Tectonic Advisors LLC Makes New Investment in Ichor Holdings, Ltd. $ICHR

Tectonic Advisors LLC purchased a new position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,687 shares of the technology company’s stock, valued at approximately $847,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in Ichor by 54.3% in the second quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock valued at $124,501,000 after buying an additional 390,017 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Ichor by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 167,350 shares of the technology company’s stock worth $7,800,000 after acquiring an additional 3,494 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Ichor by 61.7% during the 1st quarter. Sei Investments Co. now owns 113,531 shares of the technology company’s stock worth $5,292,000 after acquiring an additional 43,320 shares in the last quarter. 1492 Capital Management LLC acquired a new stake in shares of Ichor during the 1st quarter valued at about $2,919,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Ichor during the 4th quarter valued at about $1,101,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Trading Up 0.2%

Shares of ICHR stock opened at $37.94 on Friday. The firm has a market capitalization of $1.42 billion, a P/E ratio of -32.43 and a beta of 1.79. Ichor Holdings, Ltd. has a fifty-two week low of $14.06 and a fifty-two week high of $113.58. The stock’s fifty day moving average is $55.30 and its two-hundred day moving average is $69.26. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 3.70.

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

Insider Buying and Selling

In other news, Director Iain MacKenzie sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $50.66, for a total transaction of $1,013,200.00. Following the transaction, the director owned 102,427 shares of the company’s stock, valued at approximately $5,188,951.82. The trade was a 16.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Bruce Ragsdale sold 2,149 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $65.47, for a total transaction of $140,695.03. Following the transaction, the chief operating officer directly owned 88,595 shares in the company, valued at approximately $5,800,314.65. The trade was a 2.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 46,740 shares of company stock valued at $2,602,960 over the last 90 days. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Needham & Company LLC lifted their price target on Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Freedom Broker initiated coverage on Ichor in a research report on Friday, October 9th. They set a “buy” rating and a $82.00 price target on the stock. Stifel Nicolaus raised their price objective on Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 10th. DA Davidson upgraded Ichor to a “strong-buy” rating in a research report on Monday, October 5th. Finally, TD Cowen reduced their target price on Ichor from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.89.

About Ichor

Ichor Holdings, Ltd. (NASDAQ: ICHR) is a supplier to the semiconductor equipment industry. The company designs, engineers and manufactures critical fluid-delivery subsystems used in semiconductor fabrication equipment, including systems that deliver and control gases and chemicals during the wafer-manufacturing process.

Ichor’s products and services include gas and chemical delivery systems, precision-machined components, weldments, fluid-management assemblies and related engineering and manufacturing services.