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

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

Analyst Upgrades and Downgrades

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

Ichor Stock Performance

Ichor stock opened at $29.25 on Friday. Ichor has a fifty-two week low of $25.95 and a fifty-two week high of $44.54. The company has a market capitalization of $994.59 million, a price-to-earnings ratio of -45.00 and a beta of 1.91. The stock has a fifty day moving average of $30.89 and a two-hundred day moving average of $30.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34.

Ichor (NASDAQ:ICHR) last announced its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. On average, analysts anticipate that Ichor will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at Ichor

In other news, Director Jorge Titinger sold 3,000 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the transaction, the director now owns 9,832 shares in the company, valued at $315,017.28. This trade represents a 23.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Ichor

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Ichor by 157.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock worth $10,823,000 after purchasing an additional 208,328 shares during the period. State Street Corp increased its stake in Ichor by 1.8% in the third quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock valued at $39,207,000 after purchasing an additional 21,804 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Ichor by 65.9% during the third 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 buying an additional 21,810 shares during the period. Foundry Partners LLC acquired a new stake in Ichor in the 3rd quarter worth about $3,107,000. Finally, Mutual of America Capital Management LLC grew its holdings in Ichor by 50.1% in the 3rd 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 period. Institutional investors and hedge funds own 94.81% of the company’s stock.

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.