265,013 Shares in Cohu, Inc. (NASDAQ:COHU) Purchased by Leeward Investments LLC MA

Leeward Investments LLC MA acquired a new stake in Cohu, Inc. (NASDAQ:COHU) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 265,013 shares of the semiconductor company’s stock, valued at approximately $7,076,000.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in shares of Cohu by 25.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company’s stock valued at $82,134,000 after buying an additional 647,828 shares in the last quarter. Lightrock Netherlands B.V. purchased a new stake in Cohu in the 4th quarter worth $8,016,000. Victory Capital Management Inc. raised its position in Cohu by 7.1% during the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after acquiring an additional 224,022 shares during the period. Royce & Associates LP lifted its holdings in Cohu by 21.4% during the third quarter. Royce & Associates LP now owns 1,126,789 shares of the semiconductor company’s stock valued at $28,958,000 after purchasing an additional 198,849 shares in the last quarter. Finally, Tributary Capital Management LLC grew its position in shares of Cohu by 46.4% in the third quarter. Tributary Capital Management LLC now owns 521,047 shares of the semiconductor company’s stock valued at $13,391,000 after purchasing an additional 165,135 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Trading Down 2.0 %

Shares of Cohu stock opened at $21.03 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The stock’s 50 day simple moving average is $24.28 and its 200-day simple moving average is $25.22. The stock has a market cap of $980.21 million, a P/E ratio of -14.02 and a beta of 1.45. Cohu, Inc. has a 1-year low of $19.52 and a 1-year high of $36.60.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. Analysts predict that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on COHU. Stifel Nicolaus reduced their price target on shares of Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 14th. B. Riley cut their price objective on Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group decreased their target price on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. TD Cowen dropped their price target on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.57.

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.