Cohu, Inc. (NASDAQ:COHU) Short Interest Update

Cohu, Inc. (NASDAQ:COHU) saw a significant 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 company are sold short. Based on an average trading volume of 306,600 shares, the days-to-cover ratio is presently 6.2 days.

Analysts Set New Price Targets

A number of analysts have commented on COHU shares. 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 Cohu from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. TD Cowen reduced their price target on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Craig Hallum upgraded 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 equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Cohu presently has an average rating of “Hold” and a consensus target price of $31.50.

Institutional Trading of Cohu

Institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. boosted its stake in Cohu by 49.2% during the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 535 shares during the last quarter. KBC Group NV boosted its stake 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 last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Cohu during the fourth quarter valued at approximately $120,000. Sheets Smith Wealth Management bought a new position in Cohu during the fourth quarter valued at approximately $205,000. Finally, US Bancorp DE boosted its stake in Cohu by 59.7% during the third quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock valued at $227,000 after buying an additional 3,297 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Stock Performance

NASDAQ:COHU opened at $22.47 on Tuesday. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. Cohu has a 12-month low of $21.60 and a 12-month high of $36.60. The stock has a 50-day moving average price of $25.69 and a 200 day moving average price of $26.01.

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.