Wellington Management Group LLP raised its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR – Free Report) by 54.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,108,844 shares of the technology company’s stock after buying an additional 390,017 shares during the period. Wellington Management Group LLP owned about 2.96% of Ichor worth $124,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in ICHR. Steward Partners Investment Advisory LLC bought a new position in Ichor during the 4th quarter worth about $26,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Ichor in the 2nd quarter valued at about $27,000. Hantz Financial Services Inc. lifted its position in Ichor by 64.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after acquiring an additional 590 shares during the last quarter. Versant Capital Management Inc boosted its stake in Ichor by 100.0% in the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock valued at $28,000 after acquiring an additional 126 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in Ichor in the third quarter valued at approximately $28,000. Institutional investors own 94.81% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on ICHR. B. Riley Financial reduced their price target on Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. DA Davidson set a $85.00 price objective on Ichor in a research report on Wednesday, August 5th. Zacks Research upgraded Ichor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a research note on Wednesday, June 24th. Finally, Oppenheimer raised their price target on Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ichor currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.
Insider Buying and Selling at Ichor
In other news, COO Bruce Ragsdale sold 10,587 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $51.93, for a total value of $549,782.91. Following the sale, the chief operating officer owned 92,324 shares in the company, valued at $4,794,385.32. This represents a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Ryan Sr. Barros sold 13,705 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $70.19, for a total transaction of $961,953.95. Following the transaction, the chief executive officer directly owned 165,078 shares of the company’s stock, valued at approximately $11,586,824.82. This trade represents a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 42,359 shares of company stock valued at $2,701,885. 1.70% of the stock is owned by corporate insiders.
Ichor Stock Performance
Shares of ICHR opened at $51.76 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 3.70. The stock has a 50-day moving average of $78.69 and a two-hundred day moving average of $67.46. The stock has a market cap of $1.94 billion, a P/E ratio of -44.24 and a beta of 1.82. Ichor Holdings, Ltd. has a one year low of $14.06 and a one year high of $113.58.
Ichor (NASDAQ:ICHR – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%.The business had revenue of $294.78 million for the quarter, compared to analyst estimates of $300.17 million. During the same period in the prior year, the company earned $0.03 earnings per share. The company’s revenue was up 22.7% on a year-over-year basis. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, research analysts predict that Ichor Holdings, Ltd. will post 1.13 EPS for the current year.
Ichor Company Profile
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.
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