Bank of America Corp DE decreased its position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 46.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 287,474 shares of the technology company's stock after selling 249,287 shares during the quarter. Bank of America Corp DE owned about 0.83% of Ichor worth $13,399,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its holdings in Ichor by 141.2% during the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company's stock valued at $55,730,000 after purchasing an additional 1,770,425 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Ichor by 1,710.7% during the third quarter. Millennium Management LLC now owns 855,011 shares of the technology company's stock valued at $14,980,000 after acquiring an additional 807,792 shares during the period. Royce & Associates LP boosted its holdings in Ichor by 48.5% in 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 during the last quarter. J. Goldman & Co LP bought a new position in Ichor in the fourth quarter valued at about $6,663,000. Finally, Heartland Advisors Inc. acquired a new stake in Ichor in the fourth quarter worth about $5,529,000. Institutional investors and hedge funds own 94.81% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on ICHR. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Ichor in a research note on Wednesday, June 24th. Zacks Research raised Ichor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Stifel Nicolaus raised their target price on Ichor from $76.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Oppenheimer upped their price target on Ichor from $60.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, August 4th. Finally, B. Riley Financial cut 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $87.00.
Get Our Latest Stock Report on Ichor
Ichor Stock Up 2.3%
Shares of ICHR opened at $60.20 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07. Ichor Holdings, Ltd. has a one year low of $14.06 and a one year high of $113.58. The company has a market cap of $2.25 billion, a P/E ratio of -51.45 and a beta of 1.82. The firm has a 50 day simple moving average of $83.95 and a two-hundred day simple moving average of $66.19.
Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $300.17 million. During the same quarter in the previous year, the company posted $0.03 EPS. Ichor'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. Research analysts forecast that Ichor Holdings, Ltd. will post 1.13 EPS for the current fiscal year.
Insider Buying and Selling at Ichor
In related news, CEO Philip Ryan Sr. Barros sold 13,705 shares of the business's stock in a transaction 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 owned 165,078 shares of the company's stock, valued at $11,586,824.82. The trade was a 7.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 19,662 shares of the stock in a transaction on Thursday, May 28th. The shares were 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 of the company's stock, valued at $4,293,577.82. The trade was a 24.38% decrease in their ownership of the stock. 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 a total of 71,434 shares of company stock worth $5,037,101 in the last three months. 1.70% of the stock is currently owned by company insiders.
About Ichor
(
Free Report)
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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