CSM Advisors LLC Raises Stock Position in Cohu, Inc. $COHU

CSM Advisors LLC boosted its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 76.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 299,118 shares of the semiconductor company’s stock after purchasing an additional 129,216 shares during the period. CSM Advisors LLC owned about 0.64% of Cohu worth $6,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC lifted its holdings in shares of Cohu by 31.4% in the 3rd quarter. Essex Investment Management Co. LLC now owns 192,846 shares of the semiconductor company’s stock valued at $3,921,000 after buying an additional 46,113 shares during the period. Geode Capital Management LLC grew its holdings in Cohu by 4.6% during the second quarter. Geode Capital Management LLC now owns 1,167,208 shares of the semiconductor company’s stock worth $22,459,000 after acquiring an additional 50,907 shares during the period. Stanley Laman Group Ltd. acquired a new stake in Cohu during the third quarter worth about $3,109,000. First Eagle Investment Management LLC raised its position in Cohu by 20.9% during the third quarter. First Eagle Investment Management LLC now owns 248,146 shares of the semiconductor company’s stock valued at $5,045,000 after acquiring an additional 42,819 shares in the last quarter. Finally, Creative Planning raised its position in Cohu by 16.7% during the second quarter. Creative Planning now owns 71,920 shares of the semiconductor company’s stock valued at $1,384,000 after acquiring an additional 10,306 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Stock Performance

Shares of COHU stock opened at $27.25 on Monday. 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, Inc. has a 12-month low of $12.57 and a 12-month high of $34.96. The business’s 50 day moving average is $29.28 and its two-hundred day moving average is $24.84. The company has a market capitalization of $1.28 billion, a P/E ratio of -17.14 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) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. The business had revenue of $122.23 million during the quarter, compared to analysts’ expectations of $122.09 million. During the same quarter last year, the firm earned ($0.15) earnings per share. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. Analysts expect that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on COHU shares. Stifel Nicolaus upped their price objective on Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. TD Cowen lifted their target price on shares of Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, February 13th. Needham & Company LLC boosted their target price on shares of Cohu from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Zacks Research downgraded shares of Cohu from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Finally, B. Riley Financial dropped their price target on shares of Cohu from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.25.

Cohu Company 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.