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

Ichor Holdings, Ltd. (NASDAQ:ICHR) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 657,000 shares, a decrease of 7.3% from the October 31st total of 709,100 shares. Based on an average daily volume of 270,200 shares, the short-interest ratio is currently 2.4 days. Approximately 2.0% of the company’s stock are sold short.

Ichor Stock Performance

NASDAQ:ICHR traded up $2.64 during mid-day trading on Monday, reaching $35.40. The company’s stock had a trading volume of 301,171 shares, compared to its average volume of 300,862. The firm’s fifty day moving average price is $30.34 and its two-hundred day moving average price is $32.99. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.19 billion, a P/E ratio of -38.06 and a beta of 1.91. Ichor has a 12-month low of $25.32 and a 12-month high of $46.43.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on ICHR shares. TD Cowen boosted their target price on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Needham & Company LLC decreased their target price on shares of Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. B. Riley reissued a “buy” rating and issued a $38.00 price target (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Oppenheimer began 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, DA Davidson began coverage on Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 price objective for the company. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.57.

Institutional Investors Weigh In On Ichor

Several hedge funds and other institutional investors have recently made changes to their positions in ICHR. Vanguard Group Inc. grew its position in Ichor by 6.6% during the first quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock valued at $109,743,000 after buying an additional 176,970 shares during the period. Millennium Management LLC bought a new position in Ichor in the 2nd quarter worth $6,382,000. Hood River Capital Management LLC lifted its position in Ichor by 15.8% during the second quarter. Hood River Capital Management LLC now owns 1,108,227 shares of the technology company’s stock valued at $42,722,000 after purchasing an additional 150,933 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Ichor by 322.6% during the second quarter. Renaissance Technologies LLC now owns 164,400 shares of the technology company’s stock valued at $6,338,000 after purchasing an additional 125,500 shares during the period. Finally, Royce & Associates LP increased its position in Ichor by 20.8% in the third quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock worth $22,870,000 after buying an additional 123,585 shares in the last quarter. Hedge funds and other institutional investors 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.