U.S. Stock Market Rebounds on Monday, Led by Basic Materials
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy ICHR?
Following Friday's broad-based gains, U.S. equity markets continued their rebound on Monday, with Basic Materials leading the charge but Technology - a sector responsible for much of the volatility last week - also extending its gains. The Software Application group was still mixed, but Semiconductors and AI-related large-cap Software Infrastructure traded with greater conviction as Nvidiarose 2.5%, Microsoftrallied 3%, and Oracle- down 60% from September high as recently as last week - spiked 10%. In the opening hour of the evening session, futures are in consolidation mode - S&P e-minis and Nasdaq 100 are both trading flat.Strength in commodities continues to drive in bid in Basic Materials and Energy - the top two sectors year-to-date. In the evening session, WTI Crude Oil remains above $64 per barrel, with Gold and Silver at $5,060 and just shy of $82 per ounce respectively.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Ichorup 19.7&Credo Technologyup 14.6%AECOMup 3.2%Amkor Technologyup 2.5%ALSO HIGHER -RingCentralup 5.3% after entering S&P SmallCap 600DOWN AFTER EARNINGS -Upworkdown 24.2%Goodyear Tire & Rubberdown 11.0%Amentum Holdingsdown 10.8%ZoomInfodown 6.0%Principal Financial Groupdown 5.5%ON Semidown 5.0%Medpace Holdingsdown 4.8%Manitowoc Companydown 2.2%ALSO LOWER -REGENXBIOdown 17.1% after FDA issues CRL for BLA for RGX-121
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Analyst Views on ICHR
Wall Street analysts forecast ICHR stock price to fall
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 43.930
Low
21.00
Averages
24.80
High
30.00
Current: 43.930
Low
21.00
Averages
24.80
High
30.00
About ICHR
Ichor Holdings, Ltd. is engaged in the designing, engineering and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment. Its product includes gas and chemical delivery systems and subsystems, collectively known as fluid delivery systems and subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices. Its gas delivery subsystems deliver, monitor, and control precise quantities of the specialized gases used in semiconductor manufacturing processes, such as etch and deposition. Its chemical delivery systems and subsystems precisely blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes, such as chemical-mechanical planarization, electroplating and cleaning. It offers precision-machined components, weldments, electron beam and laser-welded components, precision vacuum and hydrogen brazing and surface treatment technologies and other proprietary products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ichor Holdings Surges After Strong Q4 Earnings Report
- Earnings Beat: Ichor Holdings reported adjusted earnings per share of $0.07 for Q4, significantly surpassing Wall Street's expectation of a $0.06 loss, indicating strong demand in the semiconductor sector and growth in commercial manufacturing.
- Sales Growth: The company achieved sales of $223.6 million in Q4, exceeding the average Wall Street target by $2.76 million, and despite a 4% year-over-year decline, management remains optimistic about sequential growth in each quarter this year.
- Margin Improvement: Although the adjusted gross margin fell from 12% to 11.7%, management noted that the company is still in the early stages of margin enhancement, with expectations for improved profitability through ongoing cost control and efficiency measures.
- Positive Outlook: Ichor anticipates sales between $240 million and $260 million for the current quarter, which at the midpoint would represent approximately 12% year-over-year growth, while gross margins are projected to rise to between 12% and 13%, reflecting the company's competitive positioning and growth potential.
See More
Ichor Reports Strong Q4 Earnings, Exceeds Expectations
- Earnings Beat: Ichor reported a non-GAAP EPS of $0.07 for Q4, significantly surpassing Wall Street's expectation of a $0.06 loss per share, reflecting strong performance in fluid delivery subsystems and boosting market confidence.
- Sales Growth Outlook: Despite a 4% year-over-year revenue decline in Q4, Ichor anticipates sequential sales growth in each quarter of 2023, with current quarter sales expected between $240 million and $260 million, implying a year-over-year growth of approximately 12% at the midpoint.
- Margin Improvement: The company projects gross margins to rise from 11.7% to between 12% and 13%, indicating that measures taken to enhance profitability are beginning to yield results, even amidst ongoing cost pressures.
- Positive Market Reaction: Following the earnings report, Ichor's stock surged by 32.7%, contrasting with declines of 0.4% and 0.6% in the S&P 500 and Nasdaq Composite, respectively, demonstrating investor optimism regarding the company's future prospects.
See More
Mixed Close for US Stocks as Retail Sales Stagnate
- Retail Sales Weakness: US December retail sales were unchanged month-over-month, falling short of the +0.4% expectation, indicating weakness in consumer spending that could lead to a downward revision in Q4 GDP, thereby impacting market confidence and economic growth outlook.
