Russell Investments Group Ltd. raised its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR – Free Report) by 6,688.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,821 shares of the technology company’s stock after acquiring an additional 19,529 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Ichor worth $448,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Public Sector Pension Investment Board grew its holdings in shares of Ichor by 27.2% in the first quarter. Public Sector Pension Investment Board now owns 107,353 shares of the technology company’s stock valued at $2,427,000 after purchasing an additional 22,988 shares in the last quarter. Nuveen LLC acquired a new position in shares of Ichor in the first quarter valued at approximately $13,726,000. Invesco Ltd. grew its holdings in shares of Ichor by 6.1% in the first quarter. Invesco Ltd. now owns 1,168,756 shares of the technology company’s stock valued at $26,426,000 after purchasing an additional 66,942 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of Ichor by 570.9% in the first quarter. Headlands Technologies LLC now owns 8,044 shares of the technology company’s stock valued at $182,000 after purchasing an additional 6,845 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Ichor by 3.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 520,274 shares of the technology company’s stock valued at $11,763,000 after purchasing an additional 17,981 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.
Analyst Ratings Changes
ICHR has been the subject of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Ichor in a report on Tuesday, May 6th. Oppenheimer set a $21.00 price target on shares of Ichor and gave the stock a “market perform” rating in a report on Tuesday, August 5th. Stifel Nicolaus set a $23.00 price target on shares of Ichor and gave the stock a “buy” rating in a report on Tuesday, August 5th. B. Riley cut shares of Ichor from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a report on Tuesday, August 5th. Finally, Wall Street Zen cut shares of Ichor from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Ichor currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.80.
Ichor Trading Down 4.2%
Shares of Ichor stock opened at $16.85 on Monday. The company has a fifty day simple moving average of $19.86 and a 200-day simple moving average of $21.07. Ichor Holdings, Ltd. has a 12-month low of $13.12 and a 12-month high of $36.48. The company has a current ratio of 3.22, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17. The stock has a market cap of $578.46 million, a price-to-earnings ratio of -27.62 and a beta of 1.90.
Ichor (NASDAQ:ICHR – Get Free Report) last issued its earnings results on Monday, August 4th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.11). Ichor had a negative net margin of 2.23% and a negative return on equity of 0.77%. The company had revenue of $240.29 million during the quarter, compared to analyst estimates of $234.51 million. During the same quarter in the previous year, the company posted $0.05 EPS. The company’s quarterly revenue was up 18.2% on a year-over-year basis. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. On average, equities analysts forecast that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.
Insiders Place Their Bets
In other Ichor news, Director Iain Mackenzie purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average price of $16.63 per share, for a total transaction of $415,750.00. Following the purchase, the director directly owned 60,011 shares in the company, valued at approximately $997,982.93. This trade represents a 71.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marc Haugen purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average price of $17.75 per share, with a total value of $53,250.00. Following the purchase, the director owned 42,960 shares in the company, valued at $762,540. This trade represents a 7.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.
About Ichor
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.
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