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

Ichor Holdings, Ltd. (NASDAQ:ICHR) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 868,500 shares, a growth of 21.7% from the January 31st total of 713,700 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average daily trading volume, of 288,800 shares, the days-to-cover ratio is presently 3.0 days.

Ichor Stock Performance

Shares of ICHR opened at $29.25 on Friday. The company’s 50 day simple moving average is $30.89 and its 200-day simple moving average is $30.59. The firm has a market cap of $994.59 million, a PE ratio of -45.00 and a beta of 1.91. Ichor has a 12-month low of $25.95 and a 12-month high of $44.54. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. As a group, equities analysts predict that Ichor will post 1.01 EPS for the current year.

Insider Activity

In other news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the sale, the director now directly owns 9,832 shares of the company’s stock, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Ichor

Hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its stake in shares of Ichor by 1.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock worth $694,000 after purchasing an additional 373 shares during the last quarter. Victory Capital Management Inc. raised its position in Ichor by 1.1% during the 4th quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company’s stock worth $1,422,000 after buying an additional 467 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Ichor by 12.6% in the 4th quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company’s stock worth $195,000 after acquiring an additional 675 shares during the period. Quarry LP increased its stake in shares of Ichor by 80.4% during the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after acquiring an additional 698 shares during the period. Finally, Swiss National Bank raised its holdings in Ichor by 1.4% during the fourth quarter. Swiss National Bank now owns 66,200 shares of the technology company’s stock worth $2,133,000 after purchasing an additional 900 shares in the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ICHR. Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a report on Wednesday, February 5th. TD Cowen decreased their target price on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, StockNews.com downgraded shares of Ichor from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

About Ichor

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.