Ichor Holdings, Ltd. $ICHR Shares Sold by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System reduced its Ichor Holdings stake by 2.6% in the second quarter, selling 1,064 shares and retaining 39,742 shares valued at approximately $4.46 million. Institutional investors and hedge funds collectively own 94.81% of the company.
• Ichor reported quarterly earnings of $0.34 per share, beating estimates of $0.31, while revenue rose 22.7% year over year to $294.78 million but fell short of expectations. The company guided for third-quarter EPS of $0.40–$0.50.
• Shares traded at $50.40, well below the 52-week high of $113.58. Despite mixed analyst actions, Ichor maintains a “Moderate Buy” consensus rating with an average price target of $87.00; insiders have sold 23,902 shares worth about $1.4 million over the past 90 days.

California State Teachers Retirement System reduced its position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 2.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 39,742 shares of the technology company's stock after selling 1,064 shares during the period. California State Teachers Retirement System owned about 0.11% of Ichor worth $4,462,232 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ICHR. Wellington Management Group LLP lifted its position in shares of Ichor by 54.3% in the second quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company's stock worth $124,501,000 after purchasing an additional 390,017 shares in the last quarter. Royce & Associates LP raised its holdings in Ichor by 48.5% in the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company's stock valued at $26,707,000 after acquiring an additional 473,440 shares during the period. Kennedy Capital Management LLC boosted its stake in shares of Ichor by 20.9% in the 4th quarter. Kennedy Capital Management LLC now owns 892,524 shares of the technology company's stock valued at $16,449,000 after purchasing an additional 154,404 shares in the last quarter. Principal Financial Group Inc. raised its stake in Ichor by 2.1% during the first quarter. Principal Financial Group Inc. now owns 167,350 shares of the technology company's stock worth $7,800,000 after buying an additional 3,494 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Ichor by 61.7% in the 1st quarter. Sei Investments Co. now owns 113,531 shares of the technology company's stock worth $5,292,000 after acquiring an additional 43,320 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Stock Performance

NASDAQ ICHR traded down $0.98 on Tuesday, hitting $50.40. 333,376 shares of the stock were exchanged, compared to its average volume of 996,761. The company has a market capitalization of $1.89 billion, a PE ratio of -43.10 and a beta of 1.81. Ichor Holdings, Ltd. has a 52 week low of $14.06 and a 52 week high of $113.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07. The business's fifty day moving average is $70.66 and its 200 day moving average is $67.90.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The firm had revenue of $294.78 million during the quarter, compared to the consensus estimate of $300.17 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The business's revenue was up 22.7% compared to the same quarter last year. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Research analysts anticipate that Ichor Holdings, Ltd. will post 1.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ICHR shares. Wall Street Zen lowered shares of Ichor from a "buy" rating to a "hold" rating in a report on Sunday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Ichor in a research report on Wednesday, June 24th. B. Riley Financial cut their price objective on shares of Ichor from $125.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Stifel Nicolaus upped their price target on Ichor from $76.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 10th. Finally, Oppenheimer upped their price target on shares of Ichor from $60.00 to $80.00 and gave the company a "market perform" rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ichor presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.00.

Insider Activity

In other Ichor news, COO Bruce Ragsdale sold 10,587 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $51.93, for a total value of $549,782.91. Following the completion of the transaction, the chief operating officer owned 92,324 shares in the company, valued at $4,794,385.32. The trade was a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Barros, Jr. sold 1,314 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $61.88, for a total value of $81,310.32. Following the sale, the chief executive officer directly owned 161,562 shares in the company, valued at $9,997,456.56. This trade represents a 0.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 23,902 shares of company stock worth $1,404,273 over the last 90 days. Insiders own 1.70% of the company's stock.

About Ichor

Ichor Holdings, Ltd. NASDAQ: ICHR designs, manufactures and services critical fluid-delivery systems and components used in semiconductor manufacturing equipment. Its products help control and deliver gases and chemicals used in processes such as wafer fabrication, including deposition, etching and cleaning.

The company's offerings include gas and chemical delivery modules, fluid-management systems, precision-machined components, weldments and related assemblies. Ichor also provides capabilities such as precision machining, welding, electropolishing, cleaning and component testing, allowing it to supply integrated subsystems to semiconductor capital-equipment manufacturers.

Founded in 1999 and headquartered in Fremont, California, Ichor serves a global customer base through engineering and manufacturing operations in North America, Europe and Asia.

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