Ichor (NASDAQ:ICHR) issued its quarterly earnings data on Tuesday. The technology company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.08, Briefing.com reports. The firm had revenue of $154.46 million for the quarter, compared to analysts’ expectations of $149.96 million. Ichor had a net margin of 1.09% and a return on equity of 9.48%. The firm’s revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS. Ichor updated its Q4 guidance to $0.43-0.51 EPS.
NASDAQ:ICHR traded down $0.59 on Friday, reaching $30.98. The stock had a trading volume of 33,494 shares, compared to its average volume of 378,281. The company has a market cap of $705.68 million, a price-to-earnings ratio of 11.11 and a beta of 2.82. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.29 and a quick ratio of 2.29. The firm’s fifty day moving average is $26.41 and its two-hundred day moving average is $24.02. Ichor has a 12-month low of $14.23 and a 12-month high of $32.55.
A number of brokerages recently commented on ICHR. B. Riley increased their price objective on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank set a $32.00 target price on shares of Ichor and gave the company a “buy” rating in a report on Friday, November 1st. DA Davidson upgraded shares of Ichor from a “neutral” rating to a “buy” rating and upped their target price for the company from $25.00 to $34.00 in a report on Thursday, October 24th. Stifel Nicolaus set a $31.00 target price on shares of Ichor and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Cowen upped their target price on shares of Ichor from $26.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ichor currently has an average rating of “Buy” and an average target price of $32.86.
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery 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 electroplating and cleaning.
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