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

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

Insider Activity

In related news, Director Jorge Titinger sold 3,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.04, for a total transaction of $96,120.00. Following the transaction, the director now owns 9,832 shares in the company, valued at $315,017.28. This represents a 23.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by company insiders.

Institutional Trading of Ichor

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP grew its stake in Ichor by 80.4% in the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock valued at $50,000 after purchasing an additional 698 shares during the last quarter. KBC Group NV increased its position in shares of Ichor by 83.5% in the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after acquiring an additional 949 shares during the period. Globeflex Capital L P acquired a new stake in shares of Ichor during the fourth quarter worth about $93,000. Tower Research Capital LLC TRC increased its stake in shares of Ichor by 52.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock worth $147,000 after acquiring an additional 1,578 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ichor by 28.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock valued at $153,000 after buying an additional 1,068 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Ichor Stock Performance

ICHR traded down $0.89 during trading on Thursday, hitting $27.91. The company’s stock had a trading volume of 272,627 shares, compared to its average volume of 328,826. Ichor has a one year low of $25.95 and a one year high of $45.21. The business’s 50 day simple moving average is $31.01 and its 200-day simple moving average is $30.62. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The firm has a market cap of $949.02 million, a PE ratio of -42.94 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) 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%. As a group, sell-side analysts predict that Ichor will post 1.01 EPS 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.