Ichor Holdings, Ltd. $ICHR Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. significantly increased its stake in Ichor Holdings, Ltd. by 10,313.1%, owning over 1.23 million shares worth approximately $27.9 million after purchasing more shares during the first quarter.
• Ichor reported a loss of $0.11 per share for the latest quarter, missing analysts' expectations, despite an 18.2% increase in revenue year-over-year, totaling $240.29 million.
• Current market analysts have mixed ratings for Ichor, with an average rating of "Moderate Buy" and a price target of $23.80, indicating both optimism and caution regarding future performance.

American Century Companies Inc. grew its position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 10,313.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,233,437 shares of the technology company's stock after purchasing an additional 1,221,592 shares during the period. American Century Companies Inc. owned approximately 3.61% of Ichor worth $27,888,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP lifted its stake in shares of Ichor by 54.9% in the 4th quarter. Quarry LP now owns 2,426 shares of the technology company's stock valued at $78,000 after purchasing an additional 860 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Ichor by 52.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock valued at $147,000 after purchasing an additional 1,578 shares in the last quarter. Headlands Technologies LLC lifted its stake in shares of Ichor by 570.9% in the 1st quarter. Headlands Technologies LLC now owns 8,044 shares of the technology company's stock valued at $182,000 after purchasing an additional 6,845 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ichor by 35.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,340 shares of the technology company's stock valued at $211,000 after purchasing an additional 2,439 shares in the last quarter. Finally, Cerity Partners LLC lifted 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 valued at $215,000 after purchasing an additional 533 shares in the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Stock Down 2.0%

Shares of ICHR traded down $0.36 during trading on Wednesday, reaching $17.34. The company's stock had a trading volume of 290,963 shares, compared to its average volume of 504,954. The company has a fifty day moving average of $19.87 and a two-hundred day moving average of $21.48. Ichor Holdings, Ltd. has a twelve month low of $13.12 and a twelve month high of $36.48. The company has a market cap of $595.25 million, a price-to-earnings ratio of -28.47 and a beta of 1.75. 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 (NASDAQ:ICHR - Get Free Report) last announced its earnings results on Monday, August 4th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.11). Ichor had a negative net margin of 2.23% and a negative return on equity of 0.77%. The business had revenue of $240.29 million during the quarter, compared to analyst estimates of $234.51 million. During the same period in the previous year, the company earned $0.05 earnings per share. The business's revenue for the quarter was up 18.2% on a year-over-year basis. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. On average, sell-side analysts predict that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

ICHR has been the topic of several recent research reports. DA Davidson reduced 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. Oppenheimer set a $21.00 price target on Ichor and gave the stock a "market perform" rating in a research report on Tuesday, August 5th. Needham & Company LLC reissued a "hold" rating on shares of Ichor in a research report on Tuesday, May 6th. B. Riley lowered Ichor from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research report on Tuesday, August 5th. Finally, TD Cowen reduced their price target on Ichor from $28.00 to $22.00 and set a "buy" rating on the stock 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's stock. Based on data from MarketBeat.com, Ichor currently has an average rating of "Moderate Buy" and a consensus target price of $23.80.

Insider Buying and Selling

In other news, 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 cost of $17.75 per share, with a total value of $53,250.00. Following the transaction, the director owned 42,960 shares in the company, valued at approximately $762,540. The trade was a 7.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Iain Mackenzie purchased 25,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were purchased 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 approximately $997,982.93. This represents a 71.41% 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.