Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 1,270,000 shares, an increase of 21.0% from the April 30th total of 1,050,000 shares. Based on an average daily trading volume, of 407,600 shares, the days-to-cover ratio is currently 3.1 days. Approximately 3.8% of the company's shares are sold short.
Insider Activity at Ichor
In other Ichor news, CEO Jeff Andreson bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average price of $16.86 per share, for a total transaction of $168,600.00. Following the transaction, the chief executive officer now directly owns 285,594 shares in the company, valued at approximately $4,815,114.84. This trade represents a 3.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by company insiders.
Institutional Investors Weigh In On Ichor
A number of large investors have recently added to or reduced their stakes in ICHR. Janney Montgomery Scott LLC boosted its stake in shares of Ichor by 1.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company's stock valued at $694,000 after purchasing an additional 373 shares during the period. Victory Capital Management Inc. raised its holdings in Ichor by 1.1% in the fourth quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company's stock worth $1,422,000 after purchasing an additional 467 shares in the last quarter. Cerity Partners LLC grew its holdings in Ichor by 5.9% in the first quarter. Cerity Partners LLC now owns 9,521 shares of the technology company's stock worth $215,000 after purchasing an additional 533 shares during the period. Meeder Asset Management Inc. increased its position in Ichor by 12.6% during the 4th quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company's stock valued at $195,000 after buying an additional 675 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Ichor by 0.9% in the first quarter. Rhumbline Advisers now owns 99,149 shares of the technology company's stock worth $2,242,000 after buying an additional 839 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company's stock.
Analyst Ratings Changes
ICHR has been the subject of several research reports. Needham & Company LLC restated a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. Stifel Nicolaus decreased their price objective on Ichor from $35.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. DA Davidson lowered their target price on Ichor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen downgraded shares of Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Finally, Oppenheimer cut their price target on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Ichor presently has an average rating of "Hold" and an average price target of $34.00.
Read Our Latest Stock Analysis on ICHR
Ichor Stock Performance
Shares of ICHR traded up $0.47 during mid-day trading on Friday, hitting $18.04. The stock had a trading volume of 352,280 shares, compared to its average volume of 334,022. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49. The firm has a market cap of $615.52 million, a P/E ratio of -27.75 and a beta of 1.76. Ichor has a 52 week low of $15.33 and a 52 week high of $42.70. The business has a fifty day moving average price of $18.16 and a 200-day moving average price of $26.20.
Ichor (NASDAQ:ICHR - Get Free Report) last posted its earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). The business had revenue of $244.47 million during the quarter, compared to analysts' expectations of $244.95 million. Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. Ichor's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.09) EPS. On average, equities research analysts expect that Ichor will post 1.01 EPS for the current year.
About Ichor
(
Get Free Report)
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.
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