Wedge Capital Management L L P NC Raises Holdings in Cohu, Inc. $COHU

Wedge Capital Management L L P NC increased its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 20.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 128,963 shares of the semiconductor company’s stock after purchasing an additional 21,818 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Cohu were worth $2,622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COHU. CANADA LIFE ASSURANCE Co grew its holdings in shares of Cohu by 0.9% in the second quarter. CANADA LIFE ASSURANCE Co now owns 65,233 shares of the semiconductor company’s stock worth $1,255,000 after purchasing an additional 576 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Cohu by 5.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 12,755 shares of the semiconductor company’s stock worth $245,000 after acquiring an additional 704 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Cohu by 7.0% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,939 shares of the semiconductor company’s stock valued at $230,000 after acquiring an additional 784 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cohu by 3.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,214 shares of the semiconductor company’s stock worth $400,000 after purchasing an additional 905 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Cohu by 1.0% in the second quarter. Legal & General Group Plc now owns 127,357 shares of the semiconductor company’s stock worth $2,450,000 after purchasing an additional 1,247 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Cowen reaffirmed a “buy” rating on shares of Cohu in a research report on Thursday, October 30th. TD Cowen upped their target price on Cohu from $22.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a report on Wednesday, October 8th. Finally, B. Riley reissued a “buy” rating on shares of Cohu in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.33.

Cohu Stock Performance

Shares of COHU stock opened at $23.55 on Tuesday. The company’s fifty day moving average price is $23.36 and its 200-day moving average price is $21.13. The stock has a market cap of $1.10 billion, a PE ratio of -15.00 and a beta of 1.34. The company has a current ratio of 4.39, a quick ratio of 3.24 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 12 month low of $12.57 and a 12 month high of $28.03.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Wednesday, October 29th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. Cohu had a negative net margin of 17.22% and a negative return on equity of 3.73%. The company had revenue of $126.25 million during the quarter, compared to analysts’ expectations of $124.98 million. During the same period last year, the company posted ($0.08) EPS. Cohu’s revenue was up 32.5% on a year-over-year basis. On average, equities analysts expect that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

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.