Quantbot Technologies LP Makes New $472,000 Investment in Cohu, Inc. $COHU

Quantbot Technologies LP acquired a new position in Cohu, Inc. (NASDAQ:COHU) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 23,197 shares of the semiconductor company’s stock, valued at approximately $472,000.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. raised its stake in Cohu by 478.4% during the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after acquiring an additional 972,088 shares during the period. Tributary Capital Management LLC raised its position in shares of Cohu by 131.5% during the 3rd quarter. Tributary Capital Management LLC now owns 1,520,386 shares of the semiconductor company’s stock valued at $30,909,000 after purchasing an additional 863,654 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in Cohu by 20.0% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,355,973 shares of the semiconductor company’s stock worth $26,089,000 after buying an additional 226,453 shares during the period. Highbridge Capital Management LLC purchased a new stake in Cohu in the 3rd quarter worth $3,509,000. Finally, CSM Advisors LLC bought a new stake in Cohu during the second quarter valued at about $3,268,000. 94.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. B. Riley Financial cut their target price on Cohu from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Stifel Nicolaus lifted their price objective on shares of Cohu from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Needham & Company LLC upped their target price on shares of Cohu from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. TD Cowen raised their target price on shares of Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Zacks Research cut shares of Cohu from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $33.25.

Cohu Trading Up 1.2%

Shares of COHU opened at $28.00 on Tuesday. The stock has a market capitalization of $1.31 billion, a PE ratio of -17.61 and a beta of 1.27. The company’s fifty day moving average is $28.93 and its 200 day moving average is $24.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.69 and a current ratio of 6.88. Cohu, Inc. has a fifty-two week low of $12.57 and a fifty-two week high of $34.96.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data 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 business had revenue of $122.23 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.15) earnings per share. Sell-side analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

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.