Ichor (NASDAQ:ICHR) Updates Q2 Earnings Guidance

Ichor (NASDAQ:ICHR) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $(0.03)-0.09 for the period, compared to the consensus EPS estimate of $0.13. The company issued revenue guidance of $190-205 million, compared to the consensus revenue estimate of $201.20 million.

Ichor Stock Down 2.8 %

Shares of NASDAQ ICHR traded down $1.10 during midday trading on Wednesday, reaching $37.86. 760,200 shares of the company’s stock traded hands, compared to its average volume of 308,609. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -25.75 and a beta of 1.98. Ichor has a one year low of $22.26 and a one year high of $46.43. The company has a quick ratio of 1.57, a current ratio of 4.06 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $39.00 and its 200-day simple moving average is $34.62.

Ichor (NASDAQ:ICHR) last announced its earnings results on Tuesday, February 6th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.13). The company had revenue of $203.48 million for the quarter, compared to the consensus estimate of $197.50 million. Ichor had a negative net margin of 5.30% and a negative return on equity of 0.88%. On average, analysts predict that Ichor will post 0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ICHR shares. Craig Hallum dropped their price objective on shares of Ichor from $55.00 to $50.00 and set a buy rating on the stock in a report on Wednesday. Stifel Nicolaus increased their price objective on Ichor from $40.00 to $45.00 and gave the company a buy rating in a report on Tuesday, April 16th. TD Cowen lifted their target price on Ichor from $42.00 to $48.00 and gave the stock a buy rating in a report on Wednesday. B. Riley upgraded Ichor from a neutral rating to a buy rating and upped their target price for the company from $40.00 to $48.00 in a research report on Friday, April 19th. Finally, Needham & Company LLC reissued a hold rating and set a $42.00 price target on shares of Ichor in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $46.60.

Insider Buying and Selling at Ichor

In related news, CTO Philip Ryan Sr. Barros sold 7,226 shares of Ichor stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.39, for a total value of $327,988.14. Following the sale, the chief technology officer now owns 50,490 shares of the company’s stock, valued at approximately $2,291,741.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CTO Philip Ryan Sr. Barros sold 7,226 shares of Ichor stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $45.39, for a total value of $327,988.14. Following the sale, the chief technology officer now directly owns 50,490 shares in the company, valued at approximately $2,291,741.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher Smith sold 23,433 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.08, for a total value of $1,056,359.64. Following the sale, the insider now owns 70,329 shares of the company’s stock, valued at $3,170,431.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,659 shares of company stock valued at $3,652,848. 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 and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.