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

Cohu, Inc. (NASDAQ:COHU) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 2,000,000 shares, a growth of 10.5% from the January 15th total of 1,810,000 shares. Currently, 5.0% of the company’s stock are sold short. Based on an average daily volume of 283,800 shares, the short-interest ratio is presently 7.0 days.

Several equities analysts have issued reports on COHU shares. DA Davidson lifted their target price on Cohu from $3.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. ValuEngine lowered Cohu from a “buy” rating to a “hold” rating in a research note on Saturday, December 21st. BidaskClub lowered Cohu from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 1st. Zacks Investment Research upgraded Cohu from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Tuesday. Finally, B. Riley restated a “buy” rating and set a $29.00 price target (up previously from $24.00) on shares of Cohu in a research note on Monday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.33.

Hedge funds have recently modified their holdings of the company. First Trust Advisors LP purchased a new stake in shares of Cohu during the third quarter worth about $1,435,000. Advisors Preferred LLC purchased a new stake in shares of Cohu during the fourth quarter worth about $182,000. California State Teachers Retirement System grew its stake in shares of Cohu by 1.2% during the third quarter. California State Teachers Retirement System now owns 62,737 shares of the semiconductor company’s stock worth $847,000 after acquiring an additional 749 shares during the last quarter. Morgan Stanley grew its stake in shares of Cohu by 922.5% during the second quarter. Morgan Stanley now owns 180,046 shares of the semiconductor company’s stock worth $2,778,000 after acquiring an additional 162,438 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Cohu by 0.4% during the third quarter. State Street Corp now owns 1,311,724 shares of the semiconductor company’s stock worth $17,793,000 after acquiring an additional 4,883 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Shares of COHU stock traded down $0.61 during trading hours on Friday, reaching $23.71. 253,406 shares of the company’s stock were exchanged, compared to its average volume of 287,874. Cohu has a 1 year low of $11.37 and a 1 year high of $26.43. The stock has a market cap of $1.02 billion, a PE ratio of -8.88 and a beta of 1.47. The company has a current ratio of 3.10, a quick ratio of 2.14 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average price is $23.72 and its two-hundred day moving average price is $17.82.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Wednesday, February 12th. The semiconductor company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.04). Cohu had a positive return on equity of 0.35% and a negative net margin of 17.84%. The business had revenue of $142.01 million for the quarter, compared to analysts’ expectations of $138.65 million. On average, equities analysts expect that Cohu will post -0.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, February 24th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.01%. Cohu’s payout ratio is 19.35%.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.

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