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

Cohu, Inc. (NASDAQ:COHU) saw a significant 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 shares of the 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 Up 0.3 %

NASDAQ:COHU opened at $22.54 on Tuesday. Cohu has a 1 year low of $21.60 and a 1 year 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 stock has a market cap of $1.05 billion, a price-to-earnings ratio of -20.97 and a beta of 1.45. The stock has a 50-day moving average price of $25.69 and a two-hundred day moving average price of $26.01.

Analyst Ratings Changes

A number of equities analysts have issued reports on COHU shares. Needham & Company LLC cut shares of Cohu from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. 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 research report on Friday, November 1st. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, November 1st. Finally, TD Cowen reduced their target price on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Two equities 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.50.

Institutional Investors Weigh In On Cohu

Several large investors have recently made changes to their positions in COHU. Franklin Resources Inc. lifted its stake in Cohu by 25.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company’s stock valued at $82,134,000 after acquiring an additional 647,828 shares in the last quarter. Lightrock Netherlands B.V. acquired a new stake in shares of Cohu in the fourth quarter valued at approximately $8,016,000. Leeward Investments LLC MA bought a new stake in shares of Cohu in the fourth quarter worth $7,076,000. Victory Capital Management Inc. boosted its holdings in Cohu by 7.1% during the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after purchasing an additional 224,022 shares during the last quarter. Finally, Royce & Associates LP grew its position in Cohu by 21.4% in the third 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 in the last quarter. Institutional investors own 94.67% of the company’s stock.

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.