Ichor Holdings Ltd (NASDAQ:ICHR) shares traded -0.16% lower at $37.02 on Wall Street last session.
ICHR stock price is now -3.15% away from the 50-day moving average and 7.68% away from the 200-day moving average. The market capitalization of the company currently stands at $1.24B.
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With the price target enhanced from $42 to $48, TD Cowen maintained Buy rating for Ichor Holdings Ltd (NASDAQ: ICHR). On April 19, 2024, B. Riley Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $40 to quote $48, while ‘Craig Hallum’ rates the stock as ‘Buy’
In other news, Andreson Jeff, Chief Executive Officer sold 21,400 shares of the company’s stock on May 24 ’24. The stock was sold for $829,036 at an average price of $38.74. Upon completion of the transaction, the Chief Executive Officer now directly owns 282,141 shares in the company, valued at $10.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16 ’24, Director ROHRS THOMAS M sold 50,000 shares of the business’s stock. A total of $2,268,500 was realized by selling the stock at an average price of $45.37. This leaves the insider owning 43,764 shares of the company worth $1.62 million. A total of 2.74% of the company’s stock is owned by insiders.
During the past 12 months, Ichor Holdings Ltd has had a low of $22.26 and a high of $46.43. As of last week, the company has a debt-to-equity ratio of 0.24, a current ratio of 4.16, and a quick ratio of 1.78. The fifty day moving average price for ICHR is $38.1964 and a two-hundred day moving average price translates $34.38195 for the stock.
The latest earnings results from Ichor Holdings Ltd (NASDAQ: ICHR) was released for 2024-03-29. According to the Semiconductor Equipment & Materials Company, earnings per share came in at 0.02, beating analysts’ expectations of 0 by 0.02. This compares to $0.00 EPS in the same period last year. The net profit margin was -6.61% and return on equity was -8.05% for ICHR. The company reported revenue of $201.38 million for the quarter, compared to $225.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.84 percent. For the current quarter, analysts expect ICHR to generate $197.57M in revenue.
Ichor Holdings Ltd(ICHR) Company Profile
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. The company’s gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning. In addition, it manufactures precision machined components, weldments, electron beam, laser-welded components, precision vacuum and hydrogen brazing, surface treatment technologies, and other proprietary products. The company primarily markets its products to equipment OEMs in the semiconductor equipment market in Japan. Ichor Holdings, Ltd. was incorporated in 1999 and is headquartered in Fremont, California.
