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Ichor Holdings: Momentum Is Back [Seeking Alpha]
Last lam research corporation earnings: 4/22 04:05 pm
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US:NASDAQ Investor Relations: investor.lamresearch.com
Summary Ichor has seen a tough 2018 and 2019, yet momentum has reversed for the better. The company is demonstrating on impressive sequential growth again, fueling a big move higher in the shares. While valuation multiples are anything but steep, I am very happy to take significant profits after shares nearly doubled over the past 18 months. Ichor Holdings ( ICHR My last article dates back August of 2018. In this premium The Business, The Investment Story Ichor is a great and under-covered semiconductor play which went public by the end of 2016 at just $9 per share. A boom in the underlying business pushed shares up to levels in their $30s in 2017 as the cyclicality caused shares to drop to levels in the low twenties in the summer of 2018. The company supplies so-called subsystems, used in the manufacturing process of semiconductor chips. This is a specialized task, outsourced by many major manufacturers in an effort to focus on expertise and remain lean in a cyclical industry. The co
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