Ichor Holdings, Ltd. (NASDAQ:ICHR) Short Interest Down 12.9% in September

Ichor Holdings, Ltd. (NASDAQ:ICHR) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 611,300 shares, a decrease of 12.9% from the September 15th total of 701,500 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 314,900 shares, the days-to-cover ratio is currently 1.9 days.

Ichor Stock Down 1.3 %

ICHR stock traded down $0.37 during mid-day trading on Wednesday, reaching $27.73. The company had a trading volume of 263,571 shares, compared to its average volume of 311,047. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91. The stock has a 50 day simple moving average of $29.66 and a two-hundred day simple moving average of $34.86. Ichor has a 52 week low of $22.26 and a 52 week high of $46.43. The company has a market capitalization of $928.26 million, a price-to-earnings ratio of -16.08 and a beta of 1.90.

Ichor (NASDAQ:ICHR) last announced its earnings results on Tuesday, August 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. The company had revenue of $203.23 million during the quarter, compared to analysts’ expectations of $197.75 million. As a group, equities analysts predict that Ichor will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Needham & Company LLC decreased their target price on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Oppenheimer started coverage on shares of Ichor in a research report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target on the stock. TD Cowen lowered their price objective on shares of Ichor from $48.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, DA Davidson started coverage on Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ichor has an average rating of “Moderate Buy” and a consensus target price of $43.29.

Institutional Investors Weigh In On Ichor

A number of hedge funds and other institutional investors have recently made changes to their positions in ICHR. Wellington Management Group LLP increased its stake in Ichor by 68.5% during the 4th quarter. Wellington Management Group LLP now owns 291,389 shares of the technology company’s stock worth $9,799,000 after acquiring an additional 118,498 shares during the period. Vanguard Group Inc. increased its position in shares of Ichor by 6.6% in the first quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock worth $109,743,000 after purchasing an additional 176,970 shares during the period. Mutual of America Capital Management LLC acquired a new position in Ichor in the first quarter valued at about $1,353,000. Epoch Investment Partners Inc. lifted its position in Ichor by 33.0% during the first quarter. Epoch Investment Partners Inc. now owns 265,246 shares of the technology company’s stock worth $10,244,000 after purchasing an additional 65,862 shares during the period. Finally, Swedbank AB acquired a new stake in Ichor during the first quarter worth about $67,106,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

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.