Ichor Holdings, Ltd. (NASDAQ:ICHR) Short Interest Down 12.9% in September

by · The Cerbat Gem

Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 611,300 shares, a decrease of 12.9% from the September 15th total of 701,500 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily volume of 314,900 shares, the short-interest ratio is currently 1.9 days.

Hedge Funds Weigh In On Ichor

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP raised its holdings in shares of Ichor by 99.5% in the second quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after buying an additional 433 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Ichor by 136.2% during 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. CWM LLC increased its holdings in shares of Ichor by 50.5% in the second quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after purchasing an additional 517 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Ichor by 39.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock worth $102,000 after purchasing an additional 854 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in Ichor during the 1st quarter worth $225,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Price Performance

Shares of Ichor stock traded down $0.37 during mid-day trading on Wednesday, reaching $27.73. 263,571 shares of the stock were exchanged, compared to its average volume of 311,047. Ichor has a fifty-two week low of $22.26 and a fifty-two week high of $46.43. The company has a market cap of $928.26 million, a price-to-earnings ratio of -16.08 and a beta of 1.90. The firm has a 50-day simple moving average of $29.66 and a 200 day simple moving average of $34.86. The company has a current ratio of 4.27, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18.

Ichor (NASDAQ:ICHR – Get Free Report) last posted its earnings results on Tuesday, August 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The company had revenue of $203.23 million during the quarter, compared to analysts’ expectations of $197.75 million. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. On average, sell-side analysts predict that Ichor will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ICHR shares. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. TD Cowen reduced their price objective on Ichor from $48.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Oppenheimer assumed coverage on Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price for the company. Needham & Company LLC decreased their price target on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, DA Davidson began coverage on shares of Ichor in a research note on Thursday, September 26th. They issued a “buy” rating and a $50.00 price objective for the company. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $43.29.

View Our Latest Stock Analysis on ICHR

Ichor Company Profile

(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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