FY2024 Earnings Forecast for Ichor Issued By DA Davidson

Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) - Stock analysts at DA Davidson issued their FY2024 EPS estimates for Ichor in a report released on Monday, January 27th. DA Davidson analyst T. Diffely forecasts 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.

Other research analysts have also recently issued research reports about the stock. 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. Needham & Company LLC cut Ichor from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, B. Riley reaffirmed a "buy" rating and set a $38.00 price objective (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.29.

Ichor Price Performance

NASDAQ:ICHR traded up $0.28 during trading hours on Wednesday, hitting $27.20. 318,189 shares of the stock traded hands, compared to its average volume of 244,316. The company has a market cap of $917.54 million, a price-to-earnings ratio of -29.25 and a beta of 1.92. Ichor has a 1 year low of $25.95 and a 1 year high of $46.43. The stock has a 50 day moving average price of $31.86 and a 200 day moving average price of $31.00. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18.

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

Hedge Funds Weigh In On Ichor

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Ichor by 1.8% during the third quarter. State Street Corp now owns 1,232,532 shares of the technology company's stock valued at $39,207,000 after buying an additional 21,804 shares during the period. Geode Capital Management LLC boosted its holdings in Ichor by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 795,794 shares of the technology company's stock valued at $25,319,000 after acquiring an additional 27,540 shares during the period. Royce & Associates LP grew its position in Ichor by 20.8% in the 3rd quarter. Royce & Associates LP now owns 718,967 shares of the technology company's stock valued at $22,870,000 after acquiring an additional 123,585 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in Ichor by 4.5% in the third quarter. Westfield Capital Management Co. LP now owns 580,818 shares of the technology company's stock worth $18,476,000 after purchasing an additional 24,889 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its position in shares of Ichor by 26.8% during the third quarter. Segall Bryant & Hamill LLC now owns 568,117 shares of the technology company's stock worth $18,072,000 after purchasing an additional 120,133 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company's stock.

Ichor Company Profile

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.