Goldman Sachs Group Inc. Decreases Stock Holdings in Ichor Holdings, Ltd. $ICHR

Key Points

• Goldman Sachs Group Inc. reduced its stake in Ichor Holdings by 9.1%, owning 189,034 shares valued at approximately $4.27 million after selling 19,017 shares in the first quarter.
• Key acquisitions included Ichor insiders buying shares, with Director Marc Haugen increasing his position by 7.51% and Director Iain Mackenzie raising his by 71.41% through substantial purchases.
• Ichor Holdings reported a loss per share of $0.03 for the latest quarter, falling short of analysts' expectations, although revenue increased by 18.2% year-over-year to $240.29 million.

Goldman Sachs Group Inc. cut its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,034 shares of the technology company's stock after selling 19,017 shares during the period. Goldman Sachs Group Inc. owned approximately 0.55% of Ichor worth $4,274,000 at the end of the most recent reporting period.

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

Ichor Stock Performance

Shares of Ichor stock traded up $0.42 on Friday, reaching $18.44. 1,681,816 shares of the company traded hands, compared to its average volume of 915,496. Ichor Holdings, Ltd. has a 52 week low of $13.12 and a 52 week high of $36.48. The company has a 50 day moving average of $18.54 and a 200 day moving average of $19.59. The firm has a market capitalization of $632.99 million, a PE ratio of -30.23 and a beta of 1.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.22 and a quick ratio of 1.32.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $240.29 million for the quarter, compared to analysts' expectations of $234.51 million. Ichor had a negative net margin of 2.23% and a negative return on equity of 0.77%. The business's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. Equities analysts forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

ICHR has been the subject of a number of recent analyst reports. B. Riley downgraded shares of Ichor from a "buy" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research report on Tuesday, August 5th. TD Cowen reduced their price objective on shares of Ichor from $28.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday, August 5th. DA Davidson reduced their price objective on shares of Ichor from $45.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Oppenheimer set a $21.00 price objective on shares of Ichor and gave the stock a "market perform" rating in a research report on Tuesday, August 5th. Finally, Stifel Nicolaus set a $23.00 target price on shares of Ichor and gave the company 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 assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.80.

Insider Buying and Selling

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

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.