Wellington Management Group LLP Increases Stake in Ichor Holdings, Ltd. $ICHR

Wellington Management Group LLP grew its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 54.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,108,844 shares of the technology company’s stock after buying an additional 390,017 shares during the quarter. Wellington Management Group LLP’s holdings in Ichor were worth $124,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc increased its holdings in shares of Ichor by 100.0% during the 2nd quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock valued at $28,000 after purchasing an additional 126 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Ichor by 64.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock worth $28,000 after buying an additional 590 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in 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 period. AdvisorNet Financial Inc acquired a new stake in Ichor during the first quarter valued at $37,000. Finally, AQR Capital Management LLC increased its holdings in Ichor by 0.6% in the fourth quarter. AQR Capital Management LLC now owns 134,194 shares of the technology company’s stock valued at $2,473,000 after buying an additional 817 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Price Performance

NASDAQ:ICHR opened at $51.76 on Wednesday. The stock has a 50 day moving average of $78.69 and a two-hundred day moving average of $67.46. Ichor Holdings, Ltd. has a 12 month low of $14.06 and a 12 month high of $113.58. The firm has a market cap of $1.94 billion, a P/E ratio of -44.24 and a beta of 1.82. The company has a current ratio of 3.70, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

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

Insider Transactions at Ichor

In other news, Director Iain Mackenzie sold 9,933 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $65.76, for a total value of $653,194.08. Following the completion of the sale, the director directly owned 122,427 shares in the company, valued at $8,050,799.52. This represents a 7.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Greg Swyt sold 6,820 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $66.81, for a total transaction of $455,644.20. Following the completion of the transaction, the chief financial officer directly owned 53,070 shares in the company, valued at approximately $3,545,606.70. This represents a 11.39% 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. Over the last quarter, insiders have sold 42,359 shares of company stock worth $2,701,885. Company insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ICHR. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research note on Wednesday, June 24th. Zacks Research raised Ichor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. B. Riley Financial lowered their price target on Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Stifel Nicolaus boosted their price objective on Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Needham & Company LLC upped their target price on Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ichor currently has an average rating of “Moderate Buy” and an average target price of $87.00.

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.