Pacific Ridge Capital Partners LLC Has $1.40 Million Stock Position in Cohu, Inc. (NASDAQ:COHU)

Pacific Ridge Capital Partners LLC boosted its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 10.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,231 shares of the semiconductor company’s stock after acquiring an additional 3,936 shares during the quarter. Pacific Ridge Capital Partners LLC owned 0.09% of Cohu worth $1,398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. TFO Wealth Partners LLC lifted its position in shares of Cohu by 10,587.5% in the fourth quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 847 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Cohu by 1,256.3% during the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 804 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Cohu by 558.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 922 shares during the period. CWM LLC grew its holdings in shares of Cohu by 158.1% during the 2nd quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 939 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Cohu in the second quarter worth $97,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Stock Performance

COHU opened at $25.95 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.09 and a current ratio of 6.95. The company has a market cap of $1.22 billion, a PE ratio of -519.00 and a beta of 1.53. The stock has a 50-day moving average of $26.37 and a 200-day moving average of $29.78. Cohu, Inc. has a 52-week low of $22.80 and a 52-week high of $36.60.

Cohu (NASDAQ:COHU) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. The company had revenue of $104.70 million for the quarter, compared to the consensus estimate of $105.00 million. As a group, equities research analysts forecast that Cohu, Inc. will post -0.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on COHU shares. Citigroup downgraded Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research note on Monday, July 15th. StockNews.com cut Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC dropped their price objective on Cohu from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Cohu presently has an average rating of “Hold” and an average target price of $35.00.

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.