Hodges Capital Management Inc. Trims Position in Ichor Holdings, Ltd. $ICHR

Key Points

• Hodges Capital Management Inc. significantly reduced its stake in Ichor Holdings by 56.8%, owning 93,760 shares after selling 123,365 shares during the first quarter.
• Several large investors, including Wellington Management Group and American Century Companies Inc., have increased their positions in Ichor, with American Century raising its stake by over 10,000%.
• Ichor's latest earnings report showed a miss in earnings per share at $0.03 compared to analysts' estimates of $0.14, despite revenue increasing by 18.2% year-over-year.

Hodges Capital Management Inc. reduced its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 56.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 93,760 shares of the technology company's stock after selling 123,365 shares during the period. Hodges Capital Management Inc. owned about 0.27% of Ichor worth $2,120,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. Headlands Technologies LLC boosted 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 valued at $182,000 after buying an additional 6,845 shares during the last quarter. Gabelli Funds LLC purchased a new position in Ichor during the 1st quarter worth $203,000. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 acquiring an additional 2,439 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Ichor by 5.9% in the 1st quarter. Cerity Partners LLC now owns 9,521 shares of the technology company's stock worth $215,000 after acquiring an additional 533 shares in the last quarter. Finally, Royal Bank of Canada raised 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 valued at $224,000 after purchasing an additional 2,146 shares during the last quarter. Institutional investors own 94.81% of the company's stock.

Ichor Stock Performance

Shares of NASDAQ ICHR traded down $0.22 during trading on Wednesday, reaching $16.84. 559,048 shares of the stock traded hands, compared to its average volume of 528,855. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.22 and a quick ratio of 1.32. The stock has a market capitalization of $577.98 million, a P/E ratio of -27.71 and a beta of 1.90. 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 $18.90 and a 200-day moving average of $19.87.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.11). The firm had revenue of $240.29 million during the quarter, compared to analysts' expectations 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 business posted $0.05 EPS. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. Analysts forecast that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Insider Activity at Ichor

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 acquired 3,000 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average cost of $17.75 per share, with a total value of $53,250.00. Following the completion of the acquisition, the director owned 42,960 shares in the company, valued at $762,540. This trade represents a 7.51% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

ICHR has been the topic of several analyst reports. TD Cowen cut their price target on shares of Ichor from $28.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, August 5th. B. Riley cut shares of Ichor from a "buy" rating to a "neutral" rating and set a $18.00 target price on the stock. in a research report on Tuesday, August 5th. DA Davidson reduced their target price on Ichor from $45.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. 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. Finally, Oppenheimer set a $21.00 price objective on Ichor and gave the stock a "market perform" rating in a research report on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.80.

Ichor Company 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.