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Analysts at DA Davidson lower their earnings estimates for Ichor Holdings, Ltd. (NASDAQ:ICHR)

Analysts at DA Davidson lower their earnings estimates for Ichor Holdings, Ltd. (NASDAQ:ICHR)

International Cannabis Holdings Inc.’s stock is traded on the NASDAQ under the ticker symbol ICHR. Ichor Holdings equity research analysts from DA Davidson decreased their projections for Ichor’s earnings per share (EPS) for the fiscal year 2022 in a report that was made public on January 11, 2019. DA Davidson analyst H. Chung has estimated that this year’s earnings forecast for the I.T. company has decreased from $3.41 per share to $3.18 per share. This information was provided in the form of estimates. The current average estimate for Ichor’s earnings over the entire year is $3.41 per share. The previous estimate was $3.30 per share, an increase from that.

Ichor (NASDAQ: ICHR) disseminated its most recent earnings report to the general public on November 8, a Tuesday. The information technology company’s earnings per share for the quarter came in at $1.12, which was $0.23 higher than the consensus estimate of $0.89 among industry analysts. The return on equity for Ichor was 18.77%, and the net margin for the company came in at 5.81%. In addition, the revenue for the quarter came in significantly higher than the $339.98 million analysts had anticipated, coming in at $355.64 million instead.

When trading started on Thursday, the price of a share of ICHR was $28.74 per share. The ratio of debt to equity is 0.52, the ratio of quick ratio to current ratio is 2.61, and the ratio of debt to quick ratio to current ratio is 1.19. During the specified period, the price of Ichor dropped to a one-year low of $21.03 while hitting a one-year high of $48.89. The company has a P/E ratio of 11.36 and a beta value of 2.02, and its market capitalization is currently at $827.80 million. At the moment, the price of the company is trading $28.07 higher than its 50-day simple moving average and $28.06 higher than its 200-day simple moving average.

Various equity analysts have written research articles about ICHR, and these articles have been published. B. Riley assigned a “neutral” rating to the company in a research report published on Tuesday, October 4, and lowered their target price on Ichor from $33.00 to $32.00 in the same report. In addition, they decreased the price at which they anticipate selling Ichor from $33.00 to $32.00. Needham & Company LLC raised their price objective on Ichor from $27.00 to $30.00 and gave the company a “buy” rating in a research report published on Wednesday, November 9. On Wednesday, October 12, StockNews.com announced the launch of its coverage of Ichor by publishing a research note analyzing the company. This note marked the beginning of their coverage. They recommended that shareholders “hold” their shares of the company. Research analysts have assigned the company’s stock two ratings indicating a hold and two ratings indicating a buy published. B. Riley assigned a “neutral” rating to the company in a research report published on Tuesday, October 4, and lowered their target price on Ichor from $33.00 to $32.00 in the same report. In addition, they decreased the price at which they anticipate selling Ichor from $33.00 to $32.00. Needham & Company LLC raised their price objective on Ichor from $27.00 to $30.00 and gave the company a “buy” rating in a research report published on Wednesday, November 9. On Wednesday, October 12, StockNews.com announced the launch of its coverage of Ichor by publishing a research note analyzing the company. This note marked the beginning of their coverage. They recommended that shareholders “hold” their shares of the company. Research analysts have assigned the company’s stock two ratings indicating a hold and two ratings indicating a buy. The information provided by Bloomberg indicates that the stock is currently rated as having an average recommendation of “Moderate Buy,” It currently has a price objective of $34.00.

According to additional news regarding Ichor, on November 23, Director Marc Haugen sold 5,390 shares of the company’s stock. This information was reported in other Ichor-related news. The purchase of the shares was completed at an average price of $28.31 per share, resulting in a total transaction value of $152,590.90. As a result of the successful transaction completion, the director now possesses 29,742 shares of the company, which have a combined value of $841,996.02. Simply clicking on this link will take you to a document submitted to the SEC and provide you with additional details regarding the transaction. The current ownership of company insiders amounts to 2.80% of the total number of available shares.

In the most recent few months, several prominent investors have engaged in transactions involving buying and selling company shares. These transactions were carried out in both domestic and international markets. During the second quarter, FMR LLC increased the percentage of Ichor shares it owned by 16.8%. After completing the acquisitions that it had been working on throughout the most recent quarter, FMR LLC now owns 2,654,548 shares in the technology business. The current value of these shares comes to a total of $68,966,000. In addition, Vanguard Group Inc. increased its holdings in the Ichor Company by 5.1% during the third quarter of the fiscal year. After purchasing an additional 110,474 shares throughout the relevant period, Vanguard Group Inc. now has 2,264,156 shares of the technology company’s stock, which are currently valued at $54,816,000. This brings the total number of shares that Vanguard Group, Inc. Through the third quarter, AllianceBernstein L.P. achieved a 16.3% increase in the amount of Ichor stock that it owned. AllianceBernstein L.P. now owns a total of 1,227,410 shares of the technology company’s stock following the acquisition of an additional 172,077 shares during the most recent period. The value of these shares as of right now is $29,716,000 in total.

In the third quarter, Dimensional Fund Advisors L.P. made a 10.1% increase in the number of Ichor shares it owned, bringing its total percentage ownership to 100%. After making additional purchases totaling 110,307 shares throughout the relevant period, Dimensional Fund Advisors LP is now the owner of a total of 1,201,184 shares of the stock held by the technology company. At the moment, the worth of these shares is equal to $29,082,000. During the second quarter, State Street Corporation increased its holdings in Ichor by 5.0 percent. This brings us to our last point. State Street Corp. now owns 1,094,008 shares of the technology company’s stock, which have a value of $28,422,000 after making an additional purchase of 51,852 shares during the quarter. These shares have a value of $28,422,000. Institutional investors currently own 83.39 percent of the total number of shares issued by the company.

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