DA Davidson Forecasts Ichor’s FY2024 Earnings (NASDAQ:ICHR)

Ichor Holdings, Ltd. (NASDAQ:ICHRFree Report) – DA Davidson issued their FY2024 earnings estimates for Ichor in a report issued on Monday, January 27th. DA Davidson analyst T. Diffely anticipates that the technology company will post earnings per share of ($0.27) for the year. The consensus estimate for Ichor’s current full-year earnings is ($0.29) per share. DA Davidson also issued estimates for Ichor’s Q4 2024 earnings at ($0.04) EPS.

Ichor (NASDAQ:ICHRGet Free Report) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The company had revenue of $211.14 million during the quarter, compared to analyst estimates of $203.24 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis.

A number of other research analysts have also weighed in on ICHR. Needham & Company LLC lowered shares of Ichor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. TD Cowen lowered their target price on shares of Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Finally, B. Riley reiterated a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.29.

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Ichor Stock Up 0.4 %

ICHR stock opened at $26.92 on Wednesday. The company has a market capitalization of $908.01 million, a price-to-earnings ratio of -28.95 and a beta of 1.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. The stock has a fifty day moving average of $31.86 and a 200-day moving average of $31.00. Ichor has a fifty-two week low of $25.95 and a fifty-two week high of $46.43.

Institutional Trading of Ichor

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its holdings in Ichor by 1.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock worth $694,000 after purchasing an additional 373 shares during the period. Quarry LP boosted its position in shares of Ichor by 99.5% in the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after purchasing an additional 433 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Ichor by 136.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after buying an additional 625 shares during the last quarter. Signaturefd LLC increased its position in Ichor by 214.6% during the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock valued at $40,000 after buying an additional 854 shares in the last quarter. Finally, KBC Group NV raised its stake in Ichor by 83.5% during the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after buying an additional 949 shares during the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

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 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.

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