Is Cohu, Inc. (COHU) A Good Stock To Buy Right Now?

As one would reasonably expect, some big names have jumped into Cohu, Inc. (NASDAQ:COHU) headfirst. Highbridge Capital Management assembled the most outsized position in Cohu, Inc. (NASDAQ:COHU). Highbridge Capital Management had $0.2 million invested in the company at the end of the quarter. Peter Algert and Kevin Coldiron’s Algert Coldiron Investors also made a small $0.2 million investment in the stock during the quarter. The following funds were also among the new COHU investors: Ken Griffin’s Citadel Investment Group and Neil Chriss’s Hutchin Hill Capital.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Cohu, Inc. (NASDAQ:COHU) but similarly valued. We will take a look at Jive Software Inc (NASDAQ:JIVE), LSB Industries, Inc. (NYSE:LXU), RAIT Financial Trust (NYSE:RAS), and United Community Financial Corp (NASDAQ:UCFC). All of these stocks’ market caps are similar to COHU’s market cap.

As you can see these stocks had an average of 9.5 hedge funds with bullish positions and the average amount invested in these stocks was $42 million. That figure was $25 million in COHU’s case. Jive Software Inc (NASDAQ:JIVE) is the most popular stock in this table. On the other hand LSB Industries, Inc. (NYSE:LXU) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Cohu, Inc. (NASDAQ:COHU) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.