Cohu, Inc. (NASDAQ:COHU – Get Free Report) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 1,900,000 shares, a growth of 8.0% from the December 31st total of 1,760,000 shares. Based on an average daily trading volume, of 306,600 shares, the short-interest ratio is presently 6.2 days. Approximately 4.2% of the shares of the stock are sold short.
Hedge Funds Weigh In On Cohu
Several large investors have recently made changes to their positions in the business. Leeward Investments LLC MA bought a new position in shares of Cohu during the 4th quarter worth about $7,076,000. Legacy Capital Group California Inc. acquired a new stake in Cohu during the fourth quarter worth about $232,000. Handelsbanken Fonder AB raised its holdings in Cohu by 12.0% in the 4th quarter. Handelsbanken Fonder AB now owns 14,900 shares of the semiconductor company’s stock valued at $398,000 after acquiring an additional 1,600 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Cohu in the fourth quarter valued at $120,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Cohu by 2.2% during the 4th quarter. Principal Financial Group Inc. now owns 226,031 shares of the semiconductor company’s stock worth $6,035,000 after acquiring an additional 4,920 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.
Cohu Stock Up 0.3 %
Shares of Cohu stock opened at $22.54 on Tuesday. Cohu has a 12-month low of $21.60 and a 12-month high of $36.60. The stock has a market capitalization of $1.05 billion, a P/E ratio of -20.97 and a beta of 1.45. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $25.69 and a two-hundred day moving average price of $26.01.
Analyst Ratings Changes
View Our Latest Analysis on Cohu
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.
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