Wall Street analysts expect that Ichor Holdings, Ltd. (NASDAQ:ICHR) will post $0.63 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ichor Holdings’ earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.62. The company is expected to issue its next earnings results on Thursday, November 9th.
On average, analysts expect that Ichor Holdings will report full-year earnings of $2.47 per share for the current year, with EPS estimates ranging from $2.44 to $2.49. For the next fiscal year, analysts expect that the firm will post earnings of $2.95 per share, with EPS estimates ranging from $2.90 to $3.00. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Ichor Holdings.
Ichor Holdings (NASDAQ:ICHR) last released its quarterly earnings results on Thursday, August 10th. The technology company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.02). The firm had revenue of $159.70 million during the quarter, compared to analysts’ expectations of $159.36 million. Ichor Holdings’s revenue for the quarter was up 67.4% compared to the same quarter last year.
Several brokerages recently commented on ICHR. Royal Bank Of Canada restated a “buy” rating and issued a $37.00 price target on shares of Ichor Holdings in a research report on Friday, October 20th. Cowen and Company upped their price target on shares of Ichor Holdings from $27.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. Needham & Company LLC upped their price target on shares of Ichor Holdings from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of Ichor Holdings from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Thursday, October 12th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $32.00 target price (up previously 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, The company currently has a consensus rating of “Buy” and an average price target of $34.83.
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In other Ichor Holdings news, Director Iain Mackenzie sold 4,680 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $27.11, for a total value of $126,874.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Maurice Eugene Carson sold 17,300 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $27.65, for a total transaction of $478,345.00. Following the completion of the sale, the chief financial officer now owns 57,922 shares of the company’s stock, valued at approximately $1,601,543.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,517,517 shares of company stock valued at $121,218,370. Insiders own 5.80% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in ICHR. C M Bidwell & Associates Ltd. bought a new position in shares of Ichor Holdings during the 2nd quarter valued at $162,000. The Manufacturers Life Insurance Company bought a new position in shares of Ichor Holdings during the 2nd quarter valued at $180,000. Royal Bank of Canada raised its holdings in shares of Ichor Holdings by 38.2% during the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock valued at $189,000 after purchasing an additional 2,600 shares in the last quarter. Hancock Holding Co. raised its holdings in shares of Ichor Holdings by 1.2% during the 2nd quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock valued at $208,000 after purchasing an additional 126 shares in the last quarter. Finally, TIAA CREF Investment Management LLC bought a new position in shares of Ichor Holdings during the 1st quarter valued at $219,000. Institutional investors own 83.08% of the company’s stock.
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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