Algert Global LLC Purchases Shares of 59,669 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 acquired a new position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 59,669 shares of the technology company's stock, valued at approximately $1,349,000. Algert Global LLC owned 0.17% of Ichor at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in Ichor by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,724,058 shares of the technology company's stock worth $55,547,000 after buying an additional 111,337 shares during the period. American Century Companies Inc. raised its stake in shares of Ichor by 10,313.1% in the 1st quarter. American Century Companies Inc. now owns 1,233,437 shares of the technology company's stock valued at $27,888,000 after purchasing an additional 1,221,592 shares during the period. Invesco Ltd. raised its stake in shares of Ichor by 6.1% in the 1st 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 during the period. Royce & Associates LP raised its stake in shares of Ichor by 7.9% in the 1st quarter. Royce & Associates LP now owns 932,925 shares of the technology company's stock valued at $21,093,000 after purchasing an additional 68,680 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in shares of Ichor by 18.7% in the 4th quarter. Nuveen Asset Management LLC now owns 777,289 shares of the technology company's stock valued at $25,044,000 after purchasing an additional 122,280 shares during the period. Institutional investors and hedge funds own 94.81% of the company's stock.

Ichor Stock Performance

Shares of ICHR stock traded down $0.36 during trading on Wednesday, reaching $17.34. 290,963 shares of the company's stock were exchanged, compared to its average volume of 504,954. The company has a quick ratio of 1.32, a current ratio of 3.22 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $595.25 million, a PE ratio of -28.47 and a beta of 1.75. Ichor Holdings, Ltd. has a twelve month low of $13.12 and a twelve month high of $36.48. The firm's fifty day moving average price is $19.87 and its 200-day moving average price is $21.48.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.11). Ichor had a negative return on equity of 0.77% and a negative net margin of 2.23%.The firm had revenue of $240.29 million for the quarter, compared to the consensus estimate of $234.51 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The company's revenue was up 18.2% on a year-over-year basis. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. As a group, sell-side analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insider Buying and Selling

In other news, Director Iain Mackenzie acquired 25,000 shares of the stock in a transaction on Thursday, August 7th. The stock was acquired at an average cost of $16.63 per share, for a total transaction of $415,750.00. Following the completion of the transaction, 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Marc Haugen purchased 3,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was acquired at an average price of $17.75 per share, for a total transaction of $53,250.00. Following the purchase, the director owned 42,960 shares in the company, valued at approximately $762,540. The trade was a 7.51% increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

ICHR has been the topic of several recent research reports. Stifel Nicolaus set a $23.00 price target on Ichor and gave the company a "buy" rating in a research note on Tuesday, August 5th. DA Davidson dropped their price target on Ichor from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Wall Street Zen lowered Ichor from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. B. Riley lowered Ichor from a "buy" rating to a "neutral" rating and set a $18.00 target price on the stock. in a report on Tuesday, August 5th. Finally, Oppenheimer set a $21.00 target price on Ichor and gave the stock a "market perform" rating in a report on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.80.

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.