Russell Investments Group Ltd. Grows Stock Position in Ichor Holdings, Ltd. $ICHR

Key Points

• Russell Investments Group Ltd. significantly increased its stake in Ichor Holdings, raising it by 6,688% during the first quarter, now owning approximately 0.06% of the company valued at $448,000.
• Several institutional investors, including Public Sector Pension Investment Board and Nuveen LLC, also increased their holdings, highlighting a strong interest in Ichor with institutional ownership now at 94.81%.
• The company's recent earnings report showed a miss on EPS estimates with $0.03 reported, but quarterly revenue grew by 18.2% year-over-year, reaching $240.29 million.

Russell Investments Group Ltd. lifted its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 6,688.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,821 shares of the technology company's stock after acquiring an additional 19,529 shares during the period. Russell Investments Group Ltd. owned 0.06% of Ichor worth $448,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ICHR. MetLife Investment Management LLC raised its position in shares of Ichor by 6.8% during the 4th quarter. MetLife Investment Management LLC now owns 20,099 shares of the technology company's stock worth $648,000 after acquiring an additional 1,285 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Ichor by 52.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock worth $147,000 after acquiring an additional 1,578 shares in the last quarter. State of Tennessee Department of Treasury raised its position in shares of Ichor by 103.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 15,067 shares of the technology company's stock worth $485,000 after acquiring an additional 7,650 shares in the last quarter. Stifel Financial Corp increased its position in Ichor by 1.9% during the fourth quarter. Stifel Financial Corp now owns 51,749 shares of the technology company's stock worth $1,667,000 after buying an additional 944 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Ichor by 21.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,016 shares of the technology company's stock worth $420,000 after buying an additional 2,327 shares during the period. Institutional investors and hedge funds own 94.81% of the company's stock.

Ichor Price Performance

Shares of Ichor stock traded up $0.38 during trading on Thursday, reaching $16.45. The company's stock had a trading volume of 296,401 shares, compared to its average volume of 510,248. 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 12-month low of $13.12 and a 12-month high of $36.48. The company has a market capitalization of $564.56 million, a P/E ratio of -26.98 and a beta of 1.90. The business has a 50 day moving average price of $19.74 and a 200-day moving average price of $20.90.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its 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 firm had revenue of $240.29 million for 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 firm's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. As a group, sell-side analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insiders Place Their Bets

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

Analyst Ratings Changes

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