Ichor Holdings, Ltd. (NASDAQ:ICHR) Short Interest Update

Ichor Holdings, Ltd. (NASDAQ:ICHR) was the recipient of a significant growth in short interest during the month of 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. Based on an average trading volume of 240,500 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.9% of the company’s shares are short sold.

Ichor Trading Down 3.5 %

Shares of ICHR stock traded down $1.11 during trading hours on Friday, hitting $30.84. 234,328 shares of the company were exchanged, compared to its average volume of 189,597. Ichor has a one year low of $26.40 and a one year high of $46.43. The business’s 50-day simple moving average is $32.18 and its two-hundred day simple moving average is $31.64. 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 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $211.14 million during the quarter, compared to analyst estimates of $203.24 million. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) EPS. On average, equities research analysts forecast that Ichor will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in Ichor by 157.9% during the third quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock worth $10,823,000 after acquiring an additional 208,328 shares during the period. State Street Corp raised its position in shares of Ichor by 1.8% during the 3rd quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock worth $39,207,000 after purchasing an additional 21,804 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Ichor by 65.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,904 shares of the technology company’s stock worth $1,746,000 after purchasing an additional 21,810 shares during the last quarter. Foundry Partners LLC acquired a new stake in Ichor in the third quarter worth $3,107,000. Finally, Mutual of America Capital Management LLC lifted its stake in Ichor by 50.1% in the third quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company’s stock valued at $3,865,000 after buying an additional 40,575 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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