Cohu, Inc. $COHU Shares Purchased by Citigroup Inc.

Citigroup Inc. increased its holdings in Cohu, Inc. (NASDAQ:COHU) by 33.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 101,829 shares of the semiconductor company’s stock after acquiring an additional 25,544 shares during the period. Citigroup Inc. owned approximately 0.22% of Cohu worth $2,070,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cohu by 3.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,214 shares of the semiconductor company’s stock valued at $400,000 after purchasing an additional 905 shares during the period. Caxton Associates LLP acquired a new position in shares of Cohu in the 1st quarter valued at $276,000. Jane Street Group LLC grew its holdings in shares of Cohu by 2,042.7% during the 1st quarter. Jane Street Group LLC now owns 162,674 shares of the semiconductor company’s stock worth $2,393,000 after purchasing an additional 155,082 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Cohu by 49.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 163,869 shares of the semiconductor company’s stock worth $3,153,000 after purchasing an additional 54,360 shares during the period. Finally, Savant Capital LLC acquired a new stake in shares of Cohu during the 2nd quarter worth about $236,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on COHU shares. Zacks Research cut shares of Cohu from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. TD Cowen lifted their price target on shares of Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. Needham & Company LLC upped their price objective on shares of Cohu from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, B. Riley Financial lowered their price objective on shares of Cohu from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.25.

Cohu Price Performance

Shares of COHU opened at $27.66 on Monday. Cohu, Inc. has a twelve month low of $12.57 and a twelve month high of $34.96. The firm’s fifty day simple moving average is $28.84 and its 200-day simple moving average is $24.56. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -17.40 and a beta of 1.27. The company has a current ratio of 6.88, a quick ratio of 5.69 and a debt-to-equity ratio of 0.36.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). The firm had revenue of $122.23 million for the quarter, compared to analyst estimates of $122.09 million. Cohu had a negative return on equity of 3.76% and a negative net margin of 16.40%.The business’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) EPS. Equities analysts forecast that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Cohu Profile

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.