FY2024 Earnings Forecast for Ichor Issued By DA Davidson

Ichor Holdings, Ltd. (NASDAQ:ICHR) – DA Davidson issued their FY2024 earnings per share estimates for Ichor in a note issued to investors on Monday, January 27th. DA Davidson analyst T. Diffely anticipates that the technology company will post earnings per share of ($0.27) for the year. The consensus estimate for Ichor’s current full-year earnings is ($0.29) per share. DA Davidson also issued estimates for Ichor’s Q4 2024 earnings at ($0.04) EPS.

Other research analysts have also issued research reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $38.00 price target (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. TD Cowen reduced their target price on shares of Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, January 17th. Finally, Needham & Company LLC downgraded shares of Ichor from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $42.29.

Ichor Stock Performance

ICHR stock opened at $27.20 on Wednesday. Ichor has a 1-year low of $25.95 and a 1-year high of $46.43. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The firm has a market cap of $917.54 million, a PE ratio of -29.25 and a beta of 1.92. The business’s 50-day moving average price is $31.86 and its two-hundred day moving average price is $31.00.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. Ichor’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ICHR. Quarry LP lifted its position in shares of Ichor by 99.5% in the second quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after buying an additional 433 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Ichor by 136.2% in the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock valued at $34,000 after purchasing an additional 625 shares during the last quarter. Signaturefd LLC raised its position in shares of Ichor by 214.6% in the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock valued at $40,000 after purchasing an additional 854 shares during the period. KBC Group NV lifted its stake in shares of Ichor by 83.5% during the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after buying an additional 949 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Ichor by 134.9% during the 3rd quarter. CWM LLC now owns 3,617 shares of the technology company’s stock worth $115,000 after buying an additional 2,077 shares during the period. Institutional investors 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.