- Employment Cost Index Decline: The US Q4 employment cost index rose by +0.7% quarter-over-quarter, below the expected +0.8%, marking the smallest increase in 4.5 years, suggesting easing labor cost pressures that may influence the Fed's monetary policy decisions.
- Mixed Market Performance: The Dow Jones Industrial Average reached a new all-time high, closing up +0.10%, while the S&P 500 and Nasdaq 100 indices fell by -0.33% and -0.56%, respectively, reflecting divergent market sentiment and uncertainty.
- Focus on Upcoming Economic Data: The market will closely monitor upcoming economic data, including January nonfarm payrolls and unemployment rate, which are expected to significantly influence future monetary policy and market trends.
See More
US Retail Sales Weakness Impacts Markets
- Retail Sales Stagnation: US retail sales for December were unchanged month-over-month, falling short of the +0.4% expectation, indicating weakness in consumer spending that could lead to a downward revision in Q4 GDP, thereby impacting overall economic growth forecasts.
- Employment Cost Index Decline: The Q4 employment cost index rose by 0.7% quarter-over-quarter, below the expected 0.8%, marking the smallest increase in 4.5 years, suggesting easing labor cost pressures that may influence Federal Reserve monetary policy decisions.
- Positive Earnings Outlook: More than half of S&P 500 companies have reported earnings, with 79% exceeding expectations, and Q4 earnings growth is projected at 8.4%, reflecting strong corporate profitability that could support stock market performance.
- Market Focus on Economic Data: This week, the market will concentrate on upcoming economic data releases, including non-farm payrolls and CPI, which are expected to influence investor expectations regarding future interest rate policies and subsequently affect stock market volatility.
See More
Ichor Holdings Projects Strong Q1 2026 Revenue Outlook
- Revenue Outlook Exceeds Expectations: Ichor Holdings projects Q1 2026 revenue between $240 million and $260 million, surpassing analysts' expectations of $240.1 million, indicating strong upward momentum in customer demand entering the year.
- Surprise Profit Performance: The company reported an adjusted profit of $0.01 per share, contrasting with analysts' expectations of a $0.06 loss per share, which not only boosted market confidence but also led to a 35% surge in stock price on Tuesday.
- Analyst Price Target Increases: Needham raised its price target on Ichor from $36 to $48, while Oppenheimer increased its target from $32 to $36, both maintaining “Buy” or “Outperform” ratings, reflecting analysts' optimism about the company's future performance.
- Market Sentiment Extremely Bullish: Retail sentiment around Ichor on Stocktwits trended in the “extremely bullish” territory with very high message volume, and the stock has risen 40% over the past 12 months, indicating strong investor confidence in the company's outlook.
See More
Analysis of Significant Stock Movements Among Companies
- Amentum Holdings Decline: Amentum Holdings' stock fell approximately 12% after fiscal Q1 revenue and adjusted EBITDA missed Wall Street analysts' consensus estimates, indicating market concerns over its financial performance and potential future financing capabilities.
- BP Suspends Buyback: BP Plc suspended its stock buyback program to strengthen its balance sheet, resulting in a 6% drop in its ADRs in the U.S., reflecting the company's cautious approach amid market volatility.
- ZoomInfo Downgrade: ZoomInfo Technologies forecasted first-quarter earnings per share between 25 to 27 cents, below analysts' expectations of 27 cents, leading to a 10% decline in its stock price, which may affect market confidence and investor sentiment.
- Ichor Holdings Surge: Ichor Holdings' shares soared 37% to a 52-week high due to strong demand driving a fourth-quarter earnings beat, highlighting the recovery potential in the semiconductor equipment market.
See More
Ichor Holdings Surges After Strong Q4 Earnings Report
- Earnings Beat: Ichor Holdings reported adjusted earnings per share of $0.07 for Q4, significantly surpassing Wall Street's expectation of a $0.06 loss, indicating strong demand in the semiconductor sector and growth in commercial manufacturing.
- Sales Growth: The company achieved sales of $223.6 million in Q4, exceeding the average Wall Street target by $2.76 million, and despite a 4% year-over-year decline, management remains optimistic about sequential growth in each quarter this year.
- Margin Improvement: Although the adjusted gross margin fell from 12% to 11.7%, management noted that the company is still in the early stages of margin enhancement, with expectations for improved profitability through ongoing cost control and efficiency measures.
- Positive Outlook: Ichor anticipates sales between $240 million and $260 million for the current quarter, which at the midpoint would represent approximately 12% year-over-year growth, while gross margins are projected to rise to between 12% and 13%, reflecting the company's competitive positioning and growth potential.
See More
Ichor Reports Strong Q4 Earnings, Exceeds Expectations
- Earnings Beat: Ichor reported a non-GAAP EPS of $0.07 for Q4, significantly surpassing Wall Street's expectation of a $0.06 loss per share, reflecting strong performance in fluid delivery subsystems and boosting market confidence.
