Brokers Set Expectations for Ichor Holdings, Ltd.’s Q3 2024 Earnings (NASDAQ:ICHR)

Ichor Holdings, Ltd. (NASDAQ:ICHR) – Stock analysts at DA Davidson issued their Q3 2024 earnings per share (EPS) estimates for Ichor in a research note issued on Thursday, September 26th. DA Davidson analyst T. Diffely expects that the technology company will earn $0.01 per share for the quarter. DA Davidson has a “Strong-Buy” rating on the stock. The consensus estimate for Ichor’s current full-year earnings is ($0.22) per share. DA Davidson also issued estimates for Ichor’s FY2024 earnings at ($0.14) EPS and FY2025 earnings at $1.09 EPS.

Several other research firms have also recently commented on ICHR. TD Cowen cut their price objective on shares of Ichor from $48.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Oppenheimer began coverage on shares of Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price target for the company. Needham & Company LLC reduced their target price on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.29.

Ichor Stock Performance

Shares of ICHR stock opened at $30.15 on Monday. The company has a market capitalization of $1.01 billion, a P/E ratio of -17.97 and a beta of 1.91. Ichor has a 52 week low of $22.26 and a 52 week high of $46.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27. The company’s 50 day moving average price is $30.17 and its two-hundred day moving average price is $35.44.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.02. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The business had revenue of $203.23 million for the quarter, compared to analysts’ expectations of $197.75 million.

Hedge Funds Weigh In On Ichor

Several large investors have recently bought and sold shares of the stock. Quarry LP increased its position in shares of 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 acquiring an additional 433 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Ichor during the 4th quarter valued at $41,000. CWM LLC raised its stake in shares of Ichor by 50.5% during the 2nd quarter. CWM LLC now owns 1,540 shares of the technology company’s stock worth $59,000 after purchasing an additional 517 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Ichor by 39.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock worth $102,000 after buying an additional 854 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new position in shares of Ichor in the 1st quarter worth about $225,000. 94.81% of the stock is currently owned by institutional investors.

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.