Ichor Holdings, Ltd. $ICHR Stock Holdings Lowered by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lowered its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 19.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 306,461 shares of the technology company’s stock after selling 72,931 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Ichor were worth $18,958,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in Ichor by 100.0% in the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock worth $28,000 after buying an additional 126 shares during the last quarter. Allworth Financial LP boosted its stake in Ichor by 125.1% during the second quarter. Allworth Financial LP now owns 421 shares of the technology company’s stock worth $47,000 after buying an additional 234 shares during the period. GAMMA Investing LLC boosted its stake in Ichor by 11.5% during the third quarter. GAMMA Investing LLC now owns 2,565 shares of the technology company’s stock worth $159,000 after buying an additional 264 shares during the period. Integrated Wealth Concepts LLC bought a new position in Ichor during the second quarter valued at $45,000. Finally, Nisa Investment Advisors LLC increased its position 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 during the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ICHR shares. Freedom Broker started coverage on shares of Ichor in a research note on Friday, October 9th. They issued a “buy” rating and a $82.00 target price on the stock. Wall Street Zen raised shares of Ichor from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson raised shares of Ichor to a “strong-buy” rating in a research note on Monday, October 5th. Zacks Research downgraded shares of Ichor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, B. Riley Financial cut their price target on shares of Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.89.

Insider Activity at Ichor

In other news, COO Bruce Ragsdale sold 10,587 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $51.93, for a total transaction of $549,782.91. Following the transaction, the chief operating officer directly owned 92,324 shares of the company’s stock, valued at approximately $4,794,385.32. This trade represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Barros, Jr. sold 1,314 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $61.88, for a total transaction of $81,310.32. Following the transaction, the chief executive officer directly 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 SEC filing for this sale provides additional information. 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. Insiders have sold 46,740 shares of company stock valued at $2,602,960 over the last 90 days. 1.70% of the stock is currently owned by insiders.

Ichor Trading Down 3.8%

NASDAQ ICHR opened at $42.23 on Wednesday. The company’s 50-day moving average price is $57.14 and its 200-day moving average price is $69.59. The company has a current ratio of 3.70, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market cap of $1.58 billion, a PE ratio of -36.09 and a beta of 1.79. Ichor Holdings, Ltd. has a 12 month low of $14.06 and a 12 month high of $113.58.

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

About Ichor

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.