Short Interest in Cohu, Inc. (NASDAQ:COHU) Increases By 8.0%

Cohu, Inc. (NASDAQ:COHU - Get Free Report) was the recipient of 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. Approximately 4.2% of the shares of the stock are short sold. Based on an average trading volume of 306,600 shares, the days-to-cover ratio is currently 6.2 days.

Cohu Trading Down 5.0 %

COHU traded down $1.14 during trading on Friday, reaching $21.79. 341,346 shares of the company's stock were exchanged, compared to its average volume of 349,046. The company's fifty day moving average price is $25.53 and its 200-day moving average price is $25.91. The firm has a market capitalization of $1.02 billion, a PE ratio of -20.15 and a beta of 1.45. Cohu has a fifty-two week low of $21.60 and a fifty-two week high of $36.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38.

Institutional Investors Weigh In On Cohu

A number of institutional investors have recently made changes to their positions in COHU. 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 buying an additional 224,022 shares during the last quarter. Franklin Resources Inc. raised its position in shares of 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 during the period. Thrivent Financial for Lutherans boosted its stake in Cohu by 11.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,462,410 shares of the semiconductor company's stock worth $37,584,000 after acquiring an additional 152,574 shares during the last quarter. Royce & Associates LP grew its holdings in Cohu by 21.4% during 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 during the period. Finally, Geode Capital Management LLC increased its stake in Cohu by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,114,394 shares of the semiconductor company's stock valued at $28,645,000 after purchasing an additional 9,563 shares in the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on COHU shares. TD Cowen dropped their target price on shares of Cohu from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Craig Hallum upgraded shares of 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. Needham & Company LLC lowered Cohu from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group dropped their target price on Cohu from $26.00 to $23.00 and set a "sell" rating for the company in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $31.50.

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.