Cohu, Inc. (NASDAQ:COHU) Short Interest Up 8.0% in December

Cohu, Inc. (NASDAQ:COHU) was the recipient of a large increase in short interest during the month of 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. Based on an average daily trading volume, of 306,600 shares, the short-interest ratio is currently 6.2 days. Approximately 4.2% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Cohu Stock Up 0.7 %

Shares of COHU stock 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 firm’s 50-day moving average is $26.29 and its two-hundred day moving average is $26.87. Cohu has a 12-month low of $22.80 and a 12-month high of $36.60. The firm has a market capitalization of $1.14 billion, a P/E ratio of -22.59 and a beta of 1.47. 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 (NASDAQ:COHU) last released its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The business 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 company earned $0.27 EPS. The firm’s revenue was down 36.8% compared to the same quarter last year. On average, analysts predict that Cohu will post -0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cohu

Several institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp lifted its holdings in Cohu by 5.6% in the 2nd 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. boosted its stake in Cohu by 49.2% during the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after buying an additional 535 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Cohu by 3.2% during the 3rd 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 during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Cohu by 5.5% in the second quarter. The Manufacturers Life Insurance Company now owns 24,002 shares of the semiconductor company’s stock valued at $794,000 after purchasing an additional 1,247 shares during the period. Finally, GSA Capital Partners LLP increased its position 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 during the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

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.