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

Ichor Holdings, Ltd. (NASDAQ:ICHR) experienced a noteworthy increase in short interest throughout December. By the end of the month on December 31st, the total short interest reached 622,200 shares, representing a 10.2% increase from the prior total of 564,400 shares recorded on December 15th. This means that approximately 1.9% of the company's total shares are currently short sold. Given the average daily trading volume of 240,500 shares, the ratio of days to cover the short interest stands at 2.6 days.

Ichor Trading Performance

On Friday, Ichor's shares declined by 3.5%, dropping $1.11 to reach a trading price of $30.84. During this session, a total of 234,328 shares exchanged hands, which is higher than the company's average trading volume of 189,597. Over the past year, Ichor has hit a low of $26.40 and a high of $46.43. The company’s 50-day moving average sits at $32.18, while the two-hundred-day average is $31.64. Financial metrics indicate a debt-to-equity ratio of 0.18, a quick ratio of 1.69, and a current ratio of 3.64.

Ichor reported its earnings for the most recent quarter on November 4th. The company posted an earnings per share (EPS) of $0.12, which surpassed analyst expectations of $0.11 by a small margin. Revenue for the quarter amounted to $211.14 million, exceeding the forecasted $203.24 million. However, Ichor reported a negative return on equity of 2.14% and a negative net margin of 3.51%. Notably, revenue rose by 7.3% compared to the same period last year. In the prior year’s quarter, the company had an EPS of -$0.09. Analysts predict that Ichor will have an EPS of -0.1 for the current year.

Investments in Ichor

Several large investors have adjusted their positions in Ichor recently. In the third quarter, JPMorgan Chase & Co. increased its shareholding by 157.9%. The firm now owns 340,247 shares, valued at approximately $10,823,000, following the acquisition of an additional 208,328 shares. Similarly, State Street Corp enhanced its position by 1.8%, now holding 1,232,532 shares worth around $39,207,000 after boosting its stake by 21,804 shares. Another notable investor, UBS Asset Management, increased its holdings by 65.9%, acquiring 54,904 shares, bringing its total to 54,904 shares valued at $1,746,000. Foundry Partners LLC also entered a new investment in Ichor worth $3,107,000, while Mutual of America Capital Management LLC raised its stake by 50.1%, now owning 121,500 shares valued at $3,865,000. Overall, institutional investors currently hold 94.81% of Ichor's stock.

Analyst Opinions on Ichor

Recent commentary from equity analysts regarding Ichor stocks has varied. DA Davidson began coverage on September 26th, issuing a "buy" rating with a price target of $50.00. TD Cowen adjusted their price target down from $40.00 to $38.00 but maintained a "buy" rating. Conversely, Needham & Company LLC downgraded Ichor from "buy" to "hold" on January 13th. Oppenheimer also initiated coverage on September 25th, rating the stock as "market perform" with a $35.00 price target. Additionally, B. Riley reaffirmed a "buy" rating but raised its price target from $36.00 to $38.00. According to MarketBeat, the current consensus rating for the stock includes three hold ratings, four buy ratings, and one strong buy rating, resulting in an average rating of "Moderate Buy" with a consensus price target of $42.29.

Ichor Company Overview

Ichor Holdings, Ltd. is involved in the design, engineering, and manufacture of fluid delivery subsystems and components used in semiconductor capital equipment. The company operates both within the United States and internationally, providing gas and chemical delivery systems that are integral to semiconductor manufacturing.

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