Ichor Holdings, Ltd. $ICHR Shares Sold by Pinnacle Associates Ltd.

Key Points

• Pinnacle Associates cut its Ichor Holdings stake by 19.2% in the third quarter, selling 72,931 shares and retaining 306,461 shares worth about $19.0 million. Institutional investors collectively own 94.81% of the company.
• Ichor shares fell 3.8% to $42.23, well below their 50-day and 200-day moving averages. The stock has traded between $14.06 and $113.58 over the past year.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $85.89, despite recent insider selling and mixed target-price revisions.

Pinnacle Associates Ltd. reduced its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 19.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,461 shares of the technology company's stock after selling 72,931 shares during the quarter. Pinnacle Associates Ltd. owned about 0.82% of Ichor worth $18,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake in Ichor by 9.5% during the third quarter. Nisa Investment Advisors LLC now owns 4,986 shares of the technology company's stock valued at $308,000 after acquiring an additional 433 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in Ichor in the 3rd quarter valued at $1,991,000. Revisor Wealth Management LLC increased its holdings in Ichor by 254.8% in the 3rd quarter. Revisor Wealth Management LLC now owns 7,785 shares of the technology company's stock valued at $482,000 after acquiring an additional 5,591 shares during the last quarter. Triumph Capital Management purchased a new stake in Ichor in the 3rd quarter worth $1,274,000. Finally, GK Wealth Management LLC purchased a new stake in Ichor in the 3rd quarter worth $309,000. Institutional investors own 94.81% of the company's stock.

Ichor Trading Down 3.8%

ICHR stock opened at $42.23 on Wednesday. The firm has a fifty day moving average price of $57.14 and a 200 day moving average price of $69.59. Ichor Holdings, Ltd. has a fifty-two week low of $14.06 and a fifty-two week high of $113.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 3.70. The firm has a market cap of $1.58 billion, a PE ratio of -36.09 and a beta of 1.79.

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

Insider Buying and Selling at Ichor

In other news, Director Iain MacKenzie sold 20,000 shares of the business's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $50.66, for a total value of $1,013,200.00. Following the sale, the director directly owned 102,427 shares in the company, valued at $5,188,951.82. The trade was a 16.34% decrease in their position. The transaction was disclosed in a 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 dated Wednesday, August 19th. The stock was sold at an average price of $61.88, for a total transaction of $81,310.32. Following the completion of the sale, the chief executive officer owned 161,562 shares in the company, valued at approximately $9,997,456.56. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last quarter, insiders sold 46,740 shares of company stock valued at $2,602,960. Corporate insiders own 1.70% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on ICHR shares. Stifel Nicolaus increased their price objective on shares of Ichor from $76.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 10th. Zacks Research lowered Ichor from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Needham & Company LLC lifted their target price on Ichor from $72.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. B. Riley Financial decreased their target price on Ichor from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Finally, DA Davidson raised Ichor to a "strong-buy" rating in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $85.89.

Ichor Company Profile

Ichor Holdings, Ltd. NASDAQ: ICHR is a supplier to the semiconductor equipment industry. The company designs, engineers and manufactures critical fluid-delivery subsystems used in semiconductor fabrication equipment, including systems that deliver and control gases and chemicals during the wafer-manufacturing process.

Ichor's products and services include gas and chemical delivery systems, precision-machined components, weldments, fluid-management assemblies and related engineering and manufacturing services.

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