B. Riley Issues Pessimistic Forecast for Ichor Earnings

Ichor Holdings, Ltd. (NASDAQ:ICHR) – Equities research analysts at B. Riley decreased their FY2024 earnings per share (EPS) estimates for Ichor in a research report issued to clients and investors on Monday, January 13th. B. Riley analyst C. Ellis now forecasts that the technology company will post earnings per share of ($0.30) for the year, down from their previous forecast of ($0.11). B. Riley currently has a “Buy” rating and a $38.00 target price on the stock. The consensus estimate for Ichor’s current full-year earnings is ($0.10) per share. B. Riley also issued estimates for Ichor’s Q4 2024 earnings at ($0.05) EPS, Q2 2025 earnings at $0.17 EPS and FY2025 earnings at $0.78 EPS.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping 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 company had revenue of $211.14 million for the quarter, compared to the consensus estimate of $203.24 million. During the same period in the previous year, the business earned ($0.09) EPS. Ichor’s revenue for the quarter was up 7.3% compared to the same quarter last year.

Several other research analysts have also weighed in on the stock. Needham & Company LLC lowered shares of Ichor from a “buy” rating to a “hold” rating in a report on Monday, January 13th. TD Cowen decreased their price target on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday. Oppenheimer initiated coverage on Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective for the company. Finally, DA Davidson began coverage on Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 target price on the stock. Three 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.29.

Ichor Stock Down 3.5 %

Shares of NASDAQ:ICHR opened at $30.84 on Thursday. The firm has a market cap of $1.04 billion, a PE ratio of -33.16 and a beta of 1.92. The company has a fifty day simple moving average of $32.18 and a 200 day simple moving average of $31.69. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. Ichor has a 12-month low of $26.40 and a 12-month high of $46.43.

Institutional Investors Weigh In On Ichor

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of Ichor by 157.9% during the third quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock valued at $10,823,000 after purchasing an additional 208,328 shares during the last quarter. Millennium Management LLC acquired a new position in Ichor during the 2nd quarter valued at approximately $6,382,000. Hood River Capital Management LLC grew its stake in Ichor by 15.8% during the 2nd quarter. Hood River Capital Management LLC now owns 1,108,227 shares of the technology company’s stock worth $42,722,000 after buying an additional 150,933 shares during the last quarter. Renaissance Technologies LLC increased its position in Ichor by 322.6% in the second quarter. Renaissance Technologies LLC now owns 164,400 shares of the technology company’s stock worth $6,338,000 after buying an additional 125,500 shares during the period. Finally, Royce & Associates LP lifted its stake in Ichor by 20.8% in the third quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock valued at $22,870,000 after buying an additional 123,585 shares during the last quarter. Institutional investors and hedge funds 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.