Cohu, Inc. (NASDAQ:COHU) Short Interest Update

Cohu, Inc. (NASDAQ:COHU) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,900,000 shares, a growth of 8.0% from the December 31st total of 1,760,000 shares. Approximately 4.2% of the company’s shares are short sold. Based on an average daily volume of 306,600 shares, the short-interest ratio is currently 6.2 days.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on COHU. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Friday, November 1st. The Goldman Sachs Group reduced their price target on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Needham & Company LLC downgraded Cohu from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, TD Cowen lowered their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Cohu presently has a consensus rating of “Hold” and an average target price of $31.50.

Cohu Stock Up 1.0 %

Shares of Cohu stock traded up $0.23 during trading on Tuesday, hitting $22.70. 26,612 shares of the stock traded hands, compared to its average volume of 351,597. Cohu has a 52-week low of $21.60 and a 52-week high of $36.60. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.06 billion, a P/E ratio of -21.05 and a beta of 1.45. The stock’s fifty day simple moving average is $25.69 and its 200 day simple moving average is $26.01.

Hedge Funds Weigh In On Cohu

Institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its stake in Cohu by 7.1% during the 3rd quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after buying an additional 224,022 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Cohu by 25.9% during the third quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company’s stock worth $82,134,000 after buying an additional 647,828 shares during the period. Thrivent Financial for Lutherans raised its stake in Cohu by 11.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,462,410 shares of the semiconductor company’s stock worth $37,584,000 after acquiring an additional 152,574 shares during the last quarter. Royce & Associates LP grew its stake in Cohu by 21.4% during the 3rd quarter. Royce & Associates LP now owns 1,126,789 shares of the semiconductor company’s stock valued at $28,958,000 after purchasing an additional 198,849 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Cohu by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,114,394 shares of the semiconductor company’s stock worth $28,645,000 after purchasing an additional 9,563 shares during the period. 94.67% of the stock is owned by hedge funds and other institutional investors.

About Cohu

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.