Cohu, Inc. (NASDAQ:COHU) Sees Significant Growth in Short Interest

Cohu, Inc. (NASDAQ:COHUGet Free Report) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 1,900,000 shares, an increase of 8.0% from the December 15th total of 1,760,000 shares. Currently, 4.2% of the company’s stock are short sold. Based on an average trading volume of 306,600 shares, the short-interest ratio is presently 6.2 days.

Cohu Stock Performance

Shares of COHU traded up $0.16 during mid-day trading on Monday, hitting $24.40. The stock had a trading volume of 374,422 shares, compared to its average volume of 268,449. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.14 billion, a PE ratio of -22.59 and a beta of 1.47. Cohu has a fifty-two week low of $22.80 and a fifty-two week high of $36.60. The company’s fifty day simple moving average is $26.29 and its two-hundred day simple moving average is $26.87.

Cohu (NASDAQ:COHUGet Free Report) last issued its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The company had revenue of $95.30 million during the quarter, compared to analyst estimates of $95.75 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The business’s revenue was down 36.8% on a year-over-year basis. On average, equities analysts expect that Cohu will post -0.46 earnings per share for the current year.

Institutional Trading of Cohu

Several hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp raised its stake in shares of Cohu by 5.6% during the second quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock valued at $263,000 after purchasing an additional 419 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Cohu by 49.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 535 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in shares of Cohu by 3.2% in the third quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company’s stock valued at $944,000 after acquiring an additional 1,141 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Cohu by 5.5% during the second quarter. The Manufacturers Life Insurance Company now owns 24,002 shares of the semiconductor company’s stock valued at $794,000 after acquiring an additional 1,247 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in Cohu by 34.3% during the third quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock worth $255,000 after purchasing an additional 2,532 shares in the last quarter. Institutional investors own 94.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TD Cowen decreased their target price on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 1st. Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, November 1st. The Goldman Sachs Group decreased their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Finally, Needham & Company LLC cut Cohu from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Cohu presently has a consensus rating of “Hold” and a consensus price target of $31.50.

Get Our Latest Stock Analysis on COHU

Cohu Company Profile

(Get Free Report)

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.

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