Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Rating) – Equity analysts B. Riley dropped their first-quarter 2023 earnings per share estimates for Ichor shares in a research report delivered to clients and investors on Monday, July 25. B. Riley analyst C. Ellis now expects the technology company to earn $1.02 per share for the quarter, down from its previous estimate of $1.03. B. Riley currently has a “neutral” rating and a target price of $30.00 on the stock. The consensus estimate of Ichor’s current annual earnings is $3.27 per share. B. Riley also released Ichor earnings estimates for Q2 2023 at $1.04 EPS, Q3 2023 earnings at $1.06 EPS, Q4 2023 earnings at $1.04 EPS and of fiscal year 2023 at $4.17 EPS.
Ichor (NASDAQ:ICHR – Get Rating) last released its results on Tuesday, May 10. The tech company reported EPS of $0.61 for the quarter, missing analyst consensus estimates of $0.79 per ($0.18). The company posted revenue of $293.15 million for the quarter, versus a consensus estimate of $300.08 million. Ichor achieved a net margin of 5.71% and a return on equity of 17.89%. The company’s revenue increased by 10.8% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $0.69.
Several other analysts also weighed in on the company. Cowen reduced his price target on Ichor from $50.00 to $41.00 in a Wednesday, May 11 report. DA Davidson reduced its price target on Ichor from $75.00 to $60.00 and set a “buy” rating on the stock in a Wednesday, May 11 report. Cowen reduced his price target on Ichor from $50.00 to $41.00 in a Wednesday, May 11 report. TheStreet downgraded Ichor from a “b-” rating to a “c+” rating in a Tuesday, May 10 report. Finally, StockNews.com downgraded Ichor from a “hold” rating to a “sell” rating in a Monday, May 23 research rating. One financial analyst has assigned the stock a sell rating, one has issued a hold rating and two have assigned the stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $44.80.
Ichor Stock down 1.8%
The NASDAQ ICHR opened Tuesday at $28.86. The stock has a 50-day moving average price of $27.51 and a 200-day moving average price of $32.66. Ichor has a one-year low of $21.08 and a one-year high of $53.20. The company has a market capitalization of $826.26 million, a P/E ratio of 13.00 and a beta of 2.07. The company has a debt ratio of 0.55, a quick ratio of 1.01 and a current ratio of 2.37.
Institutional investors weigh in on Ichor
Institutional investors have recently increased or reduced their stake in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Ichor during the fourth quarter valued at approximately $264,000. CapWealth Advisors LLC increased its holdings in Ichor by 6.9% in the first quarter. CapWealth Advisors LLC now owns 18,695 shares of the technology company worth $666,000 after acquiring 1,205 additional shares last quarter. Isthmus Partners LLC increased its holdings in Ichor by 5.9% in the first quarter. Isthmus Partners LLC now owns 46,969 shares of the technology company worth $1,673,000 after acquiring 2,606 additional shares last quarter. Pitcairn Co. acquired a new stake in Ichor in the fourth quarter worth approximately $460,000. Finally, MBM Wealth Consultants LLC increased its stake in Ichor by 15.2% in the fourth quarter. MBM Wealth Consultants LLC now owns 6,423 shares of the technology company worth $296,000 after acquiring 848 additional shares last quarter. Institutional investors hold 86.95% of the company’s shares.
Insiders place their bets
Separately, CTO Philip Ryan Sr. Barros sold 12,249 shares of the company in a trade on Wednesday, May 25. The stock was sold at an average price of $26.85, for a total transaction of $328,885.65. Following the transaction, the chief technology officer now owns 61,090 shares of the company, valued at $1,640,266.50. The sale was disclosed in a legal filing with the SEC, accessible via this link. Separately, CTO Philip Ryan Sr. Barros sold 12,249 shares of the company in a trade on Wednesday, May 25. The stock was sold at an average price of $26.85, for a total transaction of $328,885.65. Following the transaction, the chief technology officer now owns 61,090 shares of the company, valued at $1,640,266.50. The sale was disclosed in a legal filing with the SEC, accessible via this link. Additionally, director Iain Mackenzie sold 2,500 shares of the company in a trade on Wednesday, May 18. The shares were sold at an average price of $28.82, for a total value of $72,050.00. As a result of the transaction, the administrator now owns 15,364 shares of the company, valued at approximately $442,790.48. The disclosure of this sale can be found here. Insiders hold 2.80% of the shares of the company.
Ichor Company Profile
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Ichor Holdings, Ltd. deals with the design, engineering and manufacturing of subsystems and fluid delivery components for semiconductor equipment. It mainly offers gas and chemical delivery systems and subsystems used in the manufacture of semiconductor devices. The company’s gas delivery subsystems supply, monitor and control gases used in semiconductor manufacturing processes, such as etching and deposition; and chemical delivery subsystems mix and dispense reactive liquid chemicals used in semiconductor manufacturing processes including chemical-mechanical planarization, electroplating, and cleaning.
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