Legacy Capital Group California Inc. Acquires New Stake in Cohu, Inc. $COHU

Legacy Capital Group California Inc. acquired a new stake in shares of Cohu, Inc. (NASDAQ:COHU) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 18,301 shares of the semiconductor company’s stock, valued at approximately $372,000.

Several other hedge funds have also recently made changes to their positions in the company. US Bancorp DE lifted its stake in shares of Cohu by 4.6% during the 3rd quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock valued at $200,000 after buying an additional 432 shares in the last quarter. Amalgamated Bank raised its holdings in Cohu by 3.4% during the 3rd quarter. Amalgamated Bank now owns 13,712 shares of the semiconductor company’s stock valued at $279,000 after acquiring an additional 457 shares during the period. Bessemer Group Inc. lifted its position in shares of Cohu by 45.4% during the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 488 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Cohu by 0.9% in the second quarter. CANADA LIFE ASSURANCE Co now owns 65,233 shares of the semiconductor company’s stock worth $1,255,000 after acquiring an additional 576 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Cohu by 5.8% in the second quarter. PNC Financial Services Group Inc. now owns 12,755 shares of the semiconductor company’s stock valued at $245,000 after purchasing an additional 704 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors.

Cohu Stock Down 3.8%

Shares of NASDAQ:COHU opened at $27.66 on Friday. The firm has a fifty day moving average of $28.84 and a 200 day moving average of $24.53. Cohu, Inc. has a 52-week low of $12.57 and a 52-week high of $34.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.69 and a current ratio of 6.88. The firm has a market capitalization of $1.30 billion, a PE ratio of -17.40 and a beta of 1.27.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). The firm 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%.Cohu’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.15) earnings per share. As a group, research analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Ratings Changes

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