Jefferies Financial Group Inc. Invests $2.17 Million in Cohu, Inc. $COHU

Jefferies Financial Group Inc. purchased a new position in Cohu, Inc. (NASDAQ:COHU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 106,663 shares of the semiconductor company’s stock, valued at approximately $2,168,000. Jefferies Financial Group Inc. owned about 0.23% of Cohu as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd boosted its holdings in Cohu by 96.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 46,700 shares of the semiconductor company’s stock worth $949,000 after acquiring an additional 22,917 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Cohu by 22.4% in the third quarter. Natixis Advisors LLC now owns 39,383 shares of the semiconductor company’s stock worth $801,000 after acquiring an additional 7,211 shares during the last quarter. Legacy Capital Group California Inc. bought a new position in shares of Cohu during the third quarter valued at $372,000. Gabelli Funds LLC increased its holdings in shares of Cohu by 43.8% during the third quarter. Gabelli Funds LLC now owns 26,275 shares of the semiconductor company’s stock valued at $534,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Pitcairn Co. raised its position in shares of Cohu by 13.5% in the 3rd quarter. Pitcairn Co. now owns 13,006 shares of the semiconductor company’s stock worth $264,000 after purchasing an additional 1,549 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.

Cohu Price Performance

NASDAQ COHU opened at $28.62 on Wednesday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -18.00 and a beta of 1.27. Cohu, Inc. has a 1-year low of $12.57 and a 1-year high of $34.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.88 and a quick ratio of 5.69. The business’s fifty day moving average price is $29.03 and its 200-day moving average price is $24.68.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, February 12th. The semiconductor company reported ($0.15) 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 firm had revenue of $122.23 million during the quarter, compared to the consensus estimate of $122.09 million. During the same period in the previous year, the firm earned ($0.15) EPS. The business’s revenue was up 29.9% on a year-over-year basis. On average, equities analysts predict that Cohu, Inc. will post -0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

COHU has been the topic of a number of analyst reports. Zacks Research cut shares of Cohu from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. B. Riley Financial decreased their target price on shares of Cohu from $35.00 to $33.00 and set a “buy” rating for the company in a report on Friday, February 13th. TD Cowen upped their target price on shares of Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a report on Wednesday, January 21st. Finally, Stifel Nicolaus raised their price target on shares of Cohu from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.25.

About Cohu

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.