Invesco Ltd. Acquires 66,942 Shares of Ichor Holdings, Ltd. $ICHR

Key Points

• Invesco Ltd. has increased its stake in Ichor Holdings by 6.1%, acquiring an additional 66,942 shares, bringing its total ownership to approximately 1.17 million shares valued at $26.4 million.
• Despite an 18.2% year-over-year revenue growth, Ichor reported a quarterly EPS of $0.03, missing the analysts' estimates of $0.14.
• Several research analysts have adjusted their price targets for Ichor, with the consensus rating currently at "Moderate Buy" and a price target of $23.80.

Invesco Ltd. boosted its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,168,756 shares of the technology company's stock after buying an additional 66,942 shares during the quarter. Invesco Ltd. owned 3.43% of Ichor worth $26,426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC boosted its stake in Ichor by 570.9% in the 1st quarter. Headlands Technologies LLC now owns 8,044 shares of the technology company's stock worth $182,000 after purchasing an additional 6,845 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Ichor by 3.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 520,274 shares of the technology company's stock worth $11,763,000 after purchasing an additional 17,981 shares during the period. Natixis Advisors LLC boosted its stake in Ichor by 4.0% in the 1st quarter. Natixis Advisors LLC now owns 29,546 shares of the technology company's stock worth $668,000 after purchasing an additional 1,131 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ichor by 35.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,340 shares of the technology company's stock worth $211,000 after purchasing an additional 2,439 shares during the period. Finally, Royce & Associates LP boosted its stake in Ichor by 7.9% in the 1st quarter. Royce & Associates LP now owns 932,925 shares of the technology company's stock worth $21,093,000 after purchasing an additional 68,680 shares during the period. Institutional investors and hedge funds own 94.81% of the company's stock.

Ichor Stock Down 1.5%

Shares of Ichor stock traded down $0.28 during midday trading on Monday, reaching $17.88. 597,424 shares of the company's stock traded hands, compared to its average volume of 1,297,493. The company has a market cap of $613.82 million, a price-to-earnings ratio of -29.31 and a beta of 1.75. The company's 50 day simple moving average is $19.86 and its 200 day simple moving average is $21.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.32 and a current ratio of 3.22. Ichor Holdings, Ltd. has a 52 week low of $13.12 and a 52 week high of $36.48.

Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The technology company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.11). The business had revenue of $240.29 million for the quarter, compared to the consensus estimate of $234.51 million. Ichor had a negative net margin of 2.23% and a negative return on equity of 0.77%. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 EPS. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. Equities analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. DA Davidson decreased their price objective on shares of Ichor from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Wall Street Zen lowered shares of Ichor from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Needham & Company LLC reissued a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. B. Riley lowered shares of Ichor from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a research note on Tuesday, August 5th. Finally, Stifel Nicolaus set a $23.00 target price on shares of Ichor and gave the company a "buy" rating in a research note on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.80.

Insider Activity

In related news, Director Iain Mackenzie bought 25,000 shares of Ichor stock in a transaction dated 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 of the company's stock, valued at approximately $997,982.93. This trade represents a 71.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 shares were acquired at an average cost of $17.75 per share, with a total value of $53,250.00. Following the completion of the purchase, the director owned 42,960 shares of the company's stock, valued at $762,540. The trade was 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.

Ichor 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.