Connor Clark & Lunn Investment Management Ltd. Has $824,000 Position in Ichor Holdings, Ltd. $ICHR

Connor Clark & Lunn Investment Management Ltd. lessened its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 36.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 41,941 shares of the technology company’s stock after selling 24,354 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Ichor were worth $824,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Ichor by 95.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,619 shares of the technology company’s stock valued at $32,000 after acquiring an additional 789 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Ichor by 1,060.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company’s stock valued at $34,000 after purchasing an additional 1,602 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Ichor during the second quarter valued at approximately $37,000. CWM LLC raised its stake in shares of Ichor by 105.6% in the second quarter. CWM LLC now owns 4,532 shares of the technology company’s stock valued at $89,000 after purchasing an additional 2,328 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Ichor by 99,483.3% in the second quarter. Farther Finance Advisors LLC now owns 5,975 shares of the technology company’s stock worth $117,000 after purchasing an additional 5,969 shares during the period. 94.81% of the stock is currently owned by institutional investors.

Insider Transactions at Ichor

In other Ichor news, Director Iain Mackenzie acquired 10,000 shares of Ichor stock in a transaction on Monday, November 17th. The shares were bought at an average price of $14.53 per share, with a total value of $145,300.00. Following the completion of the purchase, the director owned 130,011 shares in the company, valued at $1,889,059.83. This trade represents a 8.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ICHR shares. Wall Street Zen lowered shares of Ichor from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. TD Cowen lowered their target price on shares of Ichor from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. DA Davidson cut their price target on shares of Ichor from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Oppenheimer raised Ichor from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $21.00 to $25.00 in a report on Wednesday, November 12th. Finally, B. Riley cut Ichor from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a report on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ichor presently has a consensus rating of “Hold” and a consensus price target of $23.20.

Ichor Price Performance

NASDAQ:ICHR opened at $14.54 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 3.08 and a debt-to-equity ratio of 0.17. The firm has a market cap of $499.89 million, a PE ratio of -12.12 and a beta of 1.95. Ichor Holdings, Ltd. has a 12 month low of $13.12 and a 12 month high of $36.48. The company’s 50-day moving average price is $18.89 and its two-hundred day moving average price is $18.80.

Ichor (NASDAQ:ICHR) last posted its earnings results on Monday, November 3rd. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The firm had revenue of $239.30 million during the quarter, compared to the consensus estimate of $235.14 million. Ichor had a negative net margin of 4.26% and a negative return on equity of 0.96%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. Ichor has set its Q4 2025 guidance at -0.140-0.020 EPS. On average, equities analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Ichor Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.