Wellington Management Group LLP Has $37.60 Million Stock Position in Ichor Holdings, Ltd. $ICHR

Key Points

• Wellington Management Group LLP has significantly increased its stake in Ichor Holdings, acquiring an additional 496,866 shares, leading to a total ownership of 1,663,070 shares, worth approximately $37.6 million.
• Despite a revenue increase of 18.2% year-over-year, Ichor Holdings reported a disappointing EPS of $0.03, missing the consensus estimate by $0.11.
• Analysts are mixed on Ichor's prospects, with price targets ranging from $21.00 to $35.00, resulting in an average rating of "Moderate Buy" according to MarketBeat.

Wellington Management Group LLP increased its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 42.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,663,070 shares of the technology company's stock after acquiring an additional 496,866 shares during the quarter. Wellington Management Group LLP owned about 4.87% of Ichor worth $37,602,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ICHR. American Century Companies Inc. increased its position in Ichor by 10,313.1% during the first quarter. American Century Companies Inc. now owns 1,233,437 shares of the technology company's stock worth $27,888,000 after acquiring an additional 1,221,592 shares during the period. Nuveen LLC bought a new position in Ichor during the first quarter worth $13,726,000. Nuveen Asset Management LLC increased its position in Ichor by 18.7% during the fourth quarter. Nuveen Asset Management LLC now owns 777,289 shares of the technology company's stock worth $25,044,000 after acquiring an additional 122,280 shares during the period. Dimensional Fund Advisors LP increased its position in Ichor by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,724,058 shares of the technology company's stock worth $55,547,000 after acquiring an additional 111,337 shares during the period. Finally, Bank of America Corp DE increased its position in Ichor by 34.4% during the fourth quarter. Bank of America Corp DE now owns 418,567 shares of the technology company's stock worth $13,486,000 after acquiring an additional 107,154 shares during the period. Institutional investors own 94.81% of the company's stock.

Wall Street Analyst Weigh In

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

Ichor Price Performance

Shares of NASDAQ:ICHR traded down $0.73 on Friday, hitting $16.85. The stock had a trading volume of 775,373 shares, compared to its average volume of 1,326,941. Ichor Holdings, Ltd. has a twelve month low of $13.12 and a twelve month high of $36.48. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.32 and a current ratio of 3.22. The firm's 50 day moving average price is $19.86 and its 200-day moving average price is $21.15. The company has a market capitalization of $578.46 million, a price-to-earnings ratio of -27.62 and a beta of 1.75.

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). Ichor had a negative net margin of 2.23% and a negative return on equity of 0.77%. The firm had revenue of $240.29 million during the quarter, compared to analyst estimates of $234.51 million. During the same quarter in the prior year, the firm posted $0.05 EPS. The firm'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, equities research analysts predict that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insider Buying and Selling at Ichor

In other 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 price of $16.63 per share, for a total transaction of $415,750.00. Following the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marc Haugen bought 3,000 shares of Ichor stock in a transaction dated Thursday, August 7th. The stock was purchased at an average price of $17.75 per share, for a total transaction of $53,250.00. Following the purchase, the director directly 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 insiders.

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.