Ichor Holdings, Ltd. (NASDAQ:ICHR) Short Interest Down 16.7% in April

Ichor Holdings, Ltd. (NASDAQ:ICHR) saw a significant drop in short interest in April. As of April 15th, there was short interest totaling 1,486,671 shares, a drop of 16.7% from the March 31st total of 1,783,716 shares. Currently, 4.4% of the shares of the stock are short sold. Based on an average trading volume of 665,514 shares, the short-interest ratio is currently 2.2 days.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ICHR shares. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a report on Friday, March 27th. Needham & Company LLC lifted their price objective on shares of Ichor from $36.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. DA Davidson lifted their price objective on shares of Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Craig Hallum reissued a “buy” rating and issued a $36.00 price objective on shares of Ichor in a research note on Wednesday, January 14th. Finally, TD Cowen reissued a “buy” rating on shares of Ichor in a research note on Tuesday, February 10th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.43.

Ichor Price Performance

Shares of Ichor stock opened at $65.97 on Friday. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -42.84 and a beta of 1.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 3.16. The stock has a 50 day moving average price of $52.61 and a 200-day moving average price of $33.72. Ichor has a one year low of $13.12 and a one year high of $72.87.

Insider Buying and Selling at Ichor

In other Ichor news, Director Marc Haugen sold 19,875 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $49.71, for a total transaction of $987,986.25. Following the completion of the transaction, the director owned 26,085 shares in the company, valued at $1,296,685.35. This trade represents a 43.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Philip Ryan Sr. Barros sold 21,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $46.63, for a total value of $979,230.00. Following the transaction, the chief executive officer owned 153,936 shares of the company’s stock, valued at $7,178,035.68. This represents a 12.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 120,259 shares of company stock worth $5,689,250 over the last three months. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ichor

A number of institutional investors and hedge funds have recently modified their holdings of ICHR. Invesco Ltd. boosted its holdings in shares of Ichor by 141.2% in the 4th quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after purchasing an additional 1,770,425 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Ichor by 497.2% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,698,239 shares of the technology company’s stock worth $29,753,000 after purchasing an additional 1,413,870 shares during the period. Millennium Management LLC boosted its stake in shares of Ichor by 1,710.7% during the 3rd quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock worth $14,980,000 after purchasing an additional 807,792 shares during the period. Royce & Associates LP boosted its stake in shares of Ichor by 48.5% during the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock worth $26,707,000 after purchasing an additional 473,440 shares during the period. Finally, J. Goldman & Co LP purchased a new position in shares of Ichor during the 4th quarter worth about $6,663,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

About Ichor

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.