Ichor Holdings, Ltd. (NASDAQ:ICHR) updated its third quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.59-0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.53. The company issued revenue guidance of $160-170 million, compared to the consensus revenue estimate of $148.54 million.Ichor Holdings also updated its Q2 guidance to $0.60 EPS.
A number of analysts have recently commented on the company. Cowen and Company reiterated an outperform rating and set a $27.00 target price (up previously from $25.00) on shares of Ichor Holdings in a research report on Wednesday, August 9th. Stifel Nicolaus lifted their target price on Ichor Holdings from $26.00 to $32.00 and gave the stock a buy rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated an outperform rating and set a $27.00 target price (up previously from $26.00) on shares of Ichor Holdings in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Ichor Holdings from a hold rating to a strong-buy rating and set a $21.00 price target on the stock in a research report on Friday, August 11th. Finally, Needham & Company LLC restated a positive rating and issued a $30.00 price target (up previously from $25.00) on shares of Ichor Holdings in a research report on Monday, July 31st. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $27.17.
Ichor Holdings, Ltd. (ICHR) opened at 20.36 on Friday. Ichor Holdings, Ltd. has a 52-week low of $9.76 and a 52-week high of $29.73. The firm has a market cap of $505.05 million and a PE ratio of 10.96. The firm’s 50-day moving average price is $20.87 and its 200 day moving average price is $20.09.
Ichor Holdings (NASDAQ:ICHR) last announced its quarterly earnings results on Thursday, August 10th. The technology company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.60 by $0.02. The business had revenue of $159.70 million for the quarter, compared to the consensus estimate of $159.36 million. The company’s revenue for the quarter was up 67.4% on a year-over-year basis. On average, equities analysts anticipate that Ichor Holdings, Ltd. will post $2.41 earnings per share for the current year.
In related news, insider Philip Ryan Sr. Barros sold 35,650 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $25.84, for a total transaction of $921,196.00. Following the transaction, the insider now owns 32,090 shares in the company, valued at $829,205.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dipanjan Deb sold 5,423,692 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $18.50, for a total transaction of $100,338,302.00. The disclosure for this sale can be found here. Insiders sold 5,693,447 shares of company stock worth $105,936,058 in the last 90 days. 5.80% of the stock is owned by company insiders.
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An institutional investor recently bought a new position in Ichor Holdings stock. The Manufacturers Life Insurance Company acquired a new position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,889 shares of the technology company’s stock, valued at approximately $180,000. Institutional investors and hedge funds own 68.53% of the company’s stock.
Ichor Holdings Company Profile
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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