Engineers Gate Manager LP Sells 39,848 Shares of Ichor Holdings, Ltd. $ICHR

Engineers Gate Manager LP trimmed its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 66.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,808 shares of the technology company’s stock after selling 39,848 shares during the quarter. Engineers Gate Manager LP’s holdings in Ichor were worth $2,224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ICHR. California State Teachers Retirement System grew its stake in Ichor by 10,835.2% in the 2nd quarter. California State Teachers Retirement System now owns 4,462,232 shares of the technology company’s stock valued at $501,019,000 after buying an additional 4,421,426 shares during the last quarter. Wellington Management Group LLP lifted its position in Ichor by 54.3% during the 2nd quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock worth $124,501,000 after acquiring an additional 390,017 shares during the last quarter. Royce & Associates LP lifted its position in Ichor by 48.5% during the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock worth $26,707,000 after acquiring an additional 473,440 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in Ichor by 20.9% during the fourth quarter. Kennedy Capital Management LLC now owns 892,524 shares of the technology company’s stock valued at $16,449,000 after acquiring an additional 154,404 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Ichor by 2.1% during the first quarter. Principal Financial Group Inc. now owns 167,350 shares of the technology company’s stock valued at $7,800,000 after acquiring an additional 3,494 shares during the period. 94.81% of the stock is owned by institutional investors.

Insider Activity at Ichor

In related news, COO Bruce Ragsdale sold 10,587 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was 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 in the company, valued at $4,794,385.32. The trade was a 10.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Iain MacKenzie sold 9,933 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 122,427 shares of the company’s stock, valued at approximately $8,050,799.52. This trade represents a 7.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 23,902 shares of company stock worth $1,404,273 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ICHR. Wall Street Zen downgraded Ichor from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. Needham & Company LLC increased their target price on Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Zacks Research raised Ichor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Finally, DA Davidson set a $85.00 price target on Ichor in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Ichor Price Performance

Shares of Ichor stock opened at $51.38 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07. Ichor Holdings, Ltd. has a fifty-two week low of $14.06 and a fifty-two week high of $113.58. The firm has a fifty day moving average price of $70.66 and a two-hundred day moving average price of $67.90. The company has a market cap of $1.92 billion, a PE ratio of -43.91 and a beta of 1.81.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share (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 analyst estimates of $300.17 million. During the same period last year, the business posted $0.03 EPS. The business’s quarterly revenue was up 22.7% on a year-over-year basis. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Analysts expect that Ichor Holdings, Ltd. will post 1.13 EPS for the current year.

Ichor Profile

Ichor Holdings, Ltd. (NASDAQ: ICHR) designs, manufactures and services critical fluid-delivery systems and components used in semiconductor manufacturing equipment. Its products help control and deliver gases and chemicals used in processes such as wafer fabrication, including deposition, etching and cleaning.

The company’s offerings include gas and chemical delivery modules, fluid-management systems, precision-machined components, weldments and related assemblies. Ichor also provides capabilities such as precision machining, welding, electropolishing, cleaning and component testing, allowing it to supply integrated subsystems to semiconductor capital-equipment manufacturers.

Founded in 1999 and headquartered in Fremont, California, Ichor serves a global customer base through engineering and manufacturing operations in North America, Europe and Asia.