Lightrock Netherlands B.V. Takes Position in Cohu, Inc. (NASDAQ:COHU)

Lightrock Netherlands B.V. acquired a new position in shares of Cohu, Inc. (NASDAQ:COHU) during the fourth quarter, HoldingsChannel reports. The fund acquired 298,757 shares of the semiconductor company’s stock, valued at approximately $8,016,000. Cohu makes up approximately 2.8% of Lightrock Netherlands B.V.’s portfolio, making the stock its 17th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its position 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 valued at $42,000 after buying an additional 535 shares in the last quarter. KBC Group NV grew its stake in Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 1,132 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in Cohu by 3.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company’s stock valued at $944,000 after acquiring an additional 1,141 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Cohu by 5.5% during the second quarter. The Manufacturers Life Insurance Company now owns 24,002 shares of the semiconductor company’s stock worth $794,000 after acquiring an additional 1,247 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of Cohu by 34.3% in the third quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock valued at $255,000 after purchasing an additional 2,532 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Price Performance

Shares of NASDAQ:COHU opened at $21.77 on Tuesday. The company has a market cap of $1.01 billion, a P/E ratio of -20.16 and a beta of 1.45. The business has a fifty day simple moving average of $25.31 and a 200-day simple moving average of $25.67. Cohu, Inc. has a 52 week low of $21.36 and a 52 week high of $36.60. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

COHU has been the subject of several research reports. The Goldman Sachs Group cut their price objective on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Needham & Company LLC downgraded Cohu from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. TD Cowen decreased their price objective on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.