Vanguard Group Inc. Boosts Stock Position in Cohu, Inc. $COHU

Vanguard Group Inc. boosted its position in Cohu, Inc. (NASDAQ:COHU) by 0.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,303,546 shares of the semiconductor company’s stock after purchasing an additional 18,033 shares during the period. Vanguard Group Inc. owned approximately 0.09% of Cohu worth $87,491,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Bessemer Group Inc. grew its holdings in shares of Cohu by 45.4% during the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after buying an additional 488 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Cohu by 83.7% during the third quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 715 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Cohu by 202.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 1,415 shares during the period. Tower Research Capital LLC TRC raised its holdings in Cohu by 135.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,526 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 2,607 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Cohu by 664.1% during the 2nd quarter. Federated Hermes Inc. now owns 6,548 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 5,691 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Stock Down 3.4%

COHU opened at $28.76 on Friday. Cohu, Inc. has a 1 year low of $12.57 and a 1 year high of $34.96. The firm has a 50 day moving average price of $28.76 and a 200 day moving average price of $24.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.69 and a current ratio of 6.88. The company has a market cap of $1.35 billion, a PE ratio of -18.09 and a beta of 1.27.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.22). Cohu had a negative return on equity of 3.76% and a negative net margin of 16.40%.The business had revenue of $122.23 million for the quarter, compared to analysts’ expectations of $122.09 million. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. Cohu’s quarterly revenue was up 29.9% compared to the same quarter last year. Sell-side analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on COHU. TD Cowen lifted their price objective on Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, February 13th. B. Riley Financial lowered their price target on Cohu from $35.00 to $33.00 and set a “buy” rating for the company in a report on Friday, February 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a report on Wednesday, January 21st. Stifel Nicolaus raised their target price on shares of Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Finally, Zacks Research downgraded shares of Cohu from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $33.25.

Cohu Company Profile

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.