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

Ichor Holdings, Ltd. (NASDAQ:ICHR) experienced a notable increase in short interest throughout December. As of the end of the month on December 31st, the short interest totaled 622,200 shares, reflecting a rise of 10.2% from the previous total of 564,400 shares noted on December 15th. Currently, around 1.9% of the shares of the company are sold short. With an average daily trading volume of 240,500 shares, the calculated days-to-cover ratio stands at 2.6 days.

Ichor Shares Decline

During trading on Friday, Ichor's stock dropped by 3.5%, losing $1.11 to reach a value of $30.84. A total of 234,328 shares were exchanged during the session, which is above the company’s average trading volume of 189,597 shares. Over the past year, Ichor stock has seen a low of $26.40 and a high of $46.43. Its 50-day simple moving average is recorded at $32.18, while the 200-day simple moving average stands at $31.64. The company's balance sheet shows a debt-to-equity ratio of 0.18, a quick ratio of 1.69, and a current ratio of 3.64.

Ichor Holdings last reported its earnings on November 4th. For the most recent quarter, the technology firm achieved an earnings per share (EPS) of $0.12, exceeding the expected EPS of $0.11 by $0.01. The company's revenue for the quarter reached $211.14 million, surpassing analyst projections of $203.24 million. However, Ichor reported a negative return on equity of 2.14% along with a negative net margin of 3.51%. Year-over-year, the company’s revenue increased by 7.3%. In the same quarter of the previous year, Ichor had an EPS of ($0.09). Analysts forecast an EPS of -0.1 for the current year.

Institutional Holdings Activity

Several large investors have made adjustments to their stake in Ichor recently. JPMorgan Chase & Co. significantly increased its shareholding by 157.9% during the third quarter, now owning 340,247 shares valued at approximately $10.8 million following an acquisition of 208,328 additional shares. Similarly, State Street Corp raised its position by 1.8% during the same quarter, holding 1,232,532 shares worth around $39.2 million after acquiring 21,804 extra shares. UBS Asset Management, a distinct unit of UBS, also elevated its stake in Ichor by 65.9%, acquiring 21,810 shares to hold a total of 54,904 shares valued at $1.75 million. Foundry Partners LLC made a new investment in Ichor worth $3.1 million in the third quarter. Meanwhile, Mutual of America Capital Management enhanced its stake by 50.1%, now owning 121,500 shares valued at $3.87 million after a purchase of 40,575 shares. Currently, institutional investors hold 94.81% of Ichor's shares.

Stock Analyst Insights

Equity analysts have recently commented on Ichor's performance. DA Davidson began its coverage on Ichor on September 26th with a "buy" rating and a price target of $50.00. TD Cowen lowered its price objective from $40.00 to $38.00 while maintaining a "buy" rating for the stock. Needham & Company LLC changed its rating from "buy" to "hold" on January 13th. Oppenheimer issued a "market perform" rating with a price target of $35.00 on September 25th. Additionally, B. Riley reaffirmed a "buy" rating with an increased price objective of $38.00 in a report on November 5th. Currently, three analysts rate Ichor with a hold, four with a buy, and one with a strong buy rating. According to MarketBeat.com, the average rating is "Moderate Buy" with a consensus price target of $42.29.

Company Overview

Ichor Holdings Profile

Ichor Holdings, Ltd. specializes in the design, engineering, and manufacturing of fluid delivery subsystems and components aimed at semiconductor capital equipment, operating both domestically and internationally. Their primary products include gas and chemical delivery systems and subsystems critical for semiconductor manufacturing.

Ichor, Stocks, Earnings