GAMMA Investing LLC Has $575,000 Stake in Cohu, Inc. (NASDAQ:COHU)

GAMMA Investing LLC raised its stake in Cohu, Inc. (NASDAQ:COHU) by 3,903.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,114 shares of the semiconductor company’s stock after acquiring an additional 38,137 shares during the period. GAMMA Investing LLC owned about 0.08% of Cohu worth $575,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in shares of Cohu by 232.0% in the 1st quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 1,689 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Cohu by 1,225.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 1,287 shares in the last quarter. Sterling Capital Management LLC grew its stake in Cohu by 826.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock worth $40,000 after buying an additional 1,323 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Cohu by 413.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock worth $46,000 after buying an additional 1,401 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Cohu by 14.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company’s stock valued at $103,000 after acquiring an additional 486 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on COHU shares. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research report on Friday, May 2nd. Wall Street Zen lowered Cohu from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. Stifel Nicolaus cut their price target on Cohu from $35.00 to $28.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, TD Cowen reduced their price target on shares of Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $28.43.

Cohu Stock Down 0.2%

Cohu stock opened at $18.18 on Thursday. The firm has a market capitalization of $845.37 million, a price-to-earnings ratio of -9.83 and a beta of 1.25. The company’s 50 day simple moving average is $16.85 and its 200 day simple moving average is $20.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.20 and a quick ratio of 3.69. Cohu, Inc. has a fifty-two week low of $12.57 and a fifty-two week high of $36.60.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.14. Cohu had a negative return on equity of 3.76% and a negative net margin of 21.99%. The business had revenue of $96.80 million during the quarter, compared to analysts’ expectations of $96.61 million. During the same period in the prior year, the business earned $0.01 EPS. Cohu’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current year.

Cohu 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.