Pictet Asset Management Holding SA Takes Position in Ichor Holdings, Ltd. $ICHR

Pictet Asset Management Holding SA acquired a new position in Ichor Holdings, Ltd. (NASDAQ:ICHR) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,299 shares of the technology company’s stock, valued at approximately $247,000.

Several other hedge funds also recently added to or reduced their stakes in ICHR. Invesco Ltd. grew its position in Ichor by 141.2% during the 4th quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after purchasing an additional 1,770,425 shares during the period. Millennium Management LLC raised its position in Ichor by 1,710.7% during the third quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock valued at $14,980,000 after acquiring an additional 807,792 shares in the last quarter. Royce & Associates LP raised its position in Ichor by 48.5% during the fourth quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after acquiring an additional 473,440 shares in the last quarter. J. Goldman & Co LP acquired a new position in Ichor in the fourth quarter valued at approximately $6,663,000. Finally, Heartland Advisors Inc. acquired a new position in Ichor in the fourth quarter valued at approximately $5,529,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ICHR has been the topic of several recent research reports. Needham & Company LLC upped their price objective on Ichor from $48.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. TD Cowen boosted their target price on shares of Ichor from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Research upgraded shares of Ichor from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a report on Wednesday, June 24th. Finally, Stifel Nicolaus raised 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. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Ichor currently has an average rating of “Moderate Buy” and a consensus price target of $82.29.

Ichor Stock Performance

NASDAQ ICHR opened at $100.30 on Monday. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of -67.77 and a beta of 1.78. The stock has a 50-day moving average of $81.40 and a 200 day moving average of $55.83. The company has a current ratio of 2.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.17. Ichor Holdings, Ltd. has a twelve month low of $13.12 and a twelve month high of $113.58.

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

Insider Activity

In related news, Director Jorge Titinger sold 4,000 shares of Ichor stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $64.21, for a total value of $256,840.00. Following the sale, the director owned 12,318 shares of the company’s stock, valued at approximately $790,938.78. This trade represents a 24.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laura A. Black sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $75.02, for a total transaction of $1,500,400.00. Following the completion of the sale, the director directly owned 20,462 shares of the company’s stock, valued at approximately $1,535,059.24. The trade was a 49.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 79,447 shares of company stock worth $5,678,621. Insiders own 1.70% of the company’s stock.

Ichor Company 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.