Mirae Asset Global Investments Co. Ltd. Buys 865 Shares of Cohu, Inc. (NASDAQ:COHU)

Mirae Asset Global Investments Co. Ltd. increased its position in Cohu, Inc. (NASDAQ:COHU) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,314 shares of the semiconductor company’s stock after acquiring an additional 865 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Cohu were worth $754,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Teza Capital Management LLC purchased a new position in shares of Cohu in the third quarter valued at about $212,000. Altfest L J & Co. Inc. purchased a new position in shares of Cohu in the fourth quarter valued at about $250,000. Inspire Investing LLC lifted its position in shares of Cohu by 17.3% in the third quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock valued at $306,000 after acquiring an additional 1,313 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Cohu by 38.6% in the third quarter. TD Asset Management Inc now owns 9,700 shares of the semiconductor company’s stock valued at $334,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cohu by 18.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,407 shares of the semiconductor company’s stock valued at $358,000 after acquiring an additional 1,623 shares in the last quarter. Institutional investors own 94.67% of the company’s stock.

Cohu Trading Up 1.4 %

Shares of COHU stock opened at $30.36 on Thursday. Cohu, Inc. has a 1 year low of $28.57 and a 1 year high of $43.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.18 and a quick ratio of 4.67. The stock’s 50 day simple moving average is $31.68 and its two-hundred day simple moving average is $32.66. The company has a market cap of $1.43 billion, a PE ratio of 51.46 and a beta of 1.52.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Cohu had a return on equity of 6.73% and a net margin of 4.42%. The business had revenue of $137.23 million for the quarter, compared to the consensus estimate of $136.94 million. During the same period in the prior year, the business posted $0.63 earnings per share. The company’s quarterly revenue was down 28.2% compared to the same quarter last year. Research analysts predict that Cohu, Inc. will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on COHU shares. TD Cowen boosted their target price on Cohu from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 target price on shares of Cohu in a research report on Friday, February 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

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.