Is it time for a reality check: Ichor Holdings (ICHR)?

The Ichor Holdings Ltd (NASDAQ: ICHR) has released its fourth-quarter and full-year 2020 ‎reports. Sales at the company have increased at a double-digit rate and profits despite the ‎shutdown of many plants due to COVID-19. According to GAAP, Ichor’s GAAP net income ‎came in at $0.51, and the fourth quarter of revenue rose 29% from last year.‎

The company’s revenue rose 47 % to $ 914 million during the year. The GAAP margin was ‎‎13.7%. Operating cash flow amounted to 38 million dollars. The company reported a profit ‎of $1.42 per diluted share. Ichor expects its fourth-quarter revenue to be between $ 245 ‎million and $ 265 million and earn between $0.46 and $0.58 per share. ‎

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A semiconductor manufacturer Ichor Holdings (ICHR)produces semiconductor ‎manufacturing equipment. The Ichor Group manufactures and designs gas and liquid control ‎systems for high-volume semiconductor manufacturing. There are high entry barriers for ‎these systems because of their precision and the need for special materials, so Ichor does ‎not face an intense competition level.‎

Ichor Holdings (ICHR)experienced growth in all market segments last year, especially the ‎silicon wafer machinery market – the basis for chips. While the outbreaks of coronavirus ‎spread, the business improved its profitability, and in 2021, Ichor’s management plans for a ‎positive change in cash flow.‎

Looking at the overall sentiment toward this stock, we see that the community has adopted ‎a bullish outlook. This view is also shared by analysts offering their forecasts for the stock ‎over the next 12 months. According to 7 analysts, Ichor Holdings Ltd. (ICHR)’s consensus ‎price target is $44.43, substantially above its current trading value. ‎

According to analysts, the stock is expected to hit, high of $57.00 per share during the next ‎‎12 months. A downturn is likely to result in a low of $45.00. We found that the stock will ‎move 16.42% away from the median price to reach the estimated average price when ‎calculating the distance from the median price. An increase towards the 12-month high will ‎bring the stock up 29.61%, while a decline to the 12-month low will result in the stock losing ‎‎10.84 percent of its current value.‎

Ichor Holdings Ltd. (NASDAQ: ICHR) shares were up 33.09% YTD and were down -0.15% in ‎the latest trading session. Nevertheless, the stock’s trailing 12-month performance remains ‎nearly 12.16 percent higher. Comparatively, the stock has gained 67.38% in the trailing ‎three months. If we look at the short duration, its performance over the months is up ‎‎25.77% and 14.33%.‎

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