Dynamic Technology Lab Private Ltd Acquires 22,917 Shares of Cohu, Inc. $COHU

Dynamic Technology Lab Private Ltd grew its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 96.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,700 shares of the semiconductor company’s stock after acquiring an additional 22,917 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.10% of Cohu worth $949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Natixis Advisors LLC boosted its stake in shares of Cohu by 22.4% in the 3rd quarter. Natixis Advisors LLC now owns 39,383 shares of the semiconductor company’s stock valued at $801,000 after purchasing an additional 7,211 shares in the last quarter. Legacy Capital Group California Inc. bought a new stake in shares of Cohu during the 3rd quarter valued at approximately $372,000. Gabelli Funds LLC increased its position in Cohu by 43.8% during the 3rd quarter. Gabelli Funds LLC now owns 26,275 shares of the semiconductor company’s stock worth $534,000 after purchasing an additional 8,000 shares in the last quarter. Pitcairn Co. increased its position in Cohu by 13.5% during the 3rd quarter. Pitcairn Co. now owns 13,006 shares of the semiconductor company’s stock worth $264,000 after purchasing an additional 1,549 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in Cohu by 48.8% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 64,764 shares of the semiconductor company’s stock valued at $1,317,000 after purchasing an additional 21,249 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.

Cohu Stock Down 3.8%

Shares of NASDAQ COHU opened at $27.66 on Monday. The company has a 50 day simple moving average of $28.84 and a 200 day simple moving average of $24.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.88 and a quick ratio of 5.69. Cohu, Inc. has a 1 year low of $12.57 and a 1 year high of $34.96. The firm has a market cap of $1.30 billion, a PE ratio of -17.40 and a beta of 1.27.

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

Analyst Ratings Changes

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

About Cohu

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.