() saw a notable decline in short interest during March. On March 31, there were 1,040,000 short shares, which is a 9.6% decrease from the total of 1,150,000 on March 15. The short-interest rate is currently 4.7 days based on an average daily share volume of 222100 shares. Short-selling is currently 2.3% of company stock.
Inflows of Institutional Capital and Outflows
Recently, several large investors increased or decreased their stakes in COHU. Romano Brothers AND Company acquired a new Cohu position during the fourth quarter, worth approximately $26,000. Quadrant Capital group LLC increased its holdings of Cohu during the third quarter by 166.8%. Quadrant Capital group LLC owns 1,134 of the semiconductor company stock, worth $29,000. This is after buying an additional 709 in the last quarter. Ronald Blue Trust Inc. acquired a new position worth approximately $35,000 in Cohu at the end of the fourth quarter. FMR LLC increased its holdings of Cohu by 209,1% during the second quarterly. FMR LLC owns now 1,391 shares worth $38,000 of the stock of the semiconductor company after buying an additional 941 in the last quarter. Lazard Asset Management LLC also purchased a position in Cohu for about $53,000 during the third-quarter. Several brokerages have recently commented on COHU. Craig Hallum downgraded Cohu shares from a "buy" rating to a "hold" rating in a report on Friday, the 17th. Needham & Company LLC raised their target price for shares of Cohu to $40.00 in a research report on Friday, Feb. 17th. They also gave the stock a buy' rating. In a research report published on Thursday 16th March, Cohu shares were covered. They gave the company a "buy" rating. Six investment analysts have given the company a buy or hold rating. One analyst gave the stock a sell. According to MarketBeat.com Cohu has a current consensus rating of "Moderate buy" and an average target price of $39.00.
Cohu Stock Performance
On Friday, the stock rose $0.35 to $35.45. The stock of the company traded 128,335 share compared to 212,007. The stock's moving average of 50 days is $36.41 while its moving average for two hundred days is $34.47. Cohu's 52-week low is $24.06 while its 52-week highest is $38.63. The company's debt-to equity ratio is 0.08; its current ratio is 4.75, and its quick ratio is 3.70. The market capitalization is $1.67 billion. It has a P/E of 17.81, and a beta value of 1.58.
The company last released its results on Thursday 16th February. The semiconductor company posted $0.63 per share for the third quarter, exceeding analysts' expectations of $0.54 cents by $0.09. Cohu's net margin was 11.92%, and its return on equity was 14.48%. Revenue for the quarter was $191.11m, which is higher than analysts' expectations of just $187.00m. Sell-side analysts predict that Cohu's earnings per share will be 1.68 for the current fiscal year.
Cohu, Inc is a provider of semiconductor back-end equipment and services. It provides test and handling equipment, interfaces, and services related to semiconductor and electronic manufacturing. The company was established in 1947 in Poway, CA.
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