Q1 2021 EPS Estimates for Ichor Holdings, Ltd. Raised by DA Davidson (NASDAQ:ICHR)

Ichor Holdings, Ltd. (NASDAQ:ICHR) – DA Davidson increased their Q1 2021 earnings per share estimates for Ichor in a research note issued to investors on Wednesday, April 14th. DA Davidson analyst T. Diffely now anticipates that the technology company will post earnings per share of $0.67 for the quarter, up from their prior forecast of $0.62. DA Davidson has a “Buy” rating and a $75.00 price target on the stock.

Other equities research analysts have also issued research reports about the company. Needham & Company LLC lifted their price target on Ichor from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Ichor from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. Zacks Investment Research downgraded Ichor from a “buy” rating to a “hold” rating in a report on Wednesday, April 7th. Cowen lifted their price objective on Ichor from $48.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, B. Riley boosted their price target on Ichor from $63.00 to $75.00 and gave the company a “buy” rating in a report on Monday, April 5th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Ichor currently has an average rating of “Buy” and an average price target of $51.88.

Shares of ICHR stock opened at $59.04 on Friday. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $49.84 and a two-hundred day moving average price of $36.70. Ichor has a 12-month low of $19.52 and a 12-month high of $63.42. The firm has a market cap of $1.66 billion, a P/E ratio of 47.23 and a beta of 2.33.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Monday, February 1st. The technology company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.10. Ichor had a return on equity of 17.61% and a net margin of 3.34%. The company had revenue of $245.00 million during the quarter, compared to analyst estimates of $188.90 million. During the same quarter last year, the company earned $0.48 earnings per share. The firm’s quarterly revenue was up 29.4% on a year-over-year basis.

In other news, COO Kevin M. Canty sold 1,500 shares of Ichor stock in a transaction on Wednesday, April 7th. The shares were sold at an average price of $60.10, for a total transaction of $90,150.00. Following the completion of the sale, the chief operating officer now directly owns 54,595 shares in the company, valued at $3,281,159.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas M. Rohrs sold 25,000 shares of Ichor stock in a transaction on Monday, February 8th. The stock was sold at an average price of $42.80, for a total transaction of $1,070,000.00. Following the sale, the director now owns 149,595 shares of the company’s stock, valued at $6,402,666. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,500 shares of company stock worth $2,196,650. 3.90% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hood River Capital Management LLC purchased a new stake in shares of Ichor during the fourth quarter worth about $18,511,000. BlackRock Inc. increased its stake in Ichor by 10.6% during the 4th quarter. BlackRock Inc. now owns 3,716,967 shares of the technology company’s stock worth $112,047,000 after buying an additional 355,348 shares during the period. Peregrine Capital Management LLC purchased a new stake in Ichor during the 4th quarter worth approximately $9,061,000. Goodman Financial Corp purchased a new stake in Ichor during the 4th quarter worth approximately $8,463,000. Finally, Epoch Investment Partners Inc. increased its position in shares of Ichor by 290.2% in the 4th quarter. Epoch Investment Partners Inc. now owns 214,078 shares of the technology company’s stock valued at $6,453,000 after purchasing an additional 159,219 shares during the last quarter. 78.20% of the stock is owned by institutional investors.

Ichor Company Profile

Ichor Holdings Ltd. engages in designing, engineering, and manufacturing fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems, which are key elements of the process tools used in the manufacturing of semiconductor devices. The firm also manufactures precision machined components, weldments, and proprietary products for use in fluid delivery systems for direct sales to its customers.

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