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

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 1,270,000 shares, a growth of 21.0% from the April 30th total of 1,050,000 shares. Approximately 3.8% of the company's stock are short sold. Based on an average daily trading volume, of 407,600 shares, the short-interest ratio is presently 3.1 days.

Ichor Stock Performance

Shares of Ichor stock traded down $0.07 on Thursday, reaching $17.57. 302,093 shares of the company were exchanged, compared to its average volume of 333,003. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. The company's 50-day moving average is $18.34 and its two-hundred day moving average is $26.37. The firm has a market cap of $599.49 million, a price-to-earnings ratio of -27.03 and a beta of 1.83. Ichor has a 1-year low of $15.33 and a 1-year high of $42.70.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.14). The company had revenue of $244.47 million for the quarter, compared to analyst estimates of $244.95 million. Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. The firm's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) earnings per share. As a group, research analysts expect that Ichor will post 1.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ICHR shares. Stifel Nicolaus reduced their price target on Ichor from $35.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. TD Cowen reduced their price target on Ichor from $38.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. DA Davidson reduced their price target on Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Wall Street Zen downgraded Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Finally, Oppenheimer cut their price objective on Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $34.00.

Insider Transactions at Ichor

In related news, CEO Jeff Andreson bought 10,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was bought at an average price of $16.86 per share, with a total value of $168,600.00. Following the completion of the transaction, the chief executive officer now directly owns 285,594 shares of the company's stock, valued at approximately $4,815,114.84. This represents a 3.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.90% of the company's stock.

Institutional Trading of Ichor

Large investors have recently added to or reduced their stakes in the business. KBC Group NV increased its position in shares of Ichor by 83.5% during the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company's stock valued at $67,000 after purchasing an additional 949 shares during the period. Quarry LP boosted its position in shares of Ichor by 54.9% in the fourth quarter. Quarry LP now owns 2,426 shares of the technology company's stock worth $78,000 after buying an additional 860 shares during the period. Globeflex Capital L P purchased a new stake in shares of Ichor during the fourth quarter worth $93,000. Tower Research Capital LLC TRC raised its holdings in shares of Ichor by 52.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock worth $147,000 after acquiring an additional 1,578 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Ichor during the fourth quarter worth $193,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

About Ichor

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.