Bull Of The Day: Ichor Holdings (ICHR)
Ichor Holdings (ICHR) is a Zacks Rank #2 (Buy) and is the bull of the day. This article is written the day before it is published on the site and I thought I would lead off with a picture of how the stock is performing as I write this article.
There was clearly a big seller unwinding a position, and then an all at once "get me out" style trade with a large stick representing volume on the bottom of the chart on November 1. This pushed the stock down below $28, but this "get me out" style trade was present in several other semiconductor capital equipment stocks.
Description
Ichor Holdings, makes fluid delivery subsystems for semiconductor capital equipment in the United States, the United Kingdom, Singapore, and Malaysia. Ichor Holdings was founded in 1999 and is headquartered in Fremont, California.
Earnings History
The company has only reported 3 times, and in that short time span there has been a beat, a miss and a meet.
Estimate Revisions
If you like investing with the trend and are concerned with the fundamental then this is the stock for you. Here is a look at the recent changes to the Zacks Consensus Estimate:
The takeaway from this table is that estimates for this quarter, next quarter, this year and next year are all moving higher. When we have a sell off like we did yesterday, and have estimates moving higher, then the valuation is only getting better.
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