Renaissance Technologies LLC Increases Stock Position in Cohu, Inc. (NASDAQ:COHU)

Renaissance Technologies LLC lifted its holdings in shares of Cohu, Inc. (NASDAQ:COHU – Get Rating) by 243.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,954 shares of the semiconductor company’s stock after buying an additional 117,600 shares during the quarter. Renaissance Technologies LLC owned about 0.35% of Cohu worth $4,278,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC increased its holdings in shares of Cohu by 166.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,134 shares of the semiconductor company’s stock worth $29,000 after buying an additional 709 shares during the last quarter. FMR LLC grew its holdings in Cohu by 209.1% in the 2nd quarter. FMR LLC now owns 1,391 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 941 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Cohu in the 3rd quarter worth $53,000. Captrust Financial Advisors grew its holdings in Cohu by 96.1% in the 1st quarter. Captrust Financial Advisors now owns 2,698 shares of the semiconductor company’s stock worth $80,000 after acquiring an additional 1,322 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC lifted its position in shares of Cohu by 27.7% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 2,943 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 638 shares during the period. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COHU has been the subject of a number of recent research reports. Craig Hallum cut shares of Cohu from a “buy” rating to a “hold” rating in a research report on Friday, February 17th. B. Riley lifted their price target on shares of Cohu from $30.00 to $36.00 in a research note on Friday, February 17th. StockNews.com upgraded shares of Cohu from a “hold” rating to a “buy” rating in a research report on Tuesday, December 13th. Finally, Needham & Company LLC lifted their price target on shares of Cohu from $34.00 to $40.00 and gave the company a “buy” rating in a report on Friday, February 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Cohu Stock Down 2.1 %

NASDAQ:COHU opened at $35.97 on Monday. Cohu, Inc. has a 52 week low of $24.06 and a 52 week high of $38.40. The company has a quick ratio of 3.70, a current ratio of 4.75 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average is $35.84 and its two-hundred day moving average is $32.58. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 18.08 and a beta of 1.55.

Cohu Profile

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Cohu, Inc engages in the provision of back-end semiconductor equipment and services. It offers test and handling capital equipment, interface products, and related services to the semiconductor and electronics manufacturing industries. It operates through the Semiconductor Test and Inspection, and Printed Circuit Board Test segments.