Trading volume hit 434,000 for Cohu, Inc. (NASDAQ:$COHU) in the last session. This is 103.46% over the normal daily volume.
Cohu has seen a bullish trend among traders recently. Between August 15th and August 31st, the company recorded a fall in short interest of -20.32%, with a decrease of 70,425 shares over that period. The short interest ratio is 2.0 based on short interest at 276,145 and a short average daily volume of 179,569. On August 31st, the percentage of shorted shares was 0.01%.
Cohu is a supplier of semiconductor test and inspection handlers, test contractors, thermal sub-systems, and micro-electro mechanical systems (MEMS) used by the global semiconductor and test subcontractor markets.
In regards to insider activity, Director James A. Donahue sold 75,000 shares for a $17.87 average per share. He now owns $7,265,031 worth of shares in the company.
Some firms have recently altered their holdings in the company:
- Cubist Systematic Strategies, LLC bought 4,243 shares for a total of 16,410 shares valued at $258,000 in the quarter. This represents a 34.9% increase.
- Spot Trading sold a total of 1,600 shares during the quarter.
- Squarepoint Ops LLC bought an additional 10,617 shares during the quarter, for a total of 32,620 shares at a value of $513,000. This was a 48.3% increase.
- Sensato Investors LLC bought an additional 68,308 shares this quarter. This was a growth of 41.1% and a total $3,694,000 worth of shares.
Needham & Company upgraded their rating from ‘Hold’ to ‘Buy’ on September 18.
During the latest trading day, the company traded at $23.58. The 50-day moving average is $18.47 and a 200 day moving average of $18.18. This means an increase of +27.67% over the 50-day moving average and +29.67% over the 200-day moving average.
The company currently boasts a market cap of $659.27 million. The company also has 27,959,000 outstanding shares. The last reported EPS was $0.69, with an annualized projection of $1.54. Analysts are forecasting an EPS of $0.32 with an annualized amount of $1.71.
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