Charles Schwab Investment Management Inc. increased its holdings in shares of Cohu, Inc. (NASDAQ:COHU – Free Report) by 10.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 750,515 shares of the semiconductor company’s stock after acquiring an additional 73,145 shares during the period. Charles Schwab Investment Management Inc. owned about 1.61% of Cohu worth $11,040,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Cohu by 232.0% during the 1st quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 1,689 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Cohu by 172.2% during the 1st quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 1,682 shares in the last quarter. Palouse Capital Management Inc. boosted its position in shares of Cohu by 105.5% during the 1st quarter. Palouse Capital Management Inc. now owns 4,918 shares of the semiconductor company’s stock valued at $72,000 after acquiring an additional 2,525 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Cohu by 14.5% during the 4th 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 in the last quarter. Finally, US Bancorp DE boosted its position in shares of Cohu by 12.9% during the 1st quarter. US Bancorp DE now owns 10,111 shares of the semiconductor company’s stock valued at $149,000 after acquiring an additional 1,159 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.
Cohu Price Performance
Shares of COHU stock opened at $20.48 on Monday. Cohu, Inc. has a 1 year low of $12.57 and a 1 year high of $29.42. The firm’s 50 day moving average is $19.54 and its 200-day moving average is $18.04. The firm has a market capitalization of $956.01 million, a price-to-earnings ratio of -10.95 and a beta of 1.25. The company has a current ratio of 4.88, a quick ratio of 3.51 and a debt-to-equity ratio of 0.01.
Wall Street Analysts Forecast Growth
COHU has been the topic of several recent research reports. TD Cowen decreased their target price 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. Wall Street Zen lowered shares of Cohu from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. Stifel Nicolaus reduced their price target on shares of Cohu from $35.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Cohu in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Cohu presently has an average rating of “Moderate Buy” and a consensus price target of $27.17.
Check Out Our Latest Analysis on COHU
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.
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