Ichor Holdings, Ltd. (NASDAQ:ICHR) Short Interest Up 21.7% in February

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 868,500 shares, an increase of 21.7% from the January 31st total of 713,700 shares. Approximately 2.6% of the company's stock are sold short. Based on an average daily volume of 288,800 shares, the short-interest ratio is currently 3.0 days.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ICHR shares. StockNews.com lowered shares of Ichor from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. TD Cowen lowered their target price on shares of Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a report on Friday, January 17th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ichor has an average rating of "Moderate Buy" and an average price target of $42.29.

Ichor Stock Performance

Shares of ICHR stock traded down $2.25 during trading hours on Monday, hitting $27.01. The stock had a trading volume of 154,858 shares, compared to its average volume of 328,411. The stock's 50 day moving average is $30.89 and its 200 day moving average is $30.58. The firm has a market capitalization of $918.25 million, a PE ratio of -41.58 and a beta of 1.91. Ichor has a twelve month low of $25.95 and a twelve month high of $42.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49.

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Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. As a group, research analysts forecast that Ichor will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at Ichor

In other Ichor news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the sale, the director now directly owns 9,832 shares of the company's stock, valued at $315,017.28. The trade was a 23.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On Ichor

Several hedge funds have recently made changes to their positions in ICHR. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Ichor during the 4th quarter valued at approximately $1,474,000. Mackenzie Financial Corp acquired a new position in shares of Ichor in the fourth quarter valued at approximately $682,000. PharVision Advisers LLC purchased a new stake in shares of Ichor during the fourth quarter worth approximately $331,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Ichor by 19.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,633 shares of the technology company's stock worth $2,115,000 after purchasing an additional 10,729 shares during the period. Finally, Two Sigma Advisers LP grew its position in Ichor by 116.7% in the 4th quarter. Two Sigma Advisers LP now owns 19,500 shares of the technology company's stock valued at $628,000 after buying an additional 10,500 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.

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.