:A number of other equities analysts also recently issued reports on ICHR. Cowen lowered their price objective on Ichor from $50.00 to $41.00 in a research report on Wednesday, May 11th. Cowen reduced their price objective on shares of Ichor from $50.00 to $41.00 in a research note on Wednesday, May 11th. TheStreet downgraded shares of Ichor from a "b-" rating to a "c+" rating in a research note on Tuesday, May 10th. StockNews.com upgraded shares of Ichor from a "sell" rating to a "hold" rating in a report on Thursday. Finally, B. Riley downgraded Ichor from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $37.00 to $30.00 in a report on Wednesday, June 15th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $44.80.
Ichor Stock Up 7.6 %
Shares of NASDAQ:ICHR opened at $36.45 on Friday. The business has a fifty day simple moving average of $28.33 and a 200 day simple moving average of $31.59. Ichor has a 12-month low of $21.08 and a 12-month high of $51.98. The firm has a market cap of $1.05 billion, a P/E ratio of 16.80 and a beta of 2.07. The company has a quick ratio of 1.01, a current ratio of 2.52 and a debt-to-equity ratio of 0.55.Ichor (NASDAQ:ICHR – Get Rating) last released its quarterly earnings results on Tuesday, August 9th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.26. Ichor had a net margin of 5.37% and a return on equity of 17.33%. The firm had revenue of $329.56 million during the quarter, compared to the consensus estimate of $310.14 million. During the same quarter last year, the firm earned $0.85 earnings per share. The company's revenue for the quarter was up 16.7% on a year-over-year basis.
Institutional Trading of Ichor
A number of hedge funds and other institutional investors have recently bought and sold shares of ICHR. Renaissance Technologies LLC grew its holdings in shares of Ichor by 31.8% during the second quarter. Renaissance Technologies LLC now owns 78,406 shares of the technology company's stock valued at $2,037,000 after buying an additional 18,906 shares during the last quarter. Northern Trust Corp lifted its position in Ichor by 0.4% in the 2nd quarter. Northern Trust Corp now owns 304,209 shares of the technology company's stock valued at $7,904,000 after acquiring an additional 1,349 shares in the last quarter. Aurora Investment Counsel boosted its stake in Ichor by 7.6% during the 2nd quarter. Aurora Investment Counsel now owns 20,770 shares of the technology company's stock valued at $540,000 after purchasing an additional 1,475 shares during the last quarter. FMR LLC increased its holdings in Ichor by 16.8% during the 2nd quarter. FMR LLC now owns 2,654,548 shares of the technology company's stock worth $68,966,000 after purchasing an additional 381,711 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its stake in shares of Ichor by 6.8% in the second quarter. Essex Investment Management Co. LLC now owns 132,578 shares of the technology company's stock worth $3,444,000 after purchasing an additional 8,457 shares during the last quarter. Institutional investors own 86.95% of the company's stock.
Insider Buying and Selling
In other Ichor news, CTO Philip Ryan Sr. Barros sold 12,249 shares of Ichor stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $26.85, for a total value of $328,885.65. Following the completion of the sale, the chief technology officer now directly owns 61,090 shares of the company's stock, valued at $1,640,266.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Iain Mackenzie sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $28.82, for a total transaction of $72,050.00. Following the completion of the sale, the director now owns 15,364 shares in the company, valued at $442,790.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Philip Ryan Sr. Barros sold 12,249 shares of the stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $26.85, for a total value of $328,885.65. Following the completion of the transaction, the chief technology officer now owns 61,090 shares in the company, valued at $1,640,266.50. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.
Ichor Company Profile
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Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning.
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