Pinnacle Associates Ltd. Acquires 47,815 Shares of Ichor Holdings, Ltd. $ICHR

Pinnacle Associates Ltd. increased its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 12.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 446,787 shares of the technology company’s stock after buying an additional 47,815 shares during the period. Pinnacle Associates Ltd.’s holdings in Ichor were worth $8,234,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of Ichor during the second quarter worth $27,000. Danske Bank A S bought a new position in Ichor during the third quarter worth about $28,000. Tower Research Capital LLC TRC grew its position in shares of Ichor by 380.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the technology company’s stock worth $71,000 after buying an additional 2,870 shares during the period. SG Americas Securities LLC acquired a new position in shares of Ichor during the 3rd quarter worth about $115,000. Finally, Arizona State Retirement System bought a new stake in shares of Ichor in the 3rd quarter valued at about $176,000. Institutional investors own 94.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. DA Davidson lifted their price objective on shares of Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. TD Cowen upped their target price on shares of Ichor from $55.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Stifel Nicolaus set a $76.00 price target on shares of Ichor in a research report on Friday, May 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research report on Friday, March 27th. Finally, Wall Street Zen raised Ichor from a “strong sell” rating to a “hold” rating in a research note on Sunday, February 15th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.57.

Ichor Price Performance

NASDAQ ICHR opened at $74.51 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.21 and a current ratio of 2.82. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of -50.34 and a beta of 1.87. The business has a 50 day simple moving average of $56.39 and a 200 day simple moving average of $36.77. Ichor Holdings, Ltd. has a 52-week low of $13.12 and a 52-week high of $78.00.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results 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. The firm had revenue of $256.07 million for the quarter, compared to analyst estimates of $251.32 million. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. Analysts anticipate that Ichor Holdings, Ltd. will post 0.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ichor news, Director Marc Haugen sold 5,337 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $75.63, for a total transaction of $403,637.31. Following the completion of the transaction, the director owned 10,825 shares in the company, valued at approximately $818,694.75. This represents a 33.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Bruce Ragsdale sold 21,276 shares of Ichor stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $49.66, for a total value of $1,056,566.16. Following the completion of the sale, the chief operating officer directly owned 97,661 shares in the company, valued at $4,849,845.26. This represents a 17.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 81,611 shares of company stock worth $4,356,699 in the last ninety days. 1.70% of the stock is owned by insiders.

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.