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

Ichor Holdings, Ltd. (NASDAQ:ICHR) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 1,030,000 shares, a growth of 7.4% from the June 15th total of 959,100 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average daily trading volume, of 302,000 shares, the short-interest ratio is presently 3.4 days.

Insider Activity

In other Ichor news, CEO Jeff Andreson sold 21,400 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $38.74, for a total value of $829,036.00. Following the completion of the transaction, the chief executive officer now directly owns 282,141 shares of the company’s stock, valued at approximately $10,930,142.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Ichor

Several institutional investors and hedge funds have recently bought and sold shares of ICHR. Texas Permanent School Fund Corp raised its holdings in shares of Ichor by 1.5% during the first quarter. Texas Permanent School Fund Corp now owns 25,761 shares of the technology company’s stock worth $995,000 after acquiring an additional 381 shares in the last quarter. CWM LLC raised its stake in shares of Ichor by 87.1% during the 4th quarter. CWM LLC now owns 1,100 shares of the technology company’s stock worth $37,000 after purchasing an additional 512 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Ichor by 39.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock valued at $102,000 after buying an additional 854 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of Ichor by 10.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 10,839 shares of the technology company’s stock valued at $418,000 after buying an additional 1,002 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Ichor by 8.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,117 shares of the technology company’s stock valued at $441,000 after buying an additional 1,023 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ichor Trading Down 4.5 %

Ichor stock traded down $1.72 during midday trading on Thursday, reaching $36.55. The stock had a trading volume of 192,615 shares, compared to its average volume of 308,438. Ichor has a twelve month low of $22.26 and a twelve month high of $46.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.16 and a quick ratio of 1.78. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -21.76 and a beta of 1.94. The firm’s fifty day simple moving average is $38.57 and its two-hundred day simple moving average is $38.55.

Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, May 7th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The business had revenue of $201.38 million during the quarter, compared to analysts’ expectations of $200.00 million. Ichor had a negative net margin of 6.61% and a negative return on equity of 2.93%. Equities analysts anticipate that Ichor will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ICHR has been the topic of several analyst reports. Stifel Nicolaus raised their price target on shares of Ichor from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Craig Hallum reduced their price target on Ichor from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Needham & Company LLC reissued a “hold” rating and set a $42.00 price target on shares of Ichor in a report on Wednesday, May 8th. TD Cowen upped their price objective on shares of Ichor from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, B. Riley upgraded shares of Ichor from a “neutral” rating to a “buy” rating and increased their target price for the company from $40.00 to $48.00 in a research report on Friday, April 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.60.

About Ichor

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.