Elevation Point Wealth Partners LLC Invests $269,000 in Ichor Holdings, Ltd. $ICHR

Elevation Point Wealth Partners LLC acquired a new position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) during the 1st quarter, Holdings Channel.com reports. The firm acquired 5,777 shares of the technology company’s stock, valued at approximately $269,000.

A number of other hedge funds have also recently added to or reduced their stakes in ICHR. Royal Bank of Canada increased its stake in Ichor by 27.7% during the first quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock valued at $224,000 after purchasing an additional 2,146 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ichor by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock valued at $444,000 after buying an additional 865 shares during the period. Jane Street Group LLC grew its position in shares of Ichor by 286.0% during the 1st quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock valued at $1,205,000 after buying an additional 39,476 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of Ichor by 75.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 24,100 shares of the technology company’s stock valued at $473,000 after buying an additional 10,400 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in Ichor by 243.1% during the second quarter. Federated Hermes Inc. now owns 107,629 shares of the technology company’s stock worth $2,114,000 after acquiring an additional 76,257 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Stock Up 4.0%

Ichor stock opened at $100.30 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. Ichor Holdings, Ltd. has a one year low of $13.12 and a one year high of $113.58. The company has a 50-day simple moving average of $81.40 and a 200-day simple moving average of $55.57. The firm has a market capitalization of $3.50 billion, a P/E ratio of -67.77 and a beta of 1.78.

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

Insider Buying and Selling

In other news, Director Laura A. Black sold 20,000 shares of Ichor stock in a transaction that occurred 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 sale, the director 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Marc Haugen sold 5,337 shares of Ichor stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $75.63, for a total value of $403,637.31. Following the sale, the director directly owned 10,825 shares in the company, valued at approximately $818,694.75. This trade represents a 33.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 79,447 shares of company stock valued at $5,678,621 in the last ninety days. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ICHR. B. Riley Financial raised their target price on shares of Ichor from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Stifel Nicolaus upped their target price on Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. Needham & Company LLC raised their price target on Ichor from $48.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Zacks Research raised Ichor from a “hold” rating to a “strong-buy” rating in a report on Friday, July 3rd. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.29.

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.