Vanguard Group Inc. Sells 37,903 Shares of Ichor Holdings, Ltd. $ICHR

Key Points

• Vanguard Group Inc. reduced its stake in Ichor Holdings by 1.2%, selling 37,903 shares, and now holds approximately 3.14 million shares valued at $71.09 million.
• Several hedge funds have increased their positions in Ichor, with Bank of America Corp DE notably raising its holdings by 34.4% during the fourth quarter.
• After recent earnings, Ichor reported a negative EPS of $0.03, missing analyst expectations, while its revenue increased 18.2% year-over-year to $240.29 million.

Vanguard Group Inc. trimmed its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,144,190 shares of the technology company's stock after selling 37,903 shares during the quarter. Vanguard Group Inc. owned approximately 9.22% of Ichor worth $71,090,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in Ichor by 23.4% in the fourth quarter. Wells Fargo & Company MN now owns 19,675 shares of the technology company's stock worth $634,000 after purchasing an additional 3,731 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Ichor by 27.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 21,578 shares of the technology company's stock worth $695,000 after purchasing an additional 4,635 shares during the last quarter. Barclays PLC raised its stake in shares of Ichor by 4.1% in the fourth quarter. Barclays PLC now owns 59,106 shares of the technology company's stock valued at $1,905,000 after buying an additional 2,319 shares during the period. Marshall Wace LLP raised its stake in shares of Ichor by 35.9% in the fourth quarter. Marshall Wace LLP now owns 110,060 shares of the technology company's stock valued at $3,546,000 after buying an additional 29,051 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Ichor by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,724,058 shares of the technology company's stock valued at $55,547,000 after purchasing an additional 111,337 shares during the period. 94.81% of the stock is currently owned by institutional investors.

Ichor Stock Down 4.2%

ICHR stock traded down $0.73 on Friday, reaching $16.85. 775,373 shares of the company traded hands, compared to its average volume of 1,326,941. Ichor Holdings, Ltd. has a one year low of $13.12 and a one year high of $36.48. 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 company has a market cap of $578.46 million, a P/E ratio of -27.62 and a beta of 1.75. The firm has a fifty day simple moving average of $19.86 and a 200-day simple moving average of $21.23.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings data 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 company 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 quarterly revenue was up 18.2% on a year-over-year basis. During the same period last year, the business earned $0.05 EPS. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. Research analysts anticipate that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other Ichor news, Director Marc Haugen bought 3,000 shares of Ichor stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $17.75 per share, with a total value of $53,250.00. Following the acquisition, the director owned 42,960 shares in the company, valued at approximately $762,540. This trade represents a 7.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iain Mackenzie bought 25,000 shares of Ichor stock in a transaction on Thursday, August 7th. The stock was acquired at an average cost of $16.63 per share, with a total value of $415,750.00. Following the acquisition, 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. 1.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ICHR has been the topic of a number of research analyst reports. Oppenheimer set a $21.00 target price on Ichor and gave the stock a "market perform" rating in a research note on Tuesday, August 5th. Wall Street Zen lowered Ichor from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. DA Davidson dropped their target price on Ichor from $45.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. B. Riley cut Ichor from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a report on Tuesday, August 5th. Finally, TD Cowen dropped their target price on Ichor from $28.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.80.

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.