Rice Hall James & Associates LLC Trims Stake in Ichor Holdings, Ltd. $ICHR

Rice Hall James & Associates LLC cut its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 24.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,402 shares of the technology company’s stock after selling 50,995 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Ichor were worth $7,197,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ICHR. Lombard Odier Asset Management Europe Ltd acquired a new position in Ichor during the first quarter worth approximately $2,684,000. Gabelli Funds LLC acquired a new stake in shares of Ichor in the first quarter valued at approximately $979,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Ichor in the first quarter valued at approximately $219,000. Sei Investments Co. grew its position in shares of Ichor by 61.7% during the first quarter. Sei Investments Co. now owns 113,531 shares of the technology company’s stock worth $5,292,000 after acquiring an additional 43,320 shares during the last quarter. Finally, State of Wyoming increased its holdings in shares of Ichor by 100.4% in the 1st quarter. State of Wyoming now owns 6,482 shares of the technology company’s stock valued at $302,000 after acquiring an additional 3,248 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Insider Activity at Ichor

In other news, Director Laura A. Black sold 20,000 shares of Ichor stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $75.02, for a total value of $1,500,400.00. Following the sale, the director owned 20,462 shares of the company’s stock, valued at $1,535,059.24. The trade was a 49.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Greg Swyt sold 19,662 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $70.42, for a total transaction of $1,384,598.04. Following the transaction, the chief financial officer owned 60,971 shares in the company, valued at approximately $4,293,577.82. This trade represents a 24.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 79,447 shares of company stock worth $5,678,621 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ICHR. Stifel Nicolaus upped their price target on shares of Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. TD Cowen lifted their price objective on shares of Ichor from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Oppenheimer increased their target price on shares of Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. Finally, B. Riley Financial increased their target price on shares of Ichor from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ichor currently has a consensus rating of “Moderate Buy” and an average price target of $82.29.

Ichor Price Performance

Ichor stock opened at $86.55 on Friday. Ichor Holdings, Ltd. has a 12 month low of $13.12 and a 12 month high of $113.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.82 and a quick ratio of 1.21. The business has a 50 day simple moving average of $84.93 and a 200-day simple moving average of $60.55. The stock has a market capitalization of $3.02 billion, a PE ratio of -58.48 and a beta of 1.78.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Monday, May 4th. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. Ichor had a negative return on equity of 1.10% and a negative net margin of 5.28%.The firm had revenue of $256.07 million during the quarter, compared to the consensus estimate of $251.32 million. During the same period last year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities analysts predict that Ichor Holdings, Ltd. will post 0.97 earnings per share for the current year.

Ichor Profile

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.