DA Davidson Issues Pessimistic Outlook for Ichor Earnings

Ichor Holdings, Ltd. (NASDAQ:ICHRFree Report) – Equities research analysts at DA Davidson lowered their FY2025 earnings estimates for shares of Ichor in a report released on Monday, January 27th. DA Davidson analyst T. Diffely now anticipates that the technology company will post earnings per share of $1.03 for the year, down from their prior estimate of $1.08. The consensus estimate for Ichor’s current full-year earnings is ($0.29) per share.

Ichor (NASDAQ:ICHRGet Free Report) last issued its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The firm had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. During the same quarter last year, the business posted ($0.09) earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis.

ICHR has been the subject of several other reports. Needham & Company LLC cut shares of Ichor from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. B. Riley restated a “buy” rating and issued a $38.00 price objective (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Finally, TD Cowen cut their target price on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 17th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.29.

Check Out Our Latest Research Report on Ichor

Ichor Stock Performance

Shares of ICHR stock opened at $27.20 on Tuesday. The firm has a market capitalization of $917.54 million, a price-to-earnings ratio of -29.25 and a beta of 1.92. 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 business’s 50-day moving average price is $31.86 and its 200-day moving average price is $31.00. Ichor has a 12 month low of $25.95 and a 12 month high of $46.43.

Institutional Investors Weigh In On Ichor

Several large investors have recently added to or reduced their stakes in the business. State Street Corp grew its position in shares of Ichor by 1.8% during the 3rd quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock worth $39,207,000 after buying an additional 21,804 shares during the period. Geode Capital Management LLC boosted its stake in Ichor by 3.6% during the third quarter. Geode Capital Management LLC now owns 795,794 shares of the technology company’s stock worth $25,319,000 after acquiring an additional 27,540 shares in the last quarter. Royce & Associates LP grew its holdings in Ichor by 20.8% in the third quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock worth $22,870,000 after purchasing an additional 123,585 shares during the period. Westfield Capital Management Co. LP increased its stake in Ichor by 4.5% in the third quarter. Westfield Capital Management Co. LP now owns 580,818 shares of the technology company’s stock valued at $18,476,000 after purchasing an additional 24,889 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Ichor by 26.8% during the third quarter. Segall Bryant & Hamill LLC now owns 568,117 shares of the technology company’s stock valued at $18,072,000 after purchasing an additional 120,133 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

About Ichor

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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.

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