23,800 Shares in Cohu, Inc. (NASDAQ:COHU) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of Cohu, Inc. (NASDAQ:COHU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 23,800 shares of the semiconductor company’s stock, valued at approximately $842,000. Louisiana State Employees Retirement System owned approximately 0.05% of Cohu at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in shares of Cohu during the fourth quarter worth about $35,000. Teza Capital Management LLC purchased a new stake in shares of Cohu during the third quarter worth about $212,000. Altfest L J & Co. Inc. purchased a new stake in shares of Cohu during the fourth quarter worth about $250,000. Inspire Investing LLC grew its position in shares of Cohu by 17.3% during the third quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock worth $306,000 after purchasing an additional 1,313 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in Cohu by 38.6% during the third quarter. TD Asset Management Inc now owns 9,700 shares of the semiconductor company’s stock valued at $334,000 after buying an additional 2,700 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cohu Price Performance

NASDAQ:COHU opened at $31.08 on Friday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 52.68 and a beta of 1.52. Cohu, Inc. has a 1 year low of $28.57 and a 1 year high of $43.99. The business has a 50 day simple moving average of $31.55 and a 200-day simple moving average of $32.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.18 and a quick ratio of 4.67.

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

Cohu Company Profile

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.