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

Ichor Holdings, Ltd. (NASDAQ:ICHR) experienced a notable increase in short interest throughout December. As of December 31, the total short interest reached 622,200 shares, marking a rise of 10.2% from the December 15 total of 564,400 shares. Currently, about 1.9% of the company's shares are sold short. Given an average daily trading volume of 240,500 shares, the short-interest ratio stands at 2.6 days.

Ichor Stock Performance

On Friday, Ichor's stock traded down by 3.5%, falling $1.11 to $30.84. A total of 234,328 shares were traded, which is higher than the average volume of 189,597. The company's stock has seen a one-year low of $26.40 and a high of $46.43. Additionally, the 50-day simple moving average is $32.18, while the 200-day average is $31.64. Ichor's financial ratios include a debt-to-equity ratio of 0.18, a quick ratio of 1.69, and a current ratio of 3.64.

Recent Earnings Report

Ichor last published its earnings results on November 4. The company reported earnings per share (EPS) of $0.12 for the quarter, slightly exceeding the consensus estimate of $0.11 by one cent. Revenue for the quarter was $211.14 million, surpassing analyst projections of $203.24 million. Despite a negative return on equity of 2.14% and a negative net margin of 3.51%, revenue grew by 7.3% on a year-over-year basis. In comparison, the firm reported an EPS of ($0.09) during the same quarter last year. Analysts anticipate Ichor will post an EPS of -0.1 for the current year.

Investor Movements

Several major investors have adjusted their positions in Ichor recently. JPMorgan Chase & Co. increased its stake in Ichor by 157.9% during the third quarter, bringing its total to 340,247 shares valued at approximately $10.82 million after purchasing an additional 208,328 shares. Likewise, State Street Corp raised its stakes by 1.8%, owning 1,232,532 shares worth $39.21 million after adding 21,804 shares. Furthermore, UBS Asset Management Americas LLC increased its holdings by 65.9%, acquiring 54,904 shares valued at roughly $1.75 million. Other notable transactions included Foundry Partners LLC acquiring new shares valued at $3.11 million and Mutual of America Capital Management LLC raising its holdings by 50.1% to 121,500 shares valued at $3.87 million. Approximately 94.81% of Ichor's stock is now owned by institutional investors.

Analyst Ratings

Various analysts have shared their views on Ichor's stock recently. DA Davidson began coverage of Ichor on September 26 with a "buy" rating and a price target of $50.00. TD Cowen lowered its price target from $40.00 to $38.00 but maintained a "buy" rating. Meanwhile, Needham & Company LLC downgraded Ichor's shares from a "buy" rating to a "hold" rating on January 13. Oppenheimer initiated coverage with a "market perform" rating and a price target of $35.00. Additionally, B. Riley reissued a "buy" rating and raised its price target from $36.00 to $38.00. Currently, three analysts have rated Ichor with a hold rating, four have issued buy ratings, and one has a strong buy rating. The consensus rating for the stock is a "Moderate Buy" based on data collected from MarketBeat, with an average price target of $42.29.

About Ichor Holdings, Ltd.

Ichor Holdings, Ltd. specializes in the design, engineering, and manufacturing of fluid delivery subsystems and components used in semiconductor capital equipment on both domestic and international scales. The company primarily focuses on gas and chemical delivery systems and subsystems necessary for manufacturing semiconductor devices.

Ichor, Stock, Investors