Connor Clark & Lunn Investment Management Ltd. Decreases Position in Ichor Holdings, Ltd. $ICHR

Key Points

• Connor Clark & Lunn Investment Management Ltd. reduced its stake in Ichor Holdings by 25.7%, now owning 66,295 shares valued at approximately $1.5 million.
• Recent analysts' ratings for Ichor include a downgrade from TD Cowen and a price target cut from $28.00 to $22.00, reflecting a cautious market outlook.
• Insider buying is highlighted by Director Iain Mackenzie, who acquired 25,000 shares at $16.63 each, increasing his position in Ichor by 71.41%.

Connor Clark & Lunn Investment Management Ltd. decreased its position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 25.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,295 shares of the technology company's stock after selling 22,905 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.19% of Ichor worth $1,499,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC grew its holdings 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 acquiring an additional 533 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Ichor by 0.9% in the 1st quarter. Rhumbline Advisers now owns 99,149 shares of the technology company's stock valued at $2,242,000 after acquiring an additional 839 shares in the last quarter. Quarry LP grew its holdings 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 acquiring an additional 860 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Ichor by 1.9% in the 4th quarter. Stifel Financial Corp now owns 51,749 shares of the technology company's stock valued at $1,667,000 after acquiring an additional 944 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ichor by 5.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,780 shares of the technology company's stock worth $605,000 after purchasing an additional 959 shares during the period. Institutional investors and hedge funds own 94.81% of the company's stock.

Ichor Stock Up 0.4%

Shares of ICHR traded up $0.06 during trading hours on Thursday, hitting $16.99. The stock had a trading volume of 405,292 shares, compared to its average volume of 1,270,786. 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 firm has a 50 day simple moving average of $19.85 and a 200-day simple moving average of $21.82. The firm has a market capitalization of $583.27 million, a P/E ratio of -27.85 and a beta of 1.75. Ichor Holdings, Ltd. has a 1-year low of $13.12 and a 1-year high of $36.48.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its earnings results on Monday, August 4th. The technology company reported $0.03 EPS 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 analyst estimates of $234.51 million. Ichor had a negative net margin of 2.23% and a negative return on equity of 0.77%. The business's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. Sell-side analysts predict that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on ICHR. B. Riley cut Ichor from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Tuesday, August 5th. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. Wall Street Zen cut Ichor from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Stifel Nicolaus set a $23.00 target price on Ichor and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, TD Cowen cut their target price on Ichor from $28.00 to $22.00 and set a "buy" rating for the company 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 company. Based on data from MarketBeat.com, Ichor currently has a consensus rating of "Moderate Buy" and an average target price of $23.80.

Insider Activity

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 acquired at an average price of $16.63 per share, with a total value of $415,750.00. Following the transaction, the director owned 60,011 shares in the company, valued at $997,982.93. The trade was a 71.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marc Haugen purchased 3,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average cost of $17.75 per share, for a total transaction of $53,250.00. Following the transaction, the director owned 42,960 shares in the company, valued at $762,540. This represents a 7.51% increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by company insiders.

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.