DA Davidson Predicts Ichor’s FY2024 Earnings (NASDAQ:ICHR)

Ichor Holdings, Ltd. (NASDAQ:ICHR) – Equities research analysts at DA Davidson issued their FY2024 EPS estimates for shares of Ichor in a research note issued to investors on Monday, January 27th. DA Davidson analyst T. Diffely expects that the technology company will post earnings of ($0.27) per share 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.

A number of other research analysts have also recently commented on the stock. TD Cowen cut their price target on shares of Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 17th. B. Riley restated a “buy” rating and set a $38.00 target price (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Finally, Needham & Company LLC lowered Ichor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.29.

Ichor Stock Up 1.0 %

Shares of ICHR stock opened at $27.20 on Wednesday. The stock has a market cap of $917.54 million, a P/E ratio of -29.25 and a beta of 1.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.64 and a quick ratio of 1.69. The stock has a fifty day moving average price of $31.86 and a 200 day moving average price of $31.00. Ichor has a one year low of $25.95 and a one year high of $46.43.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 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 firm had revenue of $211.14 million during the quarter, compared to analysts’ expectations of $203.24 million. During the same quarter in the prior year, the firm posted ($0.09) EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis.

Hedge Funds Weigh In On Ichor

Institutional investors have recently bought and sold shares of the business. Quarry LP increased its stake in shares of Ichor by 99.5% in the second quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after buying an additional 433 shares in the last quarter. GAMMA Investing LLC increased its position in Ichor by 136.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock valued at $34,000 after acquiring an additional 625 shares in the last quarter. Signaturefd LLC raised its stake in shares of Ichor by 214.6% in the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after acquiring an additional 854 shares during the last quarter. KBC Group NV lifted its position in shares of Ichor by 83.5% during the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after purchasing an additional 949 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Ichor by 134.9% during the third quarter. CWM LLC now owns 3,617 shares of the technology company’s stock valued at $115,000 after purchasing an additional 2,077 shares during the last quarter. Institutional investors own 94.81% 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.