Ichor Holdings, Ltd. (NASDAQ:ICHR) Short Interest Up 10.2% in December

Ichor Holdings, Ltd. (NASDAQ:ICHR) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 622,200 shares, a growth of 10.2% from the December 15th total of 564,400 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 240,500 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Investors Weigh In On Ichor

Several large investors have recently modified their holdings of ICHR. JPMorgan Chase & Co. raised its stake in Ichor by 157.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock valued at $10,823,000 after acquiring an additional 208,328 shares during the period. State Street Corp increased its stake in shares of Ichor by 1.8% in the third quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock worth $39,207,000 after purchasing an additional 21,804 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Ichor by 65.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,904 shares of the technology company’s stock valued at $1,746,000 after purchasing an additional 21,810 shares during the period. Foundry Partners LLC bought a new stake in shares of Ichor in the third quarter valued at approximately $3,107,000. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Ichor by 50.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company’s stock valued at $3,865,000 after buying an additional 40,575 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ICHR. DA Davidson started coverage on Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 price target for the company. B. Riley reiterated a “buy” rating and set a $38.00 price target (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Oppenheimer started coverage on Ichor in a research note on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price objective on the stock. TD Cowen reduced their target price on shares of Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday. Finally, Needham & Company LLC lowered shares of Ichor from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Ichor currently has an average rating of “Moderate Buy” and an average price target of $42.29.

Ichor Stock Down 3.5 %

Shares of NASDAQ:ICHR opened at $30.84 on Monday. Ichor has a 1 year low of $26.40 and a 1 year high of $46.43. The company has a market capitalization of $1.04 billion, a PE ratio of -33.16 and a beta of 1.92. The business has a fifty day moving average price of $32.18 and a two-hundred day moving average price of $31.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.64 and a quick ratio of 1.69.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $211.14 million for the quarter, compared to the consensus estimate of $203.24 million. During the same period in the previous year, the firm earned ($0.09) EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts forecast that Ichor will post -0.1 earnings per share for the current 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.