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

Key Points

• Cohu, Inc. experienced a substantial increase in short interest, rising by 124.8% to a total of 2,810,000 shares as of September 30, representing 6.2% of the company's total shares.
• Institutional ownership of Cohu is high, with institutions owning 94.67% of the company; multiple hedge funds have increased their stakes during the third quarter.
• The stock recently dropped by 2.5%, with a current market cap of $1.01 billion and a consensus rating of "Hold" from analysts, with a target price of $27.17.

Cohu, Inc. (NASDAQ:COHU - Get Free Report) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 2,810,000 shares, an increase of 124.8% from the September 15th total of 1,250,000 shares. Currently, 6.2% of the shares of the company are sold short. Based on an average daily volume of 613,000 shares, the days-to-cover ratio is presently 4.6 days. Based on an average daily volume of 613,000 shares, the days-to-cover ratio is presently 4.6 days. Currently, 6.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sheets Smith Wealth Management bought a new position in Cohu during the third quarter worth about $292,000. Azarias Capital Management L.P. lifted its stake in Cohu by 21.1% during the third quarter. Azarias Capital Management L.P. now owns 285,648 shares of the semiconductor company's stock worth $5,807,000 after purchasing an additional 49,837 shares during the period. Inspire Investing LLC lifted its stake in Cohu by 11.1% during the third quarter. Inspire Investing LLC now owns 22,441 shares of the semiconductor company's stock worth $456,000 after purchasing an additional 2,242 shares during the period. Wedge Capital Management L L P NC lifted its stake in Cohu by 20.4% during the third quarter. Wedge Capital Management L L P NC now owns 128,963 shares of the semiconductor company's stock worth $2,622,000 after purchasing an additional 21,818 shares during the period. Finally, Heritage Family Offices LLP bought a new position in Cohu during the third quarter worth about $217,000. Institutional investors own 94.67% of the company's stock.

Cohu Stock Down 2.5%

NASDAQ COHU opened at $21.72 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.51 and a current ratio of 4.88. The firm has a 50-day simple moving average of $20.65 and a 200 day simple moving average of $18.75. Cohu has a twelve month low of $12.57 and a twelve month high of $29.42. The stock has a market cap of $1.01 billion, a PE ratio of -11.61 and a beta of 1.36.

Cohu (NASDAQ:COHU - Get Free Report) last released its earnings results on Thursday, July 31st. The semiconductor company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. Cohu had a negative net margin of 22.11% and a negative return on equity of 3.74%. The business had revenue of $107.68 million during the quarter, compared to analysts' expectations of $106.00 million. During the same quarter last year, the company earned ($0.01) earnings per share. The firm's revenue was up 2.9% on a year-over-year basis. Cohu has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Cohu will post -0.36 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cohu in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $27.17.

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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