Algert Global LLC Invests $1.35 Million in Ichor Holdings, Ltd. $ICHR

Key Points

• Algert Global LLC acquired 59,669 shares of Ichor Holdings, Ltd. in Q1, increasing its ownership to approximately 0.17% of the company.
• Analysts have mixed ratings on Ichor, with price targets ranging from $18.00 to $35.00 and an average price target of $23.80.
• Ichor's stock price increased by 6.9%, with the company reporting quarterly earnings of $0.03 per share, missing expectations and a revenue of $240.29 million.

Algert Global LLC bought a new stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 59,669 shares of the technology company's stock, valued at approximately $1,349,000. Algert Global LLC owned 0.17% of Ichor as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quarry LP boosted its position in shares of Ichor by 54.9% in the fourth quarter. Quarry LP now owns 2,426 shares of the technology company's stock worth $78,000 after buying an additional 860 shares during the period. Tower Research Capital LLC TRC boosted its position in Ichor by 52.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock worth $147,000 after acquiring an additional 1,578 shares during the period. Headlands Technologies LLC boosted its position in Ichor by 570.9% during the 1st quarter. Headlands Technologies LLC now owns 8,044 shares of the technology company's stock worth $182,000 after acquiring an additional 6,845 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ichor by 35.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,340 shares of the technology company's stock valued at $211,000 after acquiring an additional 2,439 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Ichor by 5.9% in the 1st quarter. Cerity Partners LLC now owns 9,521 shares of the technology company's stock valued at $215,000 after purchasing an additional 533 shares during the period. Hedge funds and other institutional investors own 94.81% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on ICHR shares. 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 lowered shares of Ichor from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a research note on Tuesday, August 5th. Needham & Company LLC restated a "hold" rating on shares of Ichor in a report on Tuesday, May 6th. DA Davidson cut their price objective on Ichor from $45.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Finally, TD Cowen reduced their price objective on Ichor from $28.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.80.

Ichor Stock Performance

ICHR traded down $0.01 on Thursday, hitting $17.38. The company had a trading volume of 173,465 shares, compared to its average volume of 504,205. The stock has a market cap of $596.60 million, a price-to-earnings ratio of -28.36 and a beta of 1.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.22 and a quick ratio of 1.32. The company's fifty day moving average price is $19.86 and its 200 day moving average price is $21.45. Ichor Holdings, Ltd. has a 1-year low of $13.12 and a 1-year high of $36.48.

Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The technology company reported $0.03 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $240.29 million during the quarter, compared to the consensus estimate of $234.51 million. During the same period in the prior year, the business earned $0.05 EPS. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. Equities analysts predict that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Ichor

In other Ichor news, Director Marc Haugen acquired 3,000 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $53,250.00. Following the completion of the purchase, the director owned 42,960 shares of the company's stock, valued at approximately $762,540. This trade represents a 7.51% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Iain Mackenzie acquired 25,000 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average cost of $16.63 per share, with a total value of $415,750.00. Following the transaction, the director directly owned 60,011 shares in the company, valued at $997,982.93. The trade was a 71.41% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company's stock.

Ichor Profile

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.