Company shares last traded at $25.80 slightly over $23.56, the 50 day moving average and much higher than the 200 day moving average of $19.58. The 50 day moving average was up $2.24 whereas the 200 day average was up by +31.78%. Trading was heavy with 273K shares changing hands in the last trading session. Volume was up 47.80% over the stocks average daily volume.
Traders are a little more bearish on shares of the company lately if you take a look at the rise in short interest. The stock experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 2.92%. Short interest increased from 489,411 to 503,702 over that timeframe. Days to cover increased from 1.0 to 2.0 and the percentage of shorted shares is 0.02% as of October 13.
The following firms have recently changed their position in COHU. As of the end of the quarter Victory Capital Management Inc had acquired a total of 13,948 shares growing its stake by 19.8%. The value of the total investment in Cohu, Inc. increased from $1,109,000 to $2,011,000 a change of $902,000 since the last quarter. As of quarter end Nationwide Fund Advisors had sold 19,069 shares trimming its position 15.6%. The value of the investment in (COHU) went from $1,920,000 to $2,453,000 a change of 27.8% quarter over quarter.
Aperio Group, LLC bolstered its position by buying 6,807 shares an increase of 59.7% as of 09/30/2017. Aperio Group, LLC claims 18,202 shares worth $434,000. The total value of its holdings increased 142.5%. Simplex Trading, LLC trimmed its holdings by selling 2,771 shares a decrease of 30.9%. Simplex Trading, LLC now holds 6,188 shares with a value of $147,000. The value of the position overall is up by 4.3%.
On September 18 the company was rated “Buy” according to a Needham report which was a boost from the previous “Hold” rating.
The company is up since yesterday’s close of $25.80. The company also recently declared a dividend that was paid on Friday the 20th of October 2017. The dividend payment was $0.060 per share for the quarter which is $0.24 annualized. This dividend amount was represent a yield of $0.95. The ex-dividend date was set for Wednesday the 23rd of August 2017.
The company currently has a P/E ratio of 37.28 and market cap is 721.34M. In the latest earnings report the EPS was $0.69 and is projected to be $1.54 for the current year with 27,959,000 shares outstanding. Next quarter’s EPS is forecasted at $0.32 with next year’s EPS anticipated to be $1.71.
Cohu, Inc. (Cohu), launched on January 2, 1957, is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. The Company develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes (LEDs). It operates through semiconductor equipment segment. It offers products for the pick-and-place, gravity-feed, test-in-strip and turret handling, MEMS, burn-in and system-level test markets. It sells various products, including Delta MATRiX, Delta Pyramid, Delta Eclipse, Delta LinX, Rasco SO1000, Rasco SO2000, Rasco Saturn and Jupiter, Rasco Jaguar, Ismeca NY32, Ismeca NY20 and Delta Fusion HD. Its principal manufacturing operations are located in Malacca, Malaysia (handlers); Poway, California (thermal subsystems); Laguna, the Philippines (kits and contactors); Kolbermoor, Germany (handlers); Osaka, Japan (contactors)..