Short Interest in Cohu, Inc. (NASDAQ:COHU) Decreases By 7.6%

Cohu, Inc. (NASDAQ:COHU) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 1,570,000 shares, a drop of 7.6% from the January 15th total of 1,700,000 shares. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily volume of 321,400 shares, the short-interest ratio is currently 4.9 days.

Institutional Trading of Cohu

Institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Cohu by 1,225.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 1,287 shares during the period. Sterling Capital Management LLC raised its position in Cohu by 826.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 1,323 shares in the last quarter. First Horizon Advisors Inc. raised its position in Cohu by 49.2% during the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 535 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Cohu by 413.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 1,401 shares in the last quarter. Finally, KBC Group NV raised its position in Cohu by 75.7% during the fourth quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 1,132 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Cohu Stock Performance

COHU stock opened at $21.31 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The stock has a market cap of $993.03 million, a P/E ratio of -19.73 and a beta of 1.45. The firm has a 50 day simple moving average of $24.63 and a 200 day simple moving average of $25.30. Cohu has a 52 week low of $19.52 and a 52 week high of $36.60.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. Research analysts anticipate that Cohu will post -0.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on COHU shares. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research report on Friday, February 14th. B. Riley reduced their price objective on shares of Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 14th. TD Cowen reduced their price objective on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus decreased their target price on shares of Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, 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. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.57.

Cohu Company Profile

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.