Equities research analysts expect Ichor Holdings Ltd (NASDAQ:ICHR) to report sales of $137.80 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Ichor’s earnings, with the highest sales estimate coming in at $138.00 million and the lowest estimate coming in at $137.40 million. Ichor reported sales of $248.97 million during the same quarter last year, which would suggest a negative year over year growth rate of 44.7%. The business is expected to issue its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that Ichor will report full-year sales of $615.46 million for the current fiscal year, with estimates ranging from $600.00 million to $650.22 million. For the next fiscal year, analysts anticipate that the firm will report sales of $773.84 million, with estimates ranging from $735.00 million to $800.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Ichor.

Ichor (NASDAQ:ICHR) last announced its earnings results on Tuesday, May 7th. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). Ichor had a return on equity of 22.62% and a net margin of 6.07%. The business had revenue of $137.80 million for the quarter, compared to analysts’ expectations of $135.39 million. During the same quarter last year, the business posted $1.03 earnings per share. The business’s revenue was down 46.6% on a year-over-year basis.

Several brokerages recently weighed in on ICHR. Cowen reaffirmed an “outperform” rating and set a $26.00 price target (up from $24.00) on shares of Ichor in a report on Wednesday, May 8th. Northland Securities downgraded Ichor from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $22.00 to $25.00 in a report on Wednesday, May 8th. BidaskClub raised Ichor from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Zacks Investment Research raised Ichor from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, ValuEngine raised Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $27.43.

Shares of NASDAQ ICHR opened at $22.56 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.27 and a quick ratio of 1.01. Ichor has a 1-year low of $14.23 and a 1-year high of $27.32. The firm has a market cap of $499.51 million, a P/E ratio of 8.09 and a beta of 2.84.

In other Ichor news, COO Kevin M. Canty sold 1,750 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $21.89, for a total value of $38,307.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc lifted its holdings in Ichor by 33.5% in the third quarter. Vanguard Group Inc now owns 1,552,282 shares of the technology company’s stock valued at $31,698,000 after acquiring an additional 389,343 shares during the period. Vanguard Group Inc. lifted its holdings in Ichor by 33.5% in the third quarter. Vanguard Group Inc. now owns 1,552,282 shares of the technology company’s stock valued at $31,698,000 after acquiring an additional 389,343 shares during the period. Impax Asset Management Group plc lifted its holdings in Ichor by 5.2% in the fourth quarter. Impax Asset Management Group plc now owns 801,837 shares of the technology company’s stock valued at $13,070,000 after acquiring an additional 39,948 shares during the period. Kennedy Capital Management Inc. lifted its holdings in Ichor by 4.6% in the first quarter. Kennedy Capital Management Inc. now owns 755,316 shares of the technology company’s stock valued at $17,055,000 after acquiring an additional 33,298 shares during the period. Finally, Royce & Associates LP lifted its holdings in Ichor by 21.1% in the first quarter. Royce & Associates LP now owns 646,924 shares of the technology company’s stock valued at $14,608,000 after acquiring an additional 112,532 shares during the period. 97.87% of the stock is owned by institutional investors.

About Ichor

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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