Ichor (NASDAQ:ICHR) released its quarterly earnings results on Tuesday. The technology company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.04, MarketWatch Earnings reports. The business had revenue of $265.00 million during the quarter, compared to analyst estimates of $256.00 million. Ichor had a net margin of 3.34% and a return on equity of 17.61%. The business’s revenue was up 20.5% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. Ichor updated its Q2 2021 guidance to 0.770-0.930 EPS and its Q2 guidance to $0.77-$0.93 EPS.
ICHR opened at $54.22 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $55.30 and its 200 day moving average price is $39.95. Ichor has a fifty-two week low of $19.52 and a fifty-two week high of $63.42. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 43.38 and a beta of 2.33.
A number of brokerages recently commented on ICHR. Deutsche Bank Aktiengesellschaft increased their price target on Ichor from $42.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, February 3rd. Zacks Investment Research raised shares of Ichor from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Monday, April 19th. Cowen upped their price target on shares of Ichor from $48.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, April 14th. DA Davidson raised their price objective on shares of Ichor from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, April 14th. Finally, Needham & Company LLC increased their price target on shares of Ichor from $46.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, April 27th. Eight research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $56.88.
In other news, COO Kevin M. Canty sold 1,500 shares of the business’s stock in a transaction on Wednesday, April 7th. The shares were sold at an average price of $60.10, for a total transaction of $90,150.00. Following the completion of the transaction, the chief operating officer now owns 54,595 shares of the company’s stock, valued at $3,281,159.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas M. Rohrs sold 25,000 shares of the company’s stock in a transaction dated Wednesday, February 10th. The stock was sold at an average price of $41.46, for a total transaction of $1,036,500.00. Following the transaction, the director now owns 149,595 shares of the company’s stock, valued at approximately $6,202,208.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,500 shares of company stock valued at $2,196,650. 3.90% of the stock is currently owned by insiders.
Ichor Holdings Ltd. engages in designing, engineering, and manufacturing fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems, which are key elements of the process tools used in the manufacturing of semiconductor devices. The firm also manufactures precision machined components, weldments, and proprietary products for use in fluid delivery systems for direct sales to its customers.
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