Allianz Asset Management GmbH Makes New Investment in Ichor Holdings, Ltd. $ICHR

Key Points

• Allianz Asset Management initiated a 22,992-share position in Ichor Holdings worth approximately $2.58 million, while other institutional investors also increased holdings. Institutions collectively own 94.81% of the company.
• Analyst sentiment is generally positive: Ichor has a consensus “Moderate Buy” rating and an $87 target price, despite price-target reductions from some firms and one “Sell” rating.
• Ichor reported quarterly EPS of $0.34, exceeding the $0.31 estimate, while revenue rose 22.7% year over year to $294.78 million but came in below expectations. Shares opened at $58.17, well below the 52-week high of $113.58.

Allianz Asset Management GmbH bought a new position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,992 shares of the technology company's stock, valued at approximately $2,582,000. Allianz Asset Management GmbH owned 0.06% of Ichor at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Royal Bank of Canada raised its holdings in shares of Ichor by 27.7% during the first quarter. Royal Bank of Canada now owns 9,891 shares of the technology company's stock valued at $224,000 after acquiring an additional 2,146 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ichor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company's stock valued at $444,000 after purchasing an additional 865 shares during the period. Jane Street Group LLC raised its holdings in Ichor by 286.0% in the 1st quarter. Jane Street Group LLC now owns 53,277 shares of the technology company's stock worth $1,205,000 after purchasing an additional 39,476 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in Ichor by 75.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 24,100 shares of the technology company's stock worth $473,000 after purchasing an additional 10,400 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Ichor by 243.1% in the 2nd quarter. Federated Hermes Inc. now owns 107,629 shares of the technology company's stock worth $2,114,000 after purchasing an additional 76,257 shares during the period. 94.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Ichor

In other Ichor news, COO Bruce Ragsdale sold 10,587 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $51.93, for a total transaction of $549,782.91. Following the sale, the chief operating officer directly owned 92,324 shares of the company's stock, valued at $4,794,385.32. This trade represents a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was sold at an average price of $58.02, for a total transaction of $119,985.36. Following the completion of the transaction, the chief financial officer directly owned 47,832 shares in the company, valued at $2,775,212.64. This trade represents a 4.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,902 shares of company stock worth $1,404,273 over the last quarter. Company insiders own 1.70% of the company's stock.

Analysts Set New Price Targets

ICHR has been the topic of several research analyst reports. B. Riley Financial reduced their price target on shares of Ichor from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Stifel Nicolaus raised their price objective on shares of Ichor from $76.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Wall Street Zen raised Ichor from a "hold" rating to a "buy" rating in a research report on Saturday. Needham & Company LLC upped their target price on Ichor from $72.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Ichor in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.00.

Ichor Price Performance

Shares of NASDAQ ICHR opened at $58.17 on Wednesday. The company has a 50 day simple moving average of $74.29 and a two-hundred day simple moving average of $67.77. Ichor Holdings, Ltd. has a fifty-two week low of $14.06 and a fifty-two week high of $113.58. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -49.72 and a beta of 1.81. 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 (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%.The business had revenue of $294.78 million during the quarter, compared to analysts' expectations of $300.17 million. During the same quarter in the previous year, the business earned $0.03 earnings per share. The firm's quarterly revenue was up 22.7% compared to the same quarter last year. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Analysts expect that Ichor Holdings, Ltd. will post 1.13 EPS for the current fiscal year.

Ichor Profile

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.

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