Leeward Investments LLC MA Acquires Shares of 265,013 Cohu, Inc. (NASDAQ:COHU)

Leeward Investments LLC MA purchased a new position in Cohu, Inc. (NASDAQ:COHU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 265,013 shares of the semiconductor company's stock, valued at approximately $7,076,000. Leeward Investments LLC MA owned approximately 0.57% of Cohu at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Franklin Resources Inc. lifted its position in Cohu by 25.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company's stock worth $82,134,000 after buying an additional 647,828 shares in the last quarter. Lightrock Netherlands B.V. acquired a new position in shares of Cohu in the fourth quarter worth $8,016,000. Victory Capital Management Inc. raised its holdings in shares of Cohu by 7.1% during the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company's stock worth $86,308,000 after acquiring an additional 224,022 shares in the last quarter. Royce & Associates LP boosted its position in Cohu by 21.4% during the third quarter. Royce & Associates LP now owns 1,126,789 shares of the semiconductor company's stock valued at $28,958,000 after purchasing an additional 198,849 shares during the last quarter. Finally, Tributary Capital Management LLC grew its stake in Cohu by 46.4% in the third quarter. Tributary Capital Management LLC now owns 521,047 shares of the semiconductor company's stock valued at $13,391,000 after purchasing an additional 165,135 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Cohu Stock Performance

NASDAQ:COHU traded down $0.39 during midday trading on Thursday, reaching $19.92. The stock had a trading volume of 501,977 shares, compared to its average volume of 403,897. The stock has a market capitalization of $930.46 million, a P/E ratio of -13.28 and a beta of 1.45. Cohu, Inc. has a 1-year low of $18.76 and a 1-year high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The firm's fifty day simple moving average is $23.83 and its 200-day simple moving average is $25.11.

Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. On average, equities research analysts forecast that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on COHU. Needham & Company LLC reaffirmed a "hold" rating on shares of Cohu in a research note on Tuesday. Craig Hallum raised shares of Cohu from a "hold" rating to a "buy" rating and set a $30.00 price objective on the stock in a research report on Friday, November 1st. Stifel Nicolaus decreased their target price on shares of Cohu from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Friday, February 14th. B. Riley dropped their price target on shares of Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Finally, TD Cowen reduced their price objective on shares of Cohu from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Cohu presently has an average rating of "Hold" and an average price target of $30.57.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.