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 31st, the total number of shares with short interest reached 622,200, marking a rise of 10.2% from the 564,400 shares reported on December 15th. This represents approximately 1.9% of the company's total shares being short sold. Based on the average daily trading volume of 240,500 shares, the short-interest ratio currently stands at 2.6 days.

Ichor Stock Trends

On a recent trading day, Ichor shares fell by 3.5%, dropping $1.11 to trade at $30.84. During this trading session, 234,328 shares changed hands, surpassing the stock’s typical trading volume of 189,597. Over the past year, Ichor's stock reached a low of $26.40 and a peak of $46.43. The company’s 50-day simple moving average is situated at $32.18, while the 200-day simple moving average is $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 Overview

Ichor recently reported its quarterly earnings on November 4th. The technology firm posted an earnings per share (EPS) of $0.12, surpassing analysts’ expectations which were set at $0.11. The company generated revenue amounting to $211.14 million for the quarter, exceeding the predicted revenue of $203.24 million. However, Ichor recorded a negative return on equity of 2.14% along with a negative net margin of 3.51%. Year-over-year, the company’s revenue exhibited a growth of 7.3%. In the same quarter last year, Ichor reported an EPS of ($0.09). Looking ahead, equity research analysts estimate that Ichor will report an EPS of -0.1 for the current fiscal year.

Recent Institutional Activity

Several large institutional investors have adjusted their stakes in Ichor recently. For instance, JPMorgan Chase & Co. increased its shareholding in Ichor by a remarkable 157.9% during the third quarter, now owning 340,247 shares valued at approximately $10,823,000 after acquiring an additional 208,328 shares. Similarly, State Street Corp raised its position by 1.8%, now holding 1,232,532 shares valued at about $39,207,000 after buying an extra 21,804 shares. UBS Asset Management also significantly boosted its holdings by 65.9%, owning 54,904 shares worth $1,746,000 after acquiring 21,810 more shares. Foundry Partners LLC and Mutual of America Capital Management LLC also expanded their positions in Ichor, demonstrating strong institutional interest, which now encompasses 94.81% of the company's stock.

Analyst Ratings and Opinions

Equities analysts have offered various opinions on Ichor’s stock in recent weeks. DA Davidson recently initiated coverage on Ichor with a “buy” rating and targeted a price of $50.00. On the other hand, TD Cowen revised their price target for Ichor down from $40.00 to $38.00 while maintaining a “buy” rating. Needham & Company LLC shifted its stance from a “buy” to a “hold” rating on January 13th. Oppenheimer also commenced coverage, giving Ichor a “market perform” rating with a price target of $35.00. Meanwhile, B. Riley reaffirmed its “buy” rating and lifted its price target on Ichor from $36.00 to $38.00. Overall, analysts currently exhibit mixed sentiments: three have rated it as a hold, four as a buy, and one as a strong buy. The average rating from analysts on MarketBeat is ‘Moderate Buy’ with a consensus price target of $42.29.

Understanding Ichor Holdings

Ichor Holdings, Ltd. is involved in the design, engineering, and manufacturing of fluid delivery subsystems and components primarily for semiconductor capital equipment. Operating both in the United States and internationally, Ichor specializes in providing gas and chemical delivery systems essential for semiconductor device manufacturing.

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