Short Interest in Cohu, Inc. (NASDAQ:COHU) Grows By 12.2%

Cohu, Inc. (NASDAQ:COHU) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 952,600 shares, a growth of 12.2% from the August 15th total of 849,300 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 363,200 shares, the short-interest ratio is presently 2.6 days.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on COHU. Needham & Company LLC cut their price target on Cohu from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. StockNews.com lowered Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Finally, Citigroup cut Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Cohu presently has a consensus rating of “Hold” and an average price target of $35.00.

Cohu Stock Up 0.9 %

Shares of COHU stock opened at $24.95 on Wednesday. Cohu has a 12-month low of $22.80 and a 12-month high of $36.60. The company has a quick ratio of 5.09, a current ratio of 6.95 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $28.07 and a 200-day moving average of $30.21. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -499.00 and a beta of 1.53.

Cohu (NASDAQ:COHU) last released its earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. The firm had revenue of $104.70 million for the quarter, compared to the consensus estimate of $105.00 million. As a group, equities research analysts predict that Cohu will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cohu

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Cohu by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company’s stock worth $143,422,000 after acquiring an additional 137,475 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Cohu by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,161,347 shares of the semiconductor company’s stock valued at $104,638,000 after purchasing an additional 51,640 shares in the last quarter. Franklin Resources Inc. increased its stake in Cohu by 8.4% in the 4th quarter. Franklin Resources Inc. now owns 2,782,650 shares of the semiconductor company’s stock valued at $98,478,000 after buying an additional 215,153 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Cohu by 54.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 905,309 shares of the semiconductor company’s stock valued at $29,966,000 after buying an additional 320,234 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its position in Cohu by 7.2% during the 1st quarter. TimesSquare Capital Management LLC now owns 746,680 shares of the semiconductor company’s stock worth $24,887,000 after buying an additional 49,892 shares in the last quarter. Institutional investors and hedge funds 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.