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ICHR

Ichor Holdings

$25.05

-0.68 (-2.64%)

16:37
05/07/19
05/07
16:37
05/07/19
16:37

Ichor Holdings reports Q1 adjusted EPS 25c, consensus 26c

Reports Q1 revenue $137.8M, consensus $135.41M. Reports Q1 gross margin 14.9% vs. 18.3% last year. CEO Tom Rohrs says: "Our first quarter results were aligned with our forecast, and performed favorably compared to industry declines in wafer fab equipment spending. We continued to demonstrate the resiliency of our variable operating model, reporting continued strong profits during the current spending environment of significantly curtailed investments in the memory segment. Our modest sequential revenue decline of just 2.5% from the fourth quarter indicates that the majority of inventory corrections are behind us and that our market share gains began to contribute to our revenues early in 2019. With similar revenue levels expected in the second quarter, we continue to expect revenues to be stronger in the second half of the year, given our key customer positions supporting leading-edge technology investments as well as the incremental contribution of our market share gains increasing as we progress through the year. Ichor is well-positioned to continue delivering strong profits during this challenging business environment, while executing on our strategy to expand our market share within our served markets."

  • 07

    May

  • 14

    May

ICHR Ichor Holdings
$25.05

-0.68 (-2.64%)

03/07/19
DADA
03/07/19
INITIATION
Target $30
DADA
Buy
Ichor Holdings initiated with a Buy at DA Davidson
DA Davidson analyst Thomas Diffely started Ichor Holdings with a Buy rating and $30 price target. Based on the view that the March quarter will be the trough quarter and 2020 will be a "nice recovery year" for semiconductor capital spending, downside risk to the semiconductor capital equipment names is now "fairly modest," Diffely tells investors in a research note. He has a bullish multi-year outlook on Ichor citing projected industry strength and "meaningful company specific drivers."
03/08/19
03/08/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tilray (TLRY) initiated with an Underperform at Jefferies. 2. BB&T (BBT) initiated with a Buy at Odeon Capital. 3. Syros Pharmaceuticals (SYRS) initiated with an Outperform at JMP Securities. 4. W&T Offshore (WTI) initiated with a Buy at Stifel. 5. Ichor Holdings (ICHR) initiated with a Buy at DA Davidson. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/21/19
COWN
03/21/19
NO CHANGE
Target $46
COWN
Outperform
Micron controller development unfavorable for Silicon Motion, says Cowen
Cowen analyst Karl Ackerman said Micron's (MU) guidance for the May quarter implies it is still annualizing more money in this downturn than it achieved in the prior peak cycle and that its "materially improved" NAND tech roadmap and expanding growth vectors in DRAM suggest that its free cash flow story is sustainable and underappreciated. However, he said he views Micron's capex read-through as negative for Ichor Holdings (ICHR) and Ultra Clean (UCTT) and he sees the company's controller development as unfavorable for Silicon Motion (SIMO). Ackerman raised his price target on Micron to $46 from $40 and keeps an Outperform rating on the shares.
03/28/19
RBCM
03/28/19
INITIATION
Target $29
RBCM
Outperform
Ichor Holdings assumed with an Outperform at RBC Capital
RBC analyst Mitch Steves assumed coverage of Ichor Holdings with an Outperform rating and a price target of $29, saying he anticipates revenue growth in 2020 with the challenging 2019 for the "semi-cap space" being priced in. The analyst sees the company generating mid-high single digit WFE growth following a "notable reduction" this year and market share gains across both gas and chemical delivery markets. Steves adds that Ichor Holdings trades at an attractive valuation of below 13-times his expected forward-twelve-month earnings vs. 18-times earnings average for its peer group.

TODAY'S FREE FLY STORIES

OBLN

Obalon Therapeutics

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GVA

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NVCN

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SPX

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POOL

Pool Corp.

$183.36

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RTN

Raytheon

$180.57

-2.05 (-1.12%)

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ESV

Ensco Rowan

$10.01

-0.365 (-3.52%)

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AMGN

Amgen

$171.29

1.67 (0.98%)

, GILD

Gilead

$66.51

-0.01 (-0.02%)

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Upgrade
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ALXN

Alexion

$127.47

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VRTX

Vertex

$172.37

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BMRN

BioMarin

$87.80

0.33 (0.38%)

BIIB

Biogen

$234.98

2.04 (0.88%)

REGN

Regeneron

$320.00

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BBX

BBX Capital

$4.95

-0.06 (-1.20%)

, BXG

Bluegreen Vacations

$14.91

-0.2 (-1.32%)

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BBX

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$4.95

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BXG

Bluegreen Vacations

$14.91

-0.2 (-1.32%)

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  • 18

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RTN

Raytheon

$180.57

-2.05 (-1.12%)

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WEX

Wex

$203.30

-1.56 (-0.76%)

17:20
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Wex CEO sells 5K shares of common stock »

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  • 28

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RTLR

Rattler Midstream

$0.00

(0.00%)

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Syndicate
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  • 23

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GILD

Gilead

$66.51

-0.01 (-0.02%)

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  • 31

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SERV

ServiceMaster

$54.18

-0.1 (-0.18%)

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AMGN

Amgen

$171.29

1.67 (0.98%)

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SBLK

Star Bulk Carriers

$8.13

-0.13 (-1.57%)

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Earnings
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  • 23

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IBM

IBM

$136.34

-0.12 (-0.09%)

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  • 22

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AVP

Avon Products

$3.49

0.295 (9.23%)

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HSBC

HSBC

$41.72

0.02 (0.05%)

17:05
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  • 03

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AVP

Avon Products

$3.49

0.295 (9.23%)

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SITE

SiteOne Landscape

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RJF

Raymond James

$85.16

-0.64 (-0.75%)

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NTAP

NetApp

$67.08

-2.93 (-4.19%)

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YNDX

Yandex

$37.67

0.255 (0.68%)

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PRTA

Prothena

$9.21

-0.31 (-3.26%)

16:39
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Syndicate
Breaking Syndicate news story on Prothena »

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