Ichor (NASDAQ:ICHR) Issues Q2 Earnings Guidance

Ichor (NASDAQ:ICHR - Get Free Report) issued an update on its second quarter earnings guidance on Tuesday morning. 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.

Analyst Ratings Changes

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

Ichor Stock Performance

Shares of NASDAQ:ICHR traded down $0.34 during trading on Tuesday, reaching $38.96. The company had a trading volume of 380,341 shares, compared to its average volume of 303,094. 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 has a fifty-two week low of $22.26 and a fifty-two week high of $46.43. The stock's fifty day moving average price is $39.19 and its 200 day moving average price is $34.50. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -27.07 and a beta of 1.98.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its earnings results on Tuesday, February 6th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.13). The company had revenue of $203.48 million during the quarter, compared to analysts' expectations of $197.50 million. Ichor had a negative net margin of 5.30% and a negative return on equity of 0.88%. As a group, equities research analysts predict that Ichor will post 0.23 EPS for the current year.

Insider Activity at Ichor

In other Ichor news, insider Christopher Smith sold 23,433 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.08, for a total value of $1,056,359.64. Following the sale, the insider now owns 70,329 shares of the company's stock, valued at $3,170,431.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CTO Philip Ryan Sr. Barros sold 7,226 shares of Ichor stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $45.39, for a total transaction of $327,988.14. Following the completion of the sale, the chief technology officer now owns 50,490 shares in the company, valued at approximately $2,291,741.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher Smith sold 23,433 shares of the company's stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold 80,659 shares of company stock valued at $3,652,848 in the last ninety days. Corporate insiders own 2.20% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.