Ichor Holdings, Ltd. (NASDAQ:ICHR) Short Interest Down 7.2% in December

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 564,400 shares, a decrease of 7.2% from the November 30th total of 608,000 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average trading volume of 261,000 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors Weigh In On Ichor

A number of hedge funds and other institutional investors have recently modified their holdings of ICHR. Quarry LP increased its stake in Ichor by 99.5% in the 2nd quarter. Quarry LP now owns 868 shares of the technology company's stock valued at $33,000 after purchasing an additional 433 shares in the last quarter. GAMMA Investing LLC grew its holdings in Ichor by 136.2% in the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company's stock valued at $34,000 after purchasing an additional 625 shares during the last quarter. Signaturefd LLC increased its position in shares of Ichor by 214.6% in the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company's stock valued at $40,000 after buying an additional 854 shares in the last quarter. CWM LLC raised its stake in shares of Ichor by 134.9% during the 3rd quarter. CWM LLC now owns 3,617 shares of the technology company's stock worth $115,000 after buying an additional 2,077 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ichor by 28.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company's stock worth $153,000 after buying an additional 1,068 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ICHR has been the subject of several research reports. TD Cowen upped their price target on shares of Ichor from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. DA Davidson initiated coverage on shares of Ichor in a research note on Thursday, September 26th. They issued a "buy" rating and a $50.00 price objective on the stock. Oppenheimer initiated coverage on shares of Ichor in a research note on Wednesday, September 25th. They set a "market perform" rating and a $35.00 target price for the company. Finally, B. Riley restated a "buy" rating and issued a $38.00 price target (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.57.

Ichor Stock Performance

NASDAQ ICHR traded down $0.37 during trading hours on Monday, hitting $31.00. 139,444 shares of the stock were exchanged, compared to its average volume of 296,591. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -33.33 and a beta of 1.93. The stock has a 50-day moving average of $31.33 and a 200 day moving average of $32.13. Ichor has a 12-month low of $26.40 and a 12-month high of $46.43. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18.

Ichor (NASDAQ:ICHR - Get Free Report) last released its earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. Ichor's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) earnings per share. As a group, equities research analysts forecast that Ichor will post -0.1 earnings per share for the current year.

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.