Ichor (ICHR) Updates Q2 Earnings Guidance

Ichor (NASDAQ:ICHR) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.91-1.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.96. The company issued revenue guidance of $244-254 million, compared to the consensus revenue estimate of $247.23 million.

NASDAQ ICHR traded up $0.13 during trading hours on Tuesday, hitting $23.93. 911,555 shares of the company’s stock were exchanged, compared to its average volume of 1,369,287. Ichor has a 12-month low of $17.76 and a 12-month high of $35.51. The company has a market capitalization of $623.87 million, a PE ratio of 9.93 and a beta of 5.04. The company has a current ratio of 1.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.83.

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Ichor (NASDAQ:ICHR) last released its earnings results on Wednesday, February 7th. The technology company reported $0.68 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. Ichor had a return on equity of 33.93% and a net margin of 7.83%. The firm had revenue of $182.94 million for the quarter, compared to the consensus estimate of $183.06 million. equities analysts predict that Ichor will post 3.56 EPS for the current year.

ICHR has been the topic of several recent analyst reports. BidaskClub downgraded Ichor from a hold rating to a sell rating in a research report on Friday, March 30th. Zacks Investment Research downgraded Ichor from a buy rating to a hold rating in a research report on Tuesday, January 16th. ValuEngine upgraded Ichor from a buy rating to a strong-buy rating in a research report on Friday, February 2nd. Needham & Company LLC reiterated a buy rating and set a $42.00 target price (up from $36.00) on shares of Ichor in a research report on Friday, January 19th. Finally, Stifel Nicolaus increased their target price on Ichor from $36.00 to $37.00 and gave the stock a buy rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $38.33.

In other news, insider Philip Ryan Sr. Barros sold 35,650 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $25.47, for a total value of $908,005.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Iain Mackenzie sold 4,680 shares of the firm’s stock in a transaction dated Monday, April 9th. The stock was sold at an average price of $24.29, for a total value of $113,677.20. Following the completion of the transaction, the director now owns 4,680 shares in the company, valued at $113,677.20. The disclosure for this sale can be found here. Company 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, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.

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