Hodges Capital Management Inc. Makes New $3.77 Million Investment in Cohu, Inc. (NASDAQ:COHU)

Hodges Capital Management Inc. acquired a new stake in shares of Cohu, Inc. (NASDAQ:COHU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 141,230 shares of the semiconductor company’s stock, valued at approximately $3,771,000.

A number of other large investors have also recently made changes to their positions in COHU. First Horizon Advisors Inc. increased its stake in shares of Cohu by 49.2% in the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 535 shares in the last quarter. KBC Group NV grew its holdings in Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 1,132 shares in the last quarter. Sheets Smith Wealth Management bought a new stake in Cohu in the fourth quarter worth $205,000. US Bancorp DE lifted its stake in shares of Cohu by 59.7% in the 3rd quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock valued at $227,000 after purchasing an additional 3,297 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Cohu by 34.3% during the third quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock valued at $255,000 after buying an additional 2,532 shares during the period. 94.67% of the stock is currently owned by institutional investors.

Cohu Stock Up 1.1 %

NASDAQ COHU opened at $22.91 on Monday. The stock has a fifty day simple moving average of $25.78 and a 200-day simple moving average of $26.08. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a twelve month low of $21.60 and a twelve month high of $36.60.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The firm had revenue of $95.30 million for the quarter, compared to analyst estimates of $95.75 million. Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. Cohu’s revenue was down 36.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. On average, sell-side analysts expect that Cohu, Inc. will post -0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on COHU shares. TD Cowen decreased their target price on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group dropped their price target on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Needham & Company LLC cut shares of Cohu from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.50.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.