Hsbc Holdings PLC Lowers Position in Ichor Holdings, Ltd. $ICHR

Hsbc Holdings PLC lessened its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 28.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,280 shares of the technology company’s stock after selling 17,000 shares during the period. Hsbc Holdings PLC’s holdings in Ichor were worth $1,930,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC increased its stake in Ichor by 0.8% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,702 shares of the technology company’s stock valued at $934,000 after purchasing an additional 398 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Ichor by 64.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after buying an additional 590 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Ichor by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock valued at $244,000 after buying an additional 666 shares during the last quarter. AdvisorNet Financial Inc bought a new stake in shares of Ichor during the first quarter valued at approximately $37,000. Finally, AQR Capital Management LLC increased its position in shares of Ichor by 0.6% during the fourth quarter. AQR Capital Management LLC now owns 134,194 shares of the technology company’s stock valued at $2,473,000 after acquiring an additional 817 shares in the last quarter. 94.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ICHR has been the topic of several analyst reports. TD Cowen upped their price objective on Ichor from $80.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Oppenheimer increased their target price on Ichor from $36.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a report on Wednesday, June 24th. B. Riley Financial boosted their price target on Ichor from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Needham & Company LLC upped their price target on Ichor from $48.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.29.

Insider Transactions at Ichor

In related news, CFO Greg Swyt sold 19,662 shares of the company’s stock in a transaction on 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 completion of the sale, the chief financial officer owned 60,971 shares in the company, valued at approximately $4,293,577.82. This represents a 24.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laura A. Black sold 20,000 shares of the company’s stock in a transaction on 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 approximately $1,535,059.24. This trade represents a 49.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 79,447 shares of company stock worth $5,678,621. Company insiders own 1.70% of the company’s stock.

Ichor Price Performance

ICHR opened at $86.55 on Monday. The company has a quick ratio of 1.21, a current ratio of 2.82 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $84.93 and a 200-day moving average price of $60.82. Ichor Holdings, Ltd. has a twelve month low of $13.12 and a twelve month high of $113.58. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of -58.48 and a beta of 1.78.

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

About Ichor

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.