Ichor Holdings (ICHR)

• Market cap: $1.01B
• 1 day: -0.40%
• 5 days: -7.57%
• 1 month: -4.18%
• 3 months: 8.40%
• 6 months: -19.44%
• Year to date: -10.59%
• 1 year: -4.73%
• 5 years: -12.02%
• 10 years: 205.02%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

About: Ichor Holdings Ltd is engaged in the design, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment. The product offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices. The company also manufactures machined components, weldments, and proprietary products for use in fluid delivery systems. Geographically, the company operates in the United States, the United Kingdom, Singapore, Malaysia, Korea, and Mexico, of which a majority of the revenue is generated from Singapore.

Employees: 2,245

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

52% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 23

24% more repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 59

7% more funds holding

Funds holding: 183 [Q2] → 195 (+12) [Q3]

5.43% less ownership

Funds ownership: 98.59% [Q2] → 93.17% (-5.43%) [Q3]

21% less capital invested

Capital invested by funds: $1.27B [Q2] → $999M (-$273M) [Q3]

29% less call options, than puts

Call options by funds: $884K | Put options by funds: $1.24M

100% less funds holding in top 10

Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $35 17% upside
• Avg. target: $41 37% upside
• High target: $50 68% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

TD Cowen Krish Sankar 42% 1-year accuracy 11 / 26 met price target	34% upside $40	Buy Maintained	5 Nov 2024
B. Riley Securities Craig Ellis 28% 1-year accuracy 17 / 60 met price target	28% upside $38	Buy Reiterated	5 Nov 2024
DA Davidson Thomas Diffely 22% 1-year accuracy 2 / 9 met price target	68% upside $50	Buy Initiated	26 Sept 2024
Oppenheimer Edward Yang 29% 1-year accuracy 2 / 7 met price target	17% upside $35	Perform Initiated	25 Sept 2024