$ICHR just made new 52-week highs after guiding higher.
Ichor (NASDAQ:ICHR) announced Q4 revenue of $189M (+22% Q/Q) versus the $184.9M consensus.
The company expects positive cash flow from operations, with $61M in cash at the end of the year and $181M in total debt.
For Q1, Ichor sees total sales of $210-230M, above the $181.9M consensus.
Ichor will report earnings on February 5.
B. Riley (Buy) raises its Ichor (NASDAQ:ICHR) target from $40 to $45 after yesterday's preliminary Q4 results.
The firm was "pleasantly surprised with the revision and F1Q20’s upside magnitude" and sees the potential for strong "margin leverage and powerful EPS follow-through."
DA Davidson (Buy) lifts Ichor from $38 to $40, noting that the "monster" outlook implies that Q1 "will be the third largest revenue quarter in the company’s history."
Lam Research (LRCX +0.6%) and Applied Materials (AMAT +0.9%) are up after the outlook since the companies account for 56% and 32% of Ichor's revenue, respectively, according to Bloomberg data.
As always, use protective stops and trade with caution.
Good luck to all!
Ichor (NASDAQ:ICHR) announced Q4 revenue of $189M (+22% Q/Q) versus the $184.9M consensus.
The company expects positive cash flow from operations, with $61M in cash at the end of the year and $181M in total debt.
For Q1, Ichor sees total sales of $210-230M, above the $181.9M consensus.
Ichor will report earnings on February 5.
B. Riley (Buy) raises its Ichor (NASDAQ:ICHR) target from $40 to $45 after yesterday's preliminary Q4 results.
The firm was "pleasantly surprised with the revision and F1Q20’s upside magnitude" and sees the potential for strong "margin leverage and powerful EPS follow-through."
DA Davidson (Buy) lifts Ichor from $38 to $40, noting that the "monster" outlook implies that Q1 "will be the third largest revenue quarter in the company’s history."
Lam Research (LRCX +0.6%) and Applied Materials (AMAT +0.9%) are up after the outlook since the companies account for 56% and 32% of Ichor's revenue, respectively, according to Bloomberg data.
As always, use protective stops and trade with caution.
Good luck to all!
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/