Equities Analysts Issue Forecasts for Ichor Q4 Earnings

Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) - Investment analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of Ichor in a report issued on Tuesday, November 5th. DA Davidson analyst T. Diffely expects that the technology company will post earnings per share of $0.11 for the quarter. DA Davidson has a "Strong-Buy" rating on the stock. The consensus estimate for Ichor's current full-year earnings is ($0.17) per share. DA Davidson also issued estimates for Ichor's FY2025 earnings at $0.94 EPS.

A number of other analysts have also recently commented on the stock. B. Riley restated a "buy" rating and set a $38.00 price target (up from $36.00) on shares of Ichor in a research note on Tuesday. StockNews.com upgraded shares of Ichor from a "sell" rating to a "hold" rating in a research note on Wednesday, August 14th. Oppenheimer began coverage on Ichor in a research report on Wednesday, September 25th. They issued a "market perform" rating and a $35.00 target price on the stock. TD Cowen increased their price objective on shares of Ichor from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Needham & Company LLC reduced their target price on Ichor from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.57.

Ichor Trading Up 3.2 %

Shares of Ichor stock traded up $1.02 on Wednesday, hitting $32.52. The company had a trading volume of 346,566 shares, compared to its average volume of 245,194. Ichor has a 1 year low of $22.26 and a 1 year high of $46.43. The stock has a 50 day moving average of $28.94 and a 200-day moving average of $33.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27.

Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings data 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 2.18% and a negative net margin of 3.51%. The company had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. The firm's revenue was up 7.3% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ICHR. Quarry LP lifted its position in Ichor by 99.5% during the second quarter. Quarry LP now owns 868 shares of the technology company's stock valued at $33,000 after purchasing an additional 433 shares during the period. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 625 shares during the period. Signaturefd LLC boosted its position in Ichor by 214.6% during the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company's stock worth $40,000 after purchasing an additional 854 shares in the last quarter. CWM LLC lifted its position in shares of Ichor by 50.5% during the 2nd quarter. CWM LLC now owns 1,540 shares of the technology company's stock valued at $59,000 after buying an additional 517 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in Ichor in the 1st quarter valued at $225,000. 94.81% of the stock is owned by institutional investors and hedge funds.

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.