What is DA Davidson’s Forecast for Ichor FY2024 Earnings?

Ichor Holdings, Ltd. (NASDAQ:ICHR) – Stock analysts at DA Davidson raised their FY2024 earnings per share estimates for Ichor in a report issued on Tuesday, November 5th. DA Davidson analyst T. Diffely now expects that the technology company will post earnings of ($0.13) per share for the year, up from their prior estimate of ($0.14). DA Davidson has a “Strong-Buy” rating on the stock. The consensus estimate for Ichor’s current full-year earnings is ($0.17) per share.

ICHR has been the subject of a number of other reports. Needham & Company LLC reduced their price objective on shares of Ichor from $44.00 to $40.00 and set a “buy” rating for the company 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 report on Wednesday, August 14th. B. Riley reissued a “buy” rating and set a $38.00 target price (up previously from $36.00) on shares of Ichor in a report on Tuesday. Oppenheimer initiated coverage on Ichor in a research report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target on the stock. Finally, TD Cowen upped their target price on Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday. Two 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 stock. According to data from MarketBeat.com, Ichor has a consensus rating of “Moderate Buy” and an average target price of $42.57.

Ichor Stock Up 3.2 %

Shares of NASDAQ:ICHR opened at $32.52 on Thursday. The company’s fifty day simple moving average is $28.94 and its 200 day simple moving average is $33.75. Ichor has a 12 month low of $22.26 and a 12 month high of $46.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27.

Ichor (NASDAQ:ICHR) last posted its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Ichor had a negative return on equity of 2.18% and a negative net margin of 3.51%. The business had revenue of $211.14 million during the quarter, compared to analysts’ expectations of $203.24 million. During the same period in the prior year, the business earned ($0.09) EPS. Ichor’s revenue for the quarter was up 7.3% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ICHR. Vanguard Group Inc. grew 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 valued at $109,743,000 after purchasing an additional 176,970 shares during the last quarter. Mutual of America Capital Management LLC acquired a new position in shares of Ichor during the first quarter worth $1,353,000. Epoch Investment Partners Inc. lifted its stake in shares of Ichor by 33.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 265,246 shares of the technology company’s stock valued at $10,244,000 after acquiring an additional 65,862 shares during the last quarter. Swedbank AB acquired a new stake in shares of Ichor during the 1st quarter valued at $67,106,000. Finally, Westfield Capital Management Co. LP grew its position in Ichor by 162.9% during the 1st quarter. Westfield Capital Management Co. LP now owns 335,867 shares of the technology company’s stock worth $12,971,000 after acquiring an additional 208,117 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

About Ichor

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.