DA Davidson Weighs in on Ichor Holdings, Ltd.’s Q3 2024 Earnings (NASDAQ:ICHR)

Ichor Holdings, Ltd. (NASDAQ:ICHR) – Investment analysts at DA Davidson issued their Q3 2024 EPS estimates for shares of Ichor in a research report issued to clients and investors on Thursday, September 26th. DA Davidson analyst T. Diffely forecasts that the technology company will earn $0.01 per share for the quarter. DA Davidson currently 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.

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

A number of other equities research analysts have also recently commented on ICHR. Needham & Company LLC lowered their price objective on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. TD Cowen lowered their price objective on shares of Ichor from $48.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, Oppenheimer assumed coverage on shares of Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ichor currently has an average rating of “Moderate Buy” and an average target price of $43.29.

Ichor Price Performance

Shares of NASDAQ ICHR opened at $31.86 on Monday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -18.00 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’s 50-day moving average price is $30.27 and its 200 day moving average price is $35.49. The company has a current ratio of 4.27, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in Ichor by 68.5% in the 4th quarter. Wellington Management Group LLP now owns 291,389 shares of the technology company’s stock valued at $9,799,000 after purchasing an additional 118,498 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Ichor by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock worth $109,743,000 after acquiring an additional 176,970 shares during the period. Mutual of America Capital Management LLC purchased a new position in shares of Ichor during the 1st quarter worth about $1,353,000. Epoch Investment Partners Inc. lifted its holdings in shares of Ichor by 33.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 265,246 shares of the technology company’s stock worth $10,244,000 after acquiring an additional 65,862 shares during the period. Finally, Swedbank AB purchased a new position in shares of Ichor during the 1st quarter worth about $67,106,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Company Profile

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.