Cinctive Capital Management LP Invests $1.36 Million in Ichor Holdings, Ltd. $ICHR

Key Points

• Cinctive Capital Management LP invested $1.36 million in Ichor Holdings, acquiring 59,957 shares during the first quarter, representing approximately 0.18% of the company's stock.
• Several analysts downgraded Ichor shares from a "hold" to a "sell" rating and set varying price targets, with a consensus rating of "Moderate Buy" and an average target price of $23.80.
• Ichor reported a revenue of $240.29 million for the last quarter, despite missing earnings estimates, highlighting a year-over-year revenue growth of 18.2%.

Cinctive Capital Management LP purchased a new position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 59,957 shares of the technology company's stock, valued at approximately $1,356,000. Cinctive Capital Management LP owned approximately 0.18% of Ichor at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of Ichor by 42.6% during the 1st quarter. Wellington Management Group LLP now owns 1,663,070 shares of the technology company's stock worth $37,602,000 after purchasing an additional 496,866 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Ichor by 10,313.1% during the 1st quarter. American Century Companies Inc. now owns 1,233,437 shares of the technology company's stock worth $27,888,000 after acquiring an additional 1,221,592 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Ichor by 6.1% during the 1st quarter. Invesco Ltd. now owns 1,168,756 shares of the technology company's stock worth $26,426,000 after acquiring an additional 66,942 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Ichor by 7.9% during the 1st quarter. Royce & Associates LP now owns 932,925 shares of the technology company's stock worth $21,093,000 after acquiring an additional 68,680 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Ichor by 18.7% during the 4th quarter. Nuveen Asset Management LLC now owns 777,289 shares of the technology company's stock worth $25,044,000 after acquiring an additional 122,280 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Stock Performance

Shares of ICHR stock traded up $0.82 during mid-day trading on Wednesday, reaching $17.23. The stock had a trading volume of 243,121 shares, compared to its average volume of 517,298. The firm's 50 day simple moving average is $19.49 and its 200 day simple moving average is $20.34. The company has a quick ratio of 1.32, a current ratio of 3.22 and a debt-to-equity ratio of 0.17. Ichor Holdings, Ltd. has a one year low of $13.12 and a one year high of $36.48. The firm has a market cap of $591.33 million, a PE ratio of -28.24 and a beta of 1.90.

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

Insider Buying and Selling at Ichor

In related news, Director Iain Mackenzie purchased 25,000 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average price of $16.63 per share, with a total value of $415,750.00. Following the purchase, the director directly owned 60,011 shares in the company, valued at $997,982.93. This represents a 71.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Marc Haugen acquired 3,000 shares of the business's stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $17.75 per share, with a total value of $53,250.00. Following the transaction, 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 owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ICHR. TD Cowen decreased their price target on Ichor from $28.00 to $22.00 and set a "buy" rating for the company in a research note on Tuesday, August 5th. Wall Street Zen downgraded Ichor from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. DA Davidson decreased their target price on Ichor from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. B. Riley downgraded Ichor from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research report on Tuesday, August 5th. Finally, Stifel Nicolaus set a $23.00 price target on Ichor and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Ichor currently has an average 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.