Cohu, Inc. (NASDAQ:COHU) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Cohu, Inc. (NASDAQ:COHU) by 172.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,659 shares of the semiconductor company’s stock after purchasing an additional 1,682 shares during the period. GAMMA Investing LLC’s holdings in Cohu were worth $39,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Cohu by 1,225.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 1,287 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of 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 purchasing an additional 1,323 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Cohu by 232.0% during the first quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 1,689 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Cohu by 14.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 486 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Cohu by 19.3% in the fourth quarter. Sei Investments Co. now owns 9,790 shares of the semiconductor company’s stock valued at $261,000 after acquiring an additional 1,587 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analyst Ratings Changes

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

Cohu Price Performance

Shares of COHU opened at $20.60 on Friday. Cohu, Inc. has a fifty-two week low of $12.57 and a fifty-two week high of $36.60. The company has a market capitalization of $957.90 million, a price-to-earnings ratio of -11.14 and a beta of 1.27. The firm has a 50-day simple moving average of $18.29 and a 200-day simple moving average of $19.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 5.20.

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