Ichor (NASDAQ:ICHR - Get Free Report) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of -0.030-0.090 for the period, compared to the consensus estimate of 0.130. The company issued revenue guidance of $190.0 million-$205.0 million, compared to the consensus revenue estimate of $201.3 million.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on ICHR shares. Stifel Nicolaus raised their target price on shares of Ichor from $40.00 to $45.00 and gave the company a buy rating in a report on Tuesday, April 16th. TD Cowen raised their target price on shares of Ichor from $42.00 to $48.00 and gave the stock a buy rating in a research report on Wednesday. Needham & Company LLC reaffirmed a hold rating and set a $42.00 price objective on shares of Ichor in a research note on Wednesday. B. Riley raised shares of Ichor from a neutral rating to a buy rating and lifted their target price for the company from $40.00 to $48.00 in a report on Friday, April 19th. Finally, Craig Hallum decreased their price target on Ichor from $55.00 to $50.00 and set a buy rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $46.60.
Get Our Latest Stock Analysis on ICHR
Ichor Price Performance
Shares of ICHR traded down $1.10 during mid-day trading on Wednesday, reaching $37.86. 760,200 shares of the company's stock were exchanged, compared to its average volume of 308,609. The company has a quick ratio of 1.57, a current ratio of 4.06 and a debt-to-equity ratio of 0.43. Ichor has a 52-week low of $22.26 and a 52-week high of $46.43. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -25.75 and a beta of 1.98. The company has a 50-day simple moving average of $39.00 and a two-hundred day simple moving average of $34.62.
Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.13). Ichor had a negative return on equity of 0.88% and a negative net margin of 5.30%. The company had revenue of $203.48 million during the quarter, compared to analyst estimates of $197.50 million. On average, sell-side analysts predict that Ichor will post 0.23 EPS for the current fiscal year.
Insider Activity at Ichor
In other Ichor news, insider Christopher Smith sold 23,433 shares of the firm'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 sale, the insider now directly owns 70,329 shares of the company's stock, valued at approximately $3,170,431.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ichor news, insider Christopher Smith sold 23,433 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the transaction, the insider now owns 70,329 shares of the company's stock, valued at approximately $3,170,431.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Philip Ryan Sr. Barros sold 7,226 shares of Ichor stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.39, for a total value of $327,988.14. Following the completion of the sale, the chief technology officer now directly owns 50,490 shares of the company's stock, valued at approximately $2,291,741.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,659 shares of company stock valued at $3,652,848. 2.20% of the stock is owned by insiders.
About Ichor
(
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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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