Ichor Holdings, Ltd. (NASDAQ:ICHR) Short Interest Down 16.7% in April

Key Points

• Short interest down 16.7% — short interest fell to 1,486,671 shares as of April 15 (down 16.7% from March 31), equal to 4.4% of shares short and a short-interest ratio of 2.2 days.
• Notable insider selling — Director Marc Haugen and CEO Philip Ryan Sr. Barros sold 19,875 and 21,000 shares respectively in February, with insiders selling 120,259 shares worth $5.69M in the last quarter (insiders own 1.70%).
• Analyst outlook — the consensus rating is a "Moderate Buy" (6 Buys, 2 Holds, 1 Sell) with a consensus price target of $46.43, even as the stock traded at $65.97 and several firms recently raised price targets.

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 1,486,671 shares, a decrease of 16.7% from the March 31st total of 1,783,716 shares. Based on an average daily trading volume, of 665,514 shares, the short-interest ratio is currently 2.2 days. Currently, 4.4% of the shares of the company are short sold.

Insider Buying and Selling at Ichor

In other Ichor news, Director Marc Haugen sold 19,875 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $49.71, for a total transaction of $987,986.25. Following the completion of the sale, the director directly owned 26,085 shares of the company's stock, valued at approximately $1,296,685.35. This represents a 43.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Philip Ryan Sr. Barros sold 21,000 shares of the company's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $46.63, for a total transaction of $979,230.00. Following the sale, the chief executive officer directly owned 153,936 shares of the company's stock, valued at approximately $7,178,035.68. This represents a 12.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 120,259 shares of company stock valued at $5,689,250 in the last quarter. Insiders own 1.70% of the company's stock.

Institutional Trading of Ichor

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC grew its stake in Ichor by 295.5% during the fourth quarter. SG Americas Securities LLC now owns 26,073 shares of the technology company's stock valued at $481,000 after acquiring an additional 19,481 shares in the last quarter. Quantbot Technologies LP grew its stake in Ichor by 229.7% during the third quarter. Quantbot Technologies LP now owns 107,999 shares of the technology company's stock valued at $1,892,000 after acquiring an additional 75,240 shares in the last quarter. Cambiar Investors LLC purchased a new position in Ichor during the fourth quarter valued at $1,595,000. Harvey Partners LLC purchased a new position in Ichor during the third quarter valued at $3,189,000. Finally, Farther Finance Advisors LLC grew its stake in Ichor by 1,272.0% during the fourth quarter. Farther Finance Advisors LLC now owns 20,868 shares of the technology company's stock valued at $385,000 after acquiring an additional 19,347 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ICHR shares. Weiss Ratings restated a "sell (d-)" rating on shares of Ichor in a research report on Friday, March 27th. Oppenheimer upped their price target on Ichor from $32.00 to $36.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 10th. DA Davidson upped their price target on Ichor from $30.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, February 11th. B. Riley Financial restated a "buy" rating on shares of Ichor in a research report on Monday, April 20th. Finally, Needham & Company LLC increased their price objective on shares of Ichor from $36.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, February 10th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.43.

Ichor Stock Performance

NASDAQ:ICHR opened at $65.97 on Friday. The company has a current ratio of 3.16, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. Ichor has a 12-month low of $13.12 and a 12-month high of $72.87. The stock has a 50-day moving average price of $52.61 and a 200 day moving average price of $33.72. The stock has a market capitalization of $2.29 billion, a P/E ratio of -42.84 and a beta of 1.67.

Ichor Company Profile

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.

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