Cohu, Inc. $COHU Shares Acquired by Dean Capital Management

Dean Capital Management lifted its holdings in Cohu, Inc. (NASDAQ:COHU) by 41.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,324 shares of the semiconductor company’s stock after buying an additional 37,345 shares during the quarter. Cohu accounts for 1.0% of Dean Capital Management’s portfolio, making the stock its 27th biggest holding. Dean Capital Management’s holdings in Cohu were worth $2,588,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COHU. Invesco Ltd. raised its position in Cohu by 478.4% in the second quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after acquiring an additional 972,088 shares in the last quarter. Tributary Capital Management LLC boosted its position in shares of Cohu by 131.5% during the 3rd quarter. Tributary Capital Management LLC now owns 1,520,386 shares of the semiconductor company’s stock worth $30,909,000 after purchasing an additional 863,654 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in shares of Cohu by 20.0% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,355,973 shares of the semiconductor company’s stock worth $26,089,000 after purchasing an additional 226,453 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Cohu during the 3rd quarter worth $3,509,000. Finally, Jane Street Group LLC grew its stake in shares of Cohu by 2,042.7% during the 1st quarter. Jane Street Group LLC now owns 162,674 shares of the semiconductor company’s stock worth $2,393,000 after purchasing an additional 155,082 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Trading Down 0.8%

NASDAQ:COHU opened at $27.25 on Monday. Cohu, Inc. has a 52-week low of $12.57 and a 52-week high of $34.96. The company has a quick ratio of 5.69, a current ratio of 6.88 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $29.28 and a 200-day simple moving average of $24.84. The company has a market capitalization of $1.28 billion, a PE ratio of -17.14 and a beta of 1.27.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, February 12th. The semiconductor company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. The business had revenue of $122.23 million during the quarter, compared to analyst estimates of $122.09 million. During the same period in the previous year, the company posted ($0.15) earnings per share. Cohu’s revenue was up 29.9% on a year-over-year basis. On average, equities research analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on COHU. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. Needham & Company LLC upped their target price on shares of Cohu from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Zacks Research cut shares of Cohu from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. TD Cowen lifted their price target on shares of Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, Stifel Nicolaus boosted their price target on Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Cohu presently has an average rating of “Hold” and an average target price of $33.25.

Cohu 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.