$165.03 Million in Sales Expected for Ichor Holdings, Ltd. (ICHR) This Quarter

Equities analysts predict that Ichor Holdings, Ltd. (NASDAQ:ICHR) will report sales of $165.03 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Ichor Holdings’ earnings. The lowest sales estimate is $165.00 million and the highest is $165.06 million. The company is scheduled to report its next earnings report after the market closes on Thursday, November 9th.

According to Zacks, analysts expect that Ichor Holdings will report full year sales of $165.03 million for the current fiscal year, with estimates ranging from $650.00 million to $651.58 million. For the next fiscal year, analysts forecast that the company will report sales of $754.97 million per share, with estimates ranging from $749.00 million to $760.93 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Ichor Holdings.

Ichor Holdings (NASDAQ:ICHR) last announced its earnings results on Thursday, August 10th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.02). The business had revenue of $159.70 million for the quarter, compared to the consensus estimate of $159.36 million. The business’s revenue was up 67.4% on a year-over-year basis.

A number of equities research analysts recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $37.00 price objective on shares of Ichor Holdings in a research report on Friday, October 20th. Cowen and Company raised their price target on Ichor Holdings from $27.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded Ichor Holdings from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Thursday, October 12th. Needham & Company LLC raised their price target on Ichor Holdings from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $32.00 price target (up from $26.00) on shares of Ichor Holdings in a research report on Tuesday, October 10th. Six analysts have rated the stock with a buy rating, Ichor Holdings has an average rating of “Buy” and a consensus target price of $34.83.

In related news, CEO Thomas M. Rohrs sold 130,767 shares of Ichor Holdings stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $19.57, for a total transaction of $2,559,110.19. Following the completion of the transaction, the chief executive officer now owns 125,558 shares in the company, valued at $2,457,170.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dipanjan Deb sold 5,423,692 shares of Ichor Holdings stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $18.50, for a total value of $100,338,302.00. The disclosure for this sale can be found here. Insiders sold a total of 6,534,817 shares of company stock worth $121,726,471 in the last three months. Company insiders own 5.80% of the company’s stock.

Several large investors have recently modified their holdings of the company. Neuberger Berman Group LLC raised its position in shares of Ichor Holdings by 38.0% in the second quarter. Neuberger Berman Group LLC now owns 1,060,835 shares of the technology company’s stock valued at $21,386,000 after buying an additional 292,351 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Ichor Holdings by 262.9% in the second quarter. Ameriprise Financial Inc. now owns 943,466 shares of the technology company’s stock valued at $19,021,000 after buying an additional 683,466 shares in the last quarter. Paradigm Capital Management Inc. NY raised its position in shares of Ichor Holdings by 2,598.2% in the second quarter. Paradigm Capital Management Inc. NY now owns 906,600 shares of the technology company’s stock valued at $18,277,000 after buying an additional 873,000 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Ichor Holdings by 182.9% in the second quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock valued at $9,700,000 after buying an additional 311,083 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of Ichor Holdings by 65.0% in the second quarter. Royce & Associates LP now owns 297,118 shares of the technology company’s stock valued at $5,990,000 after buying an additional 117,043 shares in the last quarter. Institutional investors own 83.08% of the company’s stock.

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Ichor Holdings Company Profile

Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.

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