Cohu, Inc. (NASDAQ:COHU) Sees Large Decrease in Short Interest

Cohu, Inc. (NASDAQ:COHU - Get Free Report) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,570,000 shares, a drop of 7.6% from the January 15th total of 1,700,000 shares. Approximately 3.5% of the company's shares are short sold. Based on an average trading volume of 321,400 shares, the days-to-cover ratio is currently 4.9 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of Cohu by 14.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company's stock worth $103,000 after purchasing an additional 486 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Cohu by 49.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 535 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cohu by 3.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,309 shares of the semiconductor company's stock worth $702,000 after purchasing an additional 837 shares during the last quarter. Vident Advisory LLC increased its stake in shares of Cohu by 5.3% during the 4th quarter. Vident Advisory LLC now owns 18,450 shares of the semiconductor company's stock worth $493,000 after purchasing an additional 933 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock worth $70,000 after purchasing an additional 1,132 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COHU has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their price target on shares of Cohu from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. B. Riley reduced their price target on shares of Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. The Goldman Sachs Group reduced their price target on shares of Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a research report on Friday, November 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of Cohu in a research report on Friday, February 14th. Finally, TD Cowen cut their price objective on shares of Cohu from $36.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $30.57.

Cohu Stock Down 2.0 %

COHU stock traded down $0.43 during midday trading on Friday, hitting $21.03. The company's stock had a trading volume of 335,115 shares, compared to its average volume of 390,353. 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 has a twelve month low of $19.52 and a twelve month high of $36.60. The company's fifty day moving average price is $24.40 and its 200 day moving average price is $25.24. The stock has a market capitalization of $980.29 million, a P/E ratio of -14.02 and a beta of 1.45.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. As a group, equities research analysts predict that Cohu will post -0.36 EPS for the current year.

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.