Ichor Holdings, Ltd. (NASDAQ:ICHR) Sees Significant Increase in Short Interest

Ichor Holdings, Ltd. (NASDAQ:ICHR) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 622,200 shares, a growth of 10.2% from the December 15th total of 564,400 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 240,500 shares, the days-to-cover ratio is presently 2.6 days.

Ichor Stock Performance

NASDAQ:ICHR traded down $1.11 during mid-day trading on Friday, hitting $30.84. The stock had a trading volume of 234,328 shares, compared to its average volume of 189,597. Ichor has a twelve month low of $26.40 and a twelve month high of $46.43. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -33.16 and a beta of 1.92. The company’s 50 day simple moving average is $32.18 and its 200 day simple moving average is $31.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64.

Ichor (NASDAQ:ICHR) last issued its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The business had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. During the same period last year, the business posted ($0.09) EPS. Ichor’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts forecast that Ichor will post -0.1 earnings per share for the current year.

Institutional Investors Weigh In On Ichor

Hedge funds have recently bought and sold shares of the company. Quarry LP lifted its position in Ichor by 99.5% during the second quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after acquiring an additional 433 shares during the last quarter. GAMMA Investing LLC lifted its position in Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after acquiring an additional 625 shares during the last quarter. Signaturefd LLC lifted its position in Ichor by 214.6% during the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after acquiring an additional 854 shares during the last quarter. CWM LLC lifted its position in Ichor by 134.9% during the third quarter. CWM LLC now owns 3,617 shares of the technology company’s stock worth $115,000 after acquiring an additional 2,077 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Ichor by 28.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after acquiring an additional 1,068 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on ICHR. B. Riley reissued a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. TD Cowen reduced their target price on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday. DA Davidson initiated coverage on Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 price objective on the stock. Oppenheimer assumed coverage on Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price target on the stock. Finally, Needham & Company LLC cut shares of Ichor from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ichor currently has a consensus rating of “Moderate Buy” and an average price target of $42.29.

Ichor Company 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.