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

Cohu, Inc. (NASDAQ:COHU) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,900,000 shares, an increase of 8.0% from the December 31st total of 1,760,000 shares. Based on an average daily volume of 306,600 shares, the short-interest ratio is presently 6.2 days. Currently, 4.2% of the shares of the company are sold short.

Cohu Price Performance

COHU stock traded up $0.23 during mid-day trading on Tuesday, hitting $22.70. 26,612 shares of the stock were exchanged, compared to its average volume of 351,597. The business has a fifty day moving average price of $25.69 and a 200 day moving average price of $26.01. Cohu has a 12 month low of $21.60 and a 12 month high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -21.05 and a beta of 1.45.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COHU. The Goldman Sachs Group reduced their price target on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Needham & Company LLC cut shares of Cohu from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. TD Cowen lowered their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $31.50.

Institutional Trading of Cohu

Hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in shares of Cohu by 49.2% in 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 during the period. KBC Group NV lifted 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 buying an additional 1,132 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Cohu during the fourth quarter worth about $120,000. Sheets Smith Wealth Management bought a new stake in Cohu in the fourth quarter worth $205,000. Finally, Mackenzie Financial Corp raised its holdings in Cohu by 5.6% in the second quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock worth $263,000 after buying an additional 419 shares during 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.