Ichor Holdings, Ltd. (NASDAQ:ICHR) Short Interest Down 7.5% in November

Ichor Holdings, Ltd. (NASDAQ:ICHR) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 608,000 shares, a drop of 7.5% from the November 15th total of 657,000 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily volume of 273,300 shares, the days-to-cover ratio is currently 2.2 days.

Analysts Set New Price Targets

A number of research analysts recently commented on ICHR shares. Oppenheimer began coverage on Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective on the stock. TD Cowen increased their price objective on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. DA Davidson initiated coverage on Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 price target for the company. Finally, B. Riley reissued a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ichor currently has a consensus rating of “Moderate Buy” and an average price target of $42.57.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ICHR. CWM LLC boosted its holdings in shares of Ichor by 50.5% during the second quarter. CWM LLC now owns 1,540 shares of the technology company’s stock worth $59,000 after purchasing an additional 517 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Ichor by 114.8% during the 2nd quarter. SG Americas Securities LLC now owns 9,358 shares of the technology company’s stock valued at $361,000 after acquiring an additional 5,002 shares during the last quarter. Summit Global Investments acquired a new position in shares of Ichor during the 2nd quarter valued at about $246,000. Louisiana State Employees Retirement System lifted its holdings in shares of Ichor by 15.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,800 shares of the technology company’s stock worth $648,000 after acquiring an additional 2,200 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Ichor by 11.4% in the second quarter. Bank of New York Mellon Corp now owns 248,346 shares of the technology company’s stock worth $9,574,000 after acquiring an additional 25,432 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Stock Performance

Shares of NASDAQ:ICHR traded up $0.19 during midday trading on Monday, hitting $32.54. The stock had a trading volume of 209,145 shares, compared to its average volume of 298,388. 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 50 day moving average price of $30.90 and a two-hundred day moving average price of $32.66. Ichor has a 1 year low of $26.40 and a 1 year high of $46.43. The company has a market capitalization of $1.10 billion, a PE ratio of -34.88 and a beta of 1.93.

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

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.