Cinctive Capital Management LP Makes New Investment 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 acquired a new position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 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 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Headlands Technologies LLC raised its position in shares of Ichor by 570.9% during the first quarter. Headlands Technologies LLC now owns 8,044 shares of the technology company's stock worth $182,000 after purchasing an additional 6,845 shares during the period. Gabelli Funds LLC purchased a new position in Ichor in the 1st quarter worth about $203,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Ichor by 35.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,340 shares of the technology company's stock worth $211,000 after buying an additional 2,439 shares during the period. Cerity Partners LLC lifted its stake in Ichor by 5.9% during the first quarter. Cerity Partners LLC now owns 9,521 shares of the technology company's stock valued at $215,000 after buying an additional 533 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Ichor by 27.7% in the first quarter. Royal Bank of Canada now owns 9,891 shares of the technology company's stock worth $224,000 after buying an additional 2,146 shares during the period. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Ichor Stock Down 2.1%

ICHR stock traded down $0.35 during midday trading on Tuesday, reaching $16.41. The company had a trading volume of 798,212 shares, compared to its average volume of 519,086. The company has a 50 day moving average of $19.58 and a two-hundred day moving average of $20.37. The company has a current ratio of 3.22, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17. Ichor Holdings, Ltd. has a 1 year low of $13.12 and a 1 year high of $36.48. The company has a market capitalization of $563.36 million, a P/E ratio of -26.90 and a beta of 1.90.

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

Insider Transactions at Ichor

In other news, Director Marc Haugen acquired 3,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average price of $17.75 per share, for a total transaction of $53,250.00. Following the completion of the acquisition, the director owned 42,960 shares of the company's stock, valued at approximately $762,540. This represents a 7.51% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Iain Mackenzie bought 25,000 shares of Ichor stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $16.63 per share, with a total value of $415,750.00. Following the completion of the purchase, the director directly owned 60,011 shares of the company's stock, valued at approximately $997,982.93. The trade was a 71.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is owned by company insiders.

About Ichor

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.