44,309 Shares in Ichor Holdings, Ltd. $ICHR Purchased by Arlington Capital Management INC

Key Points

• Arlington Capital Management opened a new Ichor position, buying 44,309 shares worth about $2.74 million. The stake represents roughly 1.6% of the firm’s portfolio and 0.12% of Ichor.
• Ichor reported quarterly EPS of $0.63, beating the $0.45 consensus, while revenue rose 37.4% year over year to $328.7 million—slightly below analyst expectations. Supply constraints remain a concern, and the company’s revenue outlook midpoint was below consensus.
• Insiders sold 46,740 shares worth about $2.6 million over the past 90 days, under pre-arranged trading plans. Analysts’ average rating was “Moderate Buy,” with an average price target of $70.89.

Arlington Capital Management INC bought a new position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 44,309 shares of the technology company's stock, valued at approximately $2,741,000. Ichor accounts for approximately 1.6% of Arlington Capital Management INC's holdings, making the stock its 21st largest holding. Arlington Capital Management INC owned about 0.12% of Ichor at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in Ichor by 100.0% during the 2nd quarter. Versant Capital Management Inc now owns 252 shares of the technology company's stock worth $28,000 after acquiring an additional 126 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Ichor in the 2nd quarter valued at approximately $45,000. Allworth Financial LP raised its stake in shares of Ichor by 125.1% during the second quarter. Allworth Financial LP now owns 421 shares of the technology company's stock valued at $47,000 after acquiring an additional 234 shares during the last quarter. Signaturefd LLC raised its stake in shares of Ichor by 127.7% during the third quarter. Signaturefd LLC now owns 542 shares of the technology company's stock valued at $34,000 after acquiring an additional 304 shares during the last quarter. Finally, KBC Group NV bought a new position in shares of Ichor during the first quarter valued at $44,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ichor news, COO Bruce Ragsdale sold 10,587 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $51.93, for a total value of $549,782.91. Following the transaction, the chief operating officer directly owned 92,324 shares of the company's stock, valued at approximately $4,794,385.32. The trade was a 10.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Greg Swyt sold 2,068 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $58.02, for a total transaction of $119,985.36. Following the transaction, the chief financial officer owned 47,832 shares in the company, valued at $2,775,212.64. The trade was a 4.14% 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. Insiders sold 46,740 shares of company stock valued at $2,602,960 over the last 90 days. 1.70% of the stock is owned by company insiders.

Ichor Stock Down 0.8%

Shares of NASDAQ ICHR opened at $36.53 on Wednesday. The company's 50 day moving average price is $52.20 and its 200-day moving average price is $60.57. 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. The company has a market capitalization of $1.37 billion, a P/E ratio of 51.17 and a beta of 1.88.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The technology company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.18. The company had revenue of $328.70 million during the quarter, compared to analysts' expectations of $330.15 million. Ichor had a net margin of 0.32% and a return on equity of 3.73%. Ichor's revenue for the quarter was up 37.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 earnings per share. Equities analysts forecast that Ichor Holdings, Ltd. will post 1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ICHR. Needham & Company LLC cut their price target on shares of Ichor from $88.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday. TD Cowen lowered their target price on Ichor from $100.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday. DA Davidson raised Ichor to a "strong-buy" rating in a report on Monday, October 5th. Wall Street Zen raised Ichor from a "hold" rating to a "buy" rating in a report on Saturday, October 17th. Finally, UBS Group set a $82.00 price target on Ichor in a research report on Thursday, October 8th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat, Ichor currently has an average rating of "Moderate Buy" and an average price target of $70.89.

Key Stories Impacting Ichor

Here are the key news stories impacting Ichor this week:

• Positive Sentiment: Third-quarter adjusted EPS was $0.63, topping the $0.45 consensus and rising from $0.07 a year earlier. Revenue increased 37% year over year to $328.7 million, while gross margin reached 16%, supported by proprietary component sales and efficiency gains. Ichor third-quarter results
• Positive Sentiment: Fourth-quarter EPS guidance of $0.65–$0.75 is above the $0.60 consensus, signaling the company expects earnings to continue improving. Ichor third-quarter results
• Neutral Sentiment: Management said supply shortages remain a constraint. Fourth-quarter revenue guidance of $345 million–$365 million also has a $355 million midpoint, below the $364.4 million analyst estimate, despite the higher EPS outlook. Earnings call highlights
• Negative Sentiment: Quarterly revenue of $328.7 million came in just below expectations. B. Riley cut its price target from $85 to $70, and TD Cowen reduced its target from $100 to $55; both firms maintained Buy ratings. The target cuts may signal more cautious expectations following the results. Analyst price target changes

Ichor Profile

Ichor Holdings, Ltd. NASDAQ: ICHR is a supplier to the semiconductor equipment industry. The company designs, engineers and manufactures critical fluid-delivery subsystems used in semiconductor fabrication equipment, including systems that deliver and control gases and chemicals during the wafer-manufacturing process.

Ichor's products and services include gas and chemical delivery systems, precision-machined components, weldments, fluid-management assemblies and related engineering and manufacturing services.

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