- Sales Growth Outlook: Despite a 4% year-over-year revenue decline in Q4, Ichor anticipates sequential sales growth in each quarter of 2023, with current quarter sales expected between $240 million and $260 million, implying a year-over-year growth of approximately 12% at the midpoint.
- Margin Improvement: The company projects gross margins to rise from 11.7% to between 12% and 13%, indicating that measures taken to enhance profitability are beginning to yield results, even amidst ongoing cost pressures.
- Positive Market Reaction: Following the earnings report, Ichor's stock surged by 32.7%, contrasting with declines of 0.4% and 0.6% in the S&P 500 and Nasdaq Composite, respectively, demonstrating investor optimism regarding the company's future prospects.
See More
Mixed Close for US Stocks as Retail Sales Stagnate
- Retail Sales Weakness: US December retail sales were unchanged month-over-month, falling short of the +0.4% expectation, indicating weakness in consumer spending that could lead to a downward revision in Q4 GDP, thereby impacting market confidence and economic growth outlook.
- Employment Cost Index Decline: The US Q4 employment cost index rose by +0.7% quarter-over-quarter, below the expected +0.8%, marking the smallest increase in 4.5 years, suggesting easing labor cost pressures that may influence the Fed's monetary policy decisions.
- Mixed Market Performance: The Dow Jones Industrial Average reached a new all-time high, closing up +0.10%, while the S&P 500 and Nasdaq 100 indices fell by -0.33% and -0.56%, respectively, reflecting divergent market sentiment and uncertainty.
- Focus on Upcoming Economic Data: The market will closely monitor upcoming economic data, including January nonfarm payrolls and unemployment rate, which are expected to significantly influence future monetary policy and market trends.
See More
US Retail Sales Weakness Impacts Markets
- Retail Sales Stagnation: US retail sales for December were unchanged month-over-month, falling short of the +0.4% expectation, indicating weakness in consumer spending that could lead to a downward revision in Q4 GDP, thereby impacting overall economic growth forecasts.
- Employment Cost Index Decline: The Q4 employment cost index rose by 0.7% quarter-over-quarter, below the expected 0.8%, marking the smallest increase in 4.5 years, suggesting easing labor cost pressures that may influence Federal Reserve monetary policy decisions.
- Positive Earnings Outlook: More than half of S&P 500 companies have reported earnings, with 79% exceeding expectations, and Q4 earnings growth is projected at 8.4%, reflecting strong corporate profitability that could support stock market performance.
- Market Focus on Economic Data: This week, the market will concentrate on upcoming economic data releases, including non-farm payrolls and CPI, which are expected to influence investor expectations regarding future interest rate policies and subsequently affect stock market volatility.
See More
Ichor Holdings Projects Strong Q1 2026 Revenue Outlook
- Revenue Outlook Exceeds Expectations: Ichor Holdings projects Q1 2026 revenue between $240 million and $260 million, surpassing analysts' expectations of $240.1 million, indicating strong upward momentum in customer demand entering the year.
- Surprise Profit Performance: The company reported an adjusted profit of $0.01 per share, contrasting with analysts' expectations of a $0.06 loss per share, which not only boosted market confidence but also led to a 35% surge in stock price on Tuesday.
- Analyst Price Target Increases: Needham raised its price target on Ichor from $36 to $48, while Oppenheimer increased its target from $32 to $36, both maintaining “Buy” or “Outperform” ratings, reflecting analysts' optimism about the company's future performance.
- Market Sentiment Extremely Bullish: Retail sentiment around Ichor on Stocktwits trended in the “extremely bullish” territory with very high message volume, and the stock has risen 40% over the past 12 months, indicating strong investor confidence in the company's outlook.
See More
Analysis of Significant Stock Movements Among Companies
- Amentum Holdings Decline: Amentum Holdings' stock fell approximately 12% after fiscal Q1 revenue and adjusted EBITDA missed Wall Street analysts' consensus estimates, indicating market concerns over its financial performance and potential future financing capabilities.
- BP Suspends Buyback: BP Plc suspended its stock buyback program to strengthen its balance sheet, resulting in a 6% drop in its ADRs in the U.S., reflecting the company's cautious approach amid market volatility.
- ZoomInfo Downgrade: ZoomInfo Technologies forecasted first-quarter earnings per share between 25 to 27 cents, below analysts' expectations of 27 cents, leading to a 10% decline in its stock price, which may affect market confidence and investor sentiment.
- Ichor Holdings Surge: Ichor Holdings' shares soared 37% to a 52-week high due to strong demand driving a fourth-quarter earnings beat, highlighting the recovery potential in the semiconductor equipment market.
See More
