Assenagon Asset Management S.A. Acquires New Shares in Ichor Holdings, Ltd. $ICHR

Key Points

• Assenagon Asset Management acquired 45,998 Ichor shares worth approximately $5.2 million, while institutional investors collectively own 94.81% of the company. Several other major funds also increased their positions.
• Ichor reported quarterly EPS of $0.34, beating estimates of $0.31, while revenue rose 22.7% year over year to $294.78 million but fell short of expectations. The company guided for third-quarter EPS of $0.40–$0.50.
• Analyst sentiment remains mixed but leans positive, with six Buy, two Hold and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $87.00. Meanwhile, Ichor’s CEO and CFO sold shares under pre-arranged Rule 10b5-1 plans.

Assenagon Asset Management S.A. acquired a new position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 45,998 shares of the technology company's stock, valued at approximately $5,165,000. Assenagon Asset Management S.A. owned approximately 0.13% of Ichor as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in ICHR. Vanguard Group Inc. increased its position in shares of Ichor by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 3,333,902 shares of the technology company's stock valued at $61,444,000 after buying an additional 148,993 shares during the period. Invesco Ltd. boosted its position in shares of Ichor by 141.2% in the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company's stock valued at $55,730,000 after acquiring an additional 1,770,425 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Ichor by 15.3% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,957,656 shares of the technology company's stock valued at $36,080,000 after acquiring an additional 259,417 shares in the last quarter. Royce & Associates LP grew its stake in Ichor by 48.5% during the fourth quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company's stock valued at $26,707,000 after acquiring an additional 473,440 shares in the last quarter. Finally, State Street Corp increased its holdings in Ichor by 0.9% during the 4th quarter. State Street Corp now owns 1,285,419 shares of the technology company's stock worth $23,690,000 after acquiring an additional 11,645 shares during the period. Institutional investors own 94.81% of the company's stock.

Insider Buying and Selling

In other Ichor news, CFO Greg Swyt sold 19,662 shares of the business's stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $70.42, for a total value of $1,384,598.04. Following the completion of the sale, the chief financial officer owned 60,971 shares in the company, valued at approximately $4,293,577.82. The trade was a 24.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Ryan Sr. Barros sold 13,705 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $70.19, for a total value of $961,953.95. Following the sale, the chief executive officer directly owned 165,078 shares of the company's stock, valued at approximately $11,586,824.82. This trade represents a 7.67% 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 have sold 64,187 shares of company stock valued at $4,559,436 in the last 90 days. 1.70% of the stock is owned by insiders.

Ichor Price Performance

Shares of NASDAQ:ICHR opened at $69.19 on Thursday. The company has a quick ratio of 2.07, a current ratio of 3.70 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.59 billion, a PE ratio of -59.14 and a beta of 1.82. The company's fifty day moving average is $85.04 and its 200 day moving average is $64.73. Ichor Holdings, Ltd. has a 52 week low of $14.06 and a 52 week high of $113.58.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The business had revenue of $294.78 million during the quarter, compared to analyst estimates of $300.17 million. During the same period in the prior year, the business posted $0.03 earnings per share. The company's revenue was up 22.7% on a year-over-year basis. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Research analysts anticipate that Ichor Holdings, Ltd. will post 1.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ICHR shares. Oppenheimer increased their target price on shares of Ichor from $60.00 to $80.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 4th. B. Riley Financial lowered their price objective on Ichor from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. DA Davidson set a $85.00 price objective on Ichor in a research note on Wednesday, August 5th. Weiss Ratings restated a "sell (d-)" rating on shares of Ichor in a research report on Wednesday, June 24th. Finally, Zacks Research lowered Ichor from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ichor currently has an average rating of "Moderate Buy" and an average target price of $87.00.

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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