Renaissance Technologies LLC Sells 194,200 Shares of Ichor Holdings, Ltd. $ICHR

Renaissance Technologies LLC trimmed its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHRFree Report) by 92.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,800 shares of the technology company’s stock after selling 194,200 shares during the quarter. Renaissance Technologies LLC’s holdings in Ichor were worth $736,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Ichor by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 3,333,902 shares of the technology company’s stock valued at $61,444,000 after buying an additional 148,993 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Ichor by 141.2% during the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after buying an additional 1,770,425 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Ichor by 15.3% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,957,656 shares of the technology company’s stock worth $36,080,000 after buying an additional 259,417 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Ichor by 48.5% in the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after acquiring an additional 473,440 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Ichor by 0.9% in the 4th quarter. State Street Corp now owns 1,285,419 shares of the technology company’s stock valued at $23,690,000 after acquiring an additional 11,645 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 10th. Zacks Research downgraded Ichor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. B. Riley Financial dropped their target price on Ichor from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. TD Cowen cut their price target on Ichor from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a report on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ichor presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Check Out Our Latest Stock Analysis on ICHR

Ichor Price Performance

Shares of NASDAQ:ICHR opened at $71.05 on Friday. The firm has a market cap of $2.66 billion, a PE ratio of -60.73 and a beta of 1.82. The firm’s fifty day moving average is $85.21 and its 200-day moving average is $65.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 3.70. Ichor Holdings, Ltd. has a 52 week low of $14.06 and a 52 week high of $113.58.

Ichor (NASDAQ:ICHRGet Free Report) last issued its quarterly earnings data on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $294.78 million for the quarter, compared to analysts’ expectations of $300.17 million. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. Ichor’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Sell-side analysts predict that Ichor Holdings, Ltd. will post 1.13 earnings per share for the current year.

Insider Buying and Selling

In other Ichor news, Director Laura A. Black sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $75.02, for a total value of $1,500,400.00. Following the sale, the director owned 20,462 shares in the company, valued at approximately $1,535,059.24. The trade was a 49.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Philip Ryan Sr. Barros sold 13,705 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $70.19, for a total value of $961,953.95. Following the completion of the sale, the chief executive officer directly owned 165,078 shares of the company’s stock, valued at approximately $11,586,824.82. The trade was a 7.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 64,187 shares of company stock valued at $4,559,436 over the last 90 days. 1.70% of the stock is owned by corporate insiders.

Ichor Profile

(Free Report)

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.

Further Reading

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Institutional Ownership by Quarter for Ichor (NASDAQ:ICHR)

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