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

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Cohu from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 target price (up from $23.00) on shares of Cohu in a report on Thursday, January 16th. ValuEngine lowered shares of Cohu from a “buy” rating to a “hold” rating in a report on Saturday, December 21st. BidaskClub lowered shares of Cohu from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 1st. Finally, B. Riley reissued a “buy” rating and issued a $29.00 target price (up from $24.00) on shares of Cohu in a report on Monday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Cohu has an average rating of “Buy” and a consensus target price of $27.33.

A number of hedge funds and other institutional investors have recently bought and sold shares of COHU. Tower Research Capital LLC TRC boosted its stake in Cohu by 566.5% during the third quarter. Tower Research Capital LLC TRC now owns 6,318 shares of the semiconductor company’s stock worth $85,000 after buying an additional 5,370 shares during the period. Russell Investments Group Ltd. purchased a new position in Cohu during the third quarter worth $138,000. Advisors Preferred LLC purchased a new position in Cohu during the fourth quarter worth $182,000. SG Americas Securities LLC purchased a new position in Cohu during the fourth quarter worth $217,000. Finally, Rothschild Investment Corp IL purchased a new position in Cohu during the fourth quarter worth $219,000. 91.54% of the stock is owned by institutional investors.

Shares of COHU stock traded down $0.61 on Friday, reaching $23.71. The company’s stock had a trading volume of 253,406 shares, compared to its average volume of 287,874. 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 simple moving average is $23.72 and its 200-day simple moving average is $17.82. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -8.88 and a beta of 1.47. Cohu has a 1 year low of $11.37 and a 1 year high of $26.43.

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

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

Cohu Company Profile

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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