Cohu, Inc. $COHU Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of Cohu, Inc. (NASDAQ:COHU) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,303,546 shares of the semiconductor company’s stock after acquiring an additional 18,033 shares during the quarter. Vanguard Group Inc. owned 9.22% of Cohu worth $87,491,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in Cohu by 45.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 488 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Cohu by 83.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 715 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Cohu by 202.7% in the second quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 1,415 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Cohu by 135.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,526 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 2,607 shares during the period. Finally, Federated Hermes Inc. raised its position in Cohu by 664.1% in the second quarter. Federated Hermes Inc. now owns 6,548 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 5,691 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Stock Performance

Shares of COHU opened at $28.76 on Friday. Cohu, Inc. has a 12-month low of $12.57 and a 12-month high of $34.96. The stock has a market cap of $1.35 billion, a P/E ratio of -18.09 and a beta of 1.27. The company has a current ratio of 6.88, a quick ratio of 5.69 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $28.76 and a two-hundred day moving average of $24.44.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the business earned ($0.15) earnings per share. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. As a group, research analysts predict that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on COHU. Stifel Nicolaus boosted 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. Needham & Company LLC boosted their price objective on shares of Cohu from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 13th. B. Riley Financial lowered their target price on shares of Cohu from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research report on Wednesday, January 21st. Finally, TD Cowen upped their price target on Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Cohu presently has a consensus rating of “Hold” and a consensus price target 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.