Heavier than Usual Trading Volume for Cohu, Inc.

    Author Dylan BernhardtPosted on Categories Semiconductors, Computer Hardware, NASDAQ, TechTags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
    Cohu, Inc.

    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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    Author Dylan Bernhardt
    About the author: Dylan is a content writer and editor located in Vancouver, British Columbia. He graduated from the University of Regina with BA degrees in both Journalism and History in 2016. His skills include writing, blogging, editing, and developing content for both print and internet media.