Ichor Holdings Ltd (NASDAQ:ICHR) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 5,799,174 shares, a growth of 123.7% from the January 31st total of 2,592,527 shares. Based on an average daily volume of 2,556,031 shares, the days-to-cover ratio is presently 2.3 days. Currently, 27.2% of the company’s stock are sold short.
In other Ichor news, Director Iain Mackenzie sold 4,690 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $26.10, for a total value of $122,409.00. Following the transaction, the director now directly owns 4,690 shares of the company’s stock, valued at $122,409. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $26.37, for a total value of $940,090.50. Following the completion of the transaction, the insider now directly owns 32,090 shares in the company, valued at $846,213.30. The disclosure for this sale can be found here. Insiders sold 57,640 shares of company stock worth $1,518,874 over the last three months. 5.80% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of ICHR. SG Americas Securities LLC acquired a new position in Ichor in the third quarter worth about $107,000. Hershey Trust Co. acquired a new position in Ichor in the fourth quarter worth about $111,000. The Manufacturers Life Insurance Company acquired a new position in Ichor in the second quarter worth about $180,000. Royal Bank of Canada grew its stake in Ichor by 38.2% in the second quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock worth $189,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Toronto Dominion Bank acquired a new position in Ichor in the fourth quarter worth about $197,000. Institutional investors and hedge funds own 62.90% of the company’s stock.
Shares of Ichor (ICHR) opened at $25.84 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 2.03. The firm has a market capitalization of $669.05 and a PE ratio of 12.92. Ichor has a 52 week low of $16.82 and a 52 week high of $35.51.
Ichor (NASDAQ:ICHR) last announced its earnings results on Wednesday, February 7th. The technology company reported $0.68 earnings per share for the quarter, meeting the consensus estimate of $0.68. The company had revenue of $182.94 million during the quarter, compared to the consensus estimate of $183.06 million. Ichor had a return on equity of 35.84% and a net margin of 7.83%. sell-side analysts predict that Ichor will post 3.51 EPS for the current fiscal year.
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Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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