Ichor Holdings, Ltd. (NASDAQ:ICHR) Short Interest Down 16.0% in March

Ichor Holdings, Ltd. (NASDAQ:ICHR) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 1,783,716 shares, a decline of 16.0% from the March 15th total of 2,124,299 shares. Currently, 5.2% of the company’s shares are short sold. Based on an average trading volume of 704,996 shares, the short-interest ratio is currently 2.5 days.

Ichor Trading Up 3.3%

NASDAQ:ICHR opened at $65.75 on Friday. The company has a market cap of $2.28 billion, a P/E ratio of -42.69 and a beta of 1.67. Ichor has a twelve month low of $13.12 and a twelve month high of $66.79. The business has a 50 day moving average price of $48.74 and a two-hundred day moving average price of $30.86. The company has a quick ratio of 1.38, a current ratio of 3.16 and a debt-to-equity ratio of 0.18.

Insider Activity

In other Ichor news, CEO Philip Ryan Sr. Barros sold 21,000 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $46.63, for a total value of $979,230.00. Following the completion of the transaction, the chief executive officer directly owned 153,936 shares of the company’s stock, valued at approximately $7,178,035.68. The trade was a 12.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marc Haugen sold 19,875 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $49.71, for a total value of $987,986.25. Following the sale, the director directly owned 26,085 shares in the company, valued at approximately $1,296,685.35. This represents a 43.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 120,259 shares of company stock valued at $5,689,250. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ICHR. Linden Thomas Advisory Services LLC increased its stake in Ichor by 0.8% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,702 shares of the technology company’s stock valued at $934,000 after buying an additional 398 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Ichor by 64.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock worth $28,000 after buying an additional 590 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Ichor by 5.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock worth $244,000 after buying an additional 666 shares during the last quarter. AdvisorNet Financial Inc bought a new position in shares of Ichor in the 1st quarter valued at about $37,000. Finally, AQR Capital Management LLC grew its holdings in shares of Ichor by 0.6% in the 4th quarter. AQR Capital Management LLC now owns 134,194 shares of the technology company’s stock valued at $2,473,000 after acquiring an additional 817 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

Analyst Ratings Changes

ICHR has been the topic of a number of research reports. Wall Street Zen raised shares of Ichor from a “strong sell” rating to a “hold” rating in a research note on Sunday, February 15th. DA Davidson raised their price objective on shares of Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Craig Hallum reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Ichor in a research report on Wednesday, January 14th. Oppenheimer upped their target price on shares of Ichor from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 10th. Finally, Needham & Company LLC increased their target price on Ichor from $36.00 to $48.00 and gave the stock a “buy” rating in a report 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 issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $46.43.

Ichor Company Profile

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.