ICHR Stock Summary and Trading Ideas (Ichor Hldgs | NASDAQ:ICHR)

Ichor Holdings Ltd is engaged in the design, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment. The product offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices. The company also manufactures machined components, weldments, and proprietary products for use in fluid delivery systems. Geographically, the company operates in the United States, the United Kingdom, Singapore, Malaysia, Korea, and Mexico, of which a majority of the revenue is generated from Singapore.

Ichor Hldgs trades on the NASDAQ stock market under the symbol ICHR.

As of May 10, 2024, ICHR stock price climbed to $38.03 with 206,691 million shares trading.

ICHR has a beta of 2.13, meaning it tends to be more sensitive to market movements. ICHR has a correlation of 0.31 to the broad based SPY ETF.

ICHR has a market cap of $1.27 billion. This is considered a Small Cap stock.

Last quarter Ichor Hldgs reported $201 million in Revenue and -$.09 earnings per share. This beat revenue expectation by $1 million and missed earnings estimates by -$.09.

In the last 3 years, ICHR stock traded as high as $58.75 and as low as $21.04.

The top ETF exchange traded funds that ICHR belongs to (by Net Assets): IJR, VTI, VGT, IWM, PSI.

ICHR has outperformed the market in the last year with a return of +45.2%, while the SPY ETF gained +27.8%. However, in the most recent history, ICHR shares have underperformed the stock market with its stock returning -11.4% in the last 3 month period and -3.4% for the last 2 week period, while SPY has returned +4.2% and +2.5%, respectively.

ICHR support price is $36.76 and resistance is $39.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ICHR stock will trade within this expected range on the day.