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

Ichor Holdings, Ltd. (NASDAQ:ICHR) experienced a notable rise in short interest during December. As of December 31st, the total short interest reached 622,200 shares, reflecting a 10.2% increase from the 564,400 shares reported on December 15th. Currently, about 1.9% of Ichor's shares are sold short. With an average daily trading volume of 240,500 shares, the short-interest ratio is calculated to be 2.6 days.

Recent Trading Activity

On a recent trading day, Ichor stock declined by 3.5%, falling $1.11 to reach $30.84. During this trading session, 234,328 shares changed hands, which is higher than its average volume of 189,597 shares. Over the past year, Ichor's stock has fluctuated between a low of $26.40 and a high of $46.43. The company's 50-day simple moving average stands at $32.18, while the 200-day moving average is at $31.64. Additionally, Ichor has a debt-to-equity ratio of 0.18, a quick ratio of 1.69, and a current ratio of 3.64.

Earnings Report Insights

Ichor Holdings recently reported its earnings results on November 4th. The company reported an earnings per share (EPS) of $0.12 for the quarter, slightly exceeding the consensus estimate of $0.11 by $0.01. For the quarter, Ichor recorded revenue of $211.14 million, surpassing analysts’ predictions of $203.24 million. Despite these results, the company reported a negative return on equity of 2.14% and a net margin of -3.51%. The revenue showed a year-over-year increase of 7.3%. In the same quarter last year, the EPS was ($0.09). Analysts project an EPS of -0.10 for the current fiscal year.

Changes in Institutional Holdings

Several large institutional investors have recently adjusted their positions in Ichor. For instance, JPMorgan Chase & Co. increased its holdings by 157.9% during the third quarter, obtaining 340,247 shares valued at $10,823,000 after acquiring an additional 208,328 shares. Similarly, State Street Corp raised its position by 1.8% and now owns 1,232,532 shares worth $39,207,000 after acquiring 21,804 shares. Meanwhile, UBS Asset Management significantly boosted its holdings by 65.9%, owning 54,904 shares valued at $1,746,000 following a purchase of 21,810 shares. Additionally, Foundry Partners LLC took a new stake in the company valued at $3,107,000 during the third quarter. Mutual of America Capital Management also increased its stake by 50.1%, holding 121,500 shares worth approximately $3,865,000. Currently, institutional investors own about 94.81% of Ichor’s stock.

Analyst Ratings and Outlook

In terms of analyst opinions, several analysts have recently reviewed Ichor shares. DA Davidson initiated coverage with a "buy" rating and a price target of $50.00. In contrast, TD Cowen lowered their price target from $40.00 to $38.00 while maintaining a "buy" rating. Needham & Company downgraded Ichor from a "buy" to a "hold" rating in mid-January. Furthermore, Oppenheimer began coverage with a "market perform" rating and a price target of $35.00. B. Riley reaffirmed a "buy" rating, raising the price target from $36.00 to $38.00. Overall, data from various analysts indicate that there are three hold ratings, four buy ratings, and one strong buy rating for Ichor, leading to an average rating of "Moderate Buy" with a consensus price target of $42.29.

About Ichor Holdings

Company Overview

Ichor Holdings, Ltd. is involved in designing, engineering, and manufacturing fluid delivery subsystems and components for semiconductor capital equipment within the United States and internationally. The company primarily produces gas and chemical delivery systems and subsystems that are critical in the manufacturing of semiconductor devices.

Ichor, ShortInterest, Analysts, Investors, Earnings