Advisor Group Holdings Inc. bought a new stake in Cohu, Inc. (NASDAQ:COHU) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,947 shares of the semiconductor company’s stock, valued at approximately $73,000.
A number of other hedge funds also recently modified their holdings of COHU. Goldman Sachs Group Inc. increased its holdings in shares of Cohu by 202.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 579,276 shares of the semiconductor company’s stock valued at $13,236,000 after buying an additional 387,993 shares in the last quarter. Mackay Shields LLC bought a new position in shares of Cohu in the first quarter valued at $737,000. Geode Capital Management LLC increased its holdings in shares of Cohu by 8.3% in the first quarter. Geode Capital Management LLC now owns 594,974 shares of the semiconductor company’s stock valued at $7,365,000 after buying an additional 45,483 shares in the last quarter. Paradigm Capital Management Inc. NY increased its holdings in shares of Cohu by 152.6% in the first quarter. Paradigm Capital Management Inc. NY now owns 62,149 shares of the semiconductor company’s stock valued at $770,000 after buying an additional 37,550 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Cohu during the 1st quarter valued at $336,000. Institutional investors own 90.32% of the company’s stock.
Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Cohu from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Deutsche Bank boosted their target price on shares of Cohu from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday. B. Riley boosted their target price on shares of Cohu from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Cowen boosted their target price on shares of Cohu from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Stifel Nicolaus cut their target price on shares of Cohu from $30.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $23.00.
In related news, Director William Bendush sold 4,500 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $15.28, for a total value of $68,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.07% of the company’s stock.
Cohu stock opened at $18.83 on Friday. The company’s fifty day simple moving average is $16.98 and its 200-day simple moving average is $17.59. The company has a quick ratio of 1.95, a current ratio of 2.77 and a debt-to-equity ratio of 0.81. Cohu, Inc. has a 12 month low of $8.89 and a 12 month high of $26.43. The stock has a market cap of $785.27 million, a P/E ratio of -12.07 and a beta of 1.88.
Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.02 by $0.15. Cohu had a negative net margin of 11.20% and a negative return on equity of 1.19%. The business had revenue of $144.08 million for the quarter, compared to analysts’ expectations of $143.30 million. On average, equities research analysts expect that Cohu, Inc. will post -0.03 earnings per share for the current fiscal year.
Cohu Company Profile
Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.
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