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

Cohu, Inc. (NASDAQ:COHU) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,570,000 shares, a decrease 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 trading volume of 321,400 shares, the short-interest ratio is currently 4.9 days.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on COHU. Needham & Company LLC restated a “hold” rating on shares of Cohu in a report on Friday. The Goldman Sachs Group cut their price target on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a report on Friday, November 1st. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, November 1st. B. Riley decreased their price target on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday. Finally, TD Cowen cut their price objective on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.57.

Institutional Trading of Cohu

Hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Cohu by 12.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,308 shares of the semiconductor company’s stock worth $2,465,000 after purchasing an additional 9,941 shares in the last quarter. Vident Advisory LLC increased its position in shares of Cohu by 5.3% during the 4th quarter. Vident Advisory LLC now owns 18,450 shares of the semiconductor company’s stock valued at $493,000 after purchasing an additional 933 shares during the period. Two Sigma Investments LP raised its stake in shares of Cohu by 218.5% in the 4th quarter. Two Sigma Investments LP now owns 54,538 shares of the semiconductor company’s stock worth $1,456,000 after buying an additional 37,414 shares in the last quarter. State of Wyoming acquired a new stake in shares of Cohu in the fourth quarter valued at $267,000. Finally, Systematic Financial Management LP boosted its stake in Cohu by 4.2% during the fourth quarter. Systematic Financial Management LP now owns 922,106 shares of the semiconductor company’s stock valued at $24,620,000 after buying an additional 36,759 shares in the last quarter. Institutional investors own 94.67% of the company’s stock.

Cohu Stock Down 1.6 %

COHU traded down $0.35 during trading on Monday, hitting $21.12. The company had a trading volume of 976,146 shares, compared to its average volume of 354,178. The company has a market cap of $984.40 million, a PE ratio of -19.56 and a beta of 1.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. Cohu has a 1-year low of $19.52 and a 1-year high of $36.60. The business has a 50-day moving average of $24.74 and a 200-day moving average of $25.33.

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

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.