Ichor Holdings Ltd (NASDAQ:ICHR) Short Interest Down 6.3% in July

Ichor Holdings Ltd (NASDAQ:ICHR) was the target of a large decline in short interest in July. As of July 31st, there was short interest totalling 3,161,200 shares, a decline of 6.3% from the June 30th total of 3,373,700 shares. Currently, 14.3% of the shares of the stock are short sold. Based on an average trading volume of 260,200 shares, the days-to-cover ratio is currently 12.1 days.

Shares of NASDAQ:ICHR traded up $0.82 during trading on Friday, hitting $21.40. 195,200 shares of the stock were exchanged, compared to its average volume of 315,474. The company has a fifty day moving average price of $23.87 and a two-hundred day moving average price of $22.88. The company has a market cap of $480.22 million, a PE ratio of 7.67 and a beta of 2.70. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.95. Ichor has a 12-month low of $14.23 and a 12-month high of $27.12.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Ichor had a return on equity of 12.97% and a net margin of 2.52%. The firm had revenue of $139.20 million for the quarter, compared to analysts’ expectations of $138.31 million. During the same period last year, the firm earned $1.02 EPS. Ichor’s revenue was down 44.1% compared to the same quarter last year. Equities research analysts anticipate that Ichor will post 0.9 earnings per share for the current fiscal year.



A number of hedge funds have recently bought and sold shares of ICHR. BlackRock Inc. raised its holdings in Ichor by 5.5% in the 2nd quarter. BlackRock Inc. now owns 3,453,464 shares of the technology company’s stock valued at $81,639,000 after acquiring an additional 180,814 shares during the last quarter. Kennedy Capital Management Inc. raised its holdings in Ichor by 4.6% in the 1st quarter. Kennedy Capital Management Inc. now owns 755,316 shares of the technology company’s stock valued at $17,055,000 after acquiring an additional 33,298 shares during the last quarter. Royce & Associates LP raised its holdings in Ichor by 21.1% in the 1st quarter. Royce & Associates LP now owns 646,924 shares of the technology company’s stock valued at $14,608,000 after acquiring an additional 112,532 shares during the last quarter. LSV Asset Management raised its holdings in Ichor by 170.7% in the 2nd quarter. LSV Asset Management now owns 513,858 shares of the technology company’s stock valued at $12,147,000 after acquiring an additional 324,058 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Ichor by 83.7% in the 2nd quarter. Wells Fargo & Company MN now owns 277,689 shares of the technology company’s stock valued at $6,565,000 after acquiring an additional 126,508 shares during the last quarter. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on ICHR shares. Northland Securities lowered Ichor from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $22.00 to $25.00 in a research note on Wednesday, May 8th. Stifel Nicolaus set a $31.00 price target on Ichor and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Cowen reissued an “outperform” rating and set a $26.00 price target (up previously from $24.00) on shares of Ichor in a research note on Wednesday, May 8th. BidaskClub lowered Ichor from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Finally, B. Riley started coverage on Ichor in a research note on Thursday, May 16th. They set a “buy” rating and a $32.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Ichor has a consensus rating of “Hold” and an average target price of $25.88.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.

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