Ichor (NASDAQ:ICHR) updated its FY 2018 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.32-0.40 for the period, compared to the Thomson Reuters consensus estimate of $0.68. The company issued revenue guidance of $140-150 million, compared to the consensus revenue estimate of $193.34 million.Ichor also updated its Q4 guidance to $0.32-0.40 EPS.
Shares of NASDAQ:ICHR traded down $3.26 on Wednesday, reaching $16.02. The company’s stock had a trading volume of 1,371,781 shares, compared to its average volume of 641,072. Ichor has a 52-week low of $15.21 and a 52-week high of $34.78. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.00 and a current ratio of 2.10. The stock has a market capitalization of $472.80 million, a price-to-earnings ratio of 6.65 and a beta of 3.82.
Ichor (NASDAQ:ICHR) last announced its earnings results on Tuesday, November 6th. The technology company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Ichor had a net margin of 8.60% and a return on equity of 38.00%. The business had revenue of $175.20 million during the quarter, compared to analysts’ expectations of $179.84 million. During the same period in the prior year, the company earned $0.62 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts forecast that Ichor will post 2.99 EPS for the current fiscal year.
In other news, CFO Jeff Andreson purchased 5,200 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was purchased at an average cost of $24.22 per share, with a total value of $125,944.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $242,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.20% of the company’s stock.
A hedge fund recently raised its stake in Ichor stock. Bank of New York Mellon Corp boosted its stake in shares of Ichor Holdings Ltd (NASDAQ:ICHR) by 15.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,388 shares of the technology company’s stock after buying an additional 12,175 shares during the quarter. Bank of New York Mellon Corp owned 0.37% of Ichor worth $1,918,000 as of its most recent filing with the Securities and Exchange Commission. 84.96% of the stock is currently owned by institutional investors.
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.
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