Triumph Capital Management Makes New Investment in Ichor Holdings, Ltd. $ICHR

Triumph Capital Management bought a new stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 20,587 shares of the technology company’s stock, valued at approximately $1,274,000. Triumph Capital Management owned about 0.05% of Ichor at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of Ichor by 54.3% in the 2nd quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock worth $124,501,000 after buying an additional 390,017 shares during the last quarter. 1492 Capital Management LLC acquired a new position in shares of Ichor in the 1st quarter valued at about $2,919,000. Hsbc Holdings PLC bought a new stake in shares of Ichor during the 4th quarter valued at about $1,101,000. Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Ichor during the 1st quarter valued at about $2,684,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Ichor during the second quarter worth about $5,165,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ICHR shares. Freedom Broker started coverage on shares of Ichor in a report on Friday, October 9th. They issued a “buy” rating and a $82.00 target price on the stock. B. Riley Financial lowered their target price on Ichor from $125.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a report on Monday, September 21st. DA Davidson upgraded Ichor to a “strong-buy” rating in a research report on Monday, October 5th. Finally, Stifel Nicolaus increased their target price on Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ichor has an average rating of “Moderate Buy” and an average target price of $85.89.

Get Our Latest Report on Ichor

Ichor Stock Performance

NASDAQ ICHR traded down $3.71 on Wednesday, hitting $47.86. The stock had a trading volume of 1,162,378 shares, compared to its average volume of 971,896. The company’s 50-day moving average is $59.32 and its two-hundred day moving average is $69.62. Ichor Holdings, Ltd. has a one year low of $14.06 and a one year high of $113.58. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -40.91 and a beta of 1.79. The company has a quick ratio of 2.07, a current ratio of 3.70 and a debt-to-equity ratio of 0.13.

Ichor (NASDAQ:ICHR – Get Free Report) last released its quarterly earnings results 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. The company had revenue of $294.78 million for the quarter, compared to analysts’ expectations of $300.17 million. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. On average, analysts expect that Ichor Holdings, Ltd. will post 1.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Greg Swyt sold 689 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $65.01, for a total value of $44,791.89. Following the completion of the transaction, the chief financial officer owned 47,143 shares of the company’s stock, valued at approximately $3,064,766.43. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Bruce Ragsdale sold 2,149 shares of the firm’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $65.47, for a total value of $140,695.03. Following the transaction, the chief operating officer directly owned 88,595 shares in the company, valued at $5,800,314.65. This trade represents a 2.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 46,740 shares of company stock valued at $2,602,960 in the last quarter. 1.70% of the stock is owned by insiders.

About Ichor

(Free Report)

Ichor Holdings, Ltd. (NASDAQ: ICHR) designs, engineers and manufactures critical fluid-delivery subsystems and components used in semiconductor manufacturing equipment. Its products help deliver, control and distribute gases and chemicals used in wafer fabrication processes.

The company’s offerings include gas and chemical delivery systems, precision-machined components, weldments, assemblies and other specialized components for semiconductor capital equipment. Ichor primarily serves original equipment manufacturers and other customers involved in the production of semiconductor devices.

Founded in 1999, Ichor is headquartered in Fremont, California, and operates manufacturing and engineering facilities across several regions, including North America, Europe and Asia.

See Also

Institutional Ownership by Quarter for Ichor (NASDAQ:ICHR)

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