Lightrock Netherlands B.V. Buys New Position in Cohu, Inc. (NASDAQ:COHU)

Lightrock Netherlands B.V. bought a new stake in Cohu, Inc. (NASDAQ:COHU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 298,757 shares of the semiconductor company's stock, valued at approximately $8,016,000. Cohu makes up approximately 2.8% of Lightrock Netherlands B.V.'s investment portfolio, making the stock its 17th biggest position. Lightrock Netherlands B.V. owned 0.64% of Cohu at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. First Horizon Advisors Inc. grew its holdings in shares of Cohu by 49.2% during the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 535 shares during the last quarter. KBC Group NV grew its holdings in shares of Cohu by 75.7% during the fourth quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock worth $70,000 after purchasing an additional 1,132 shares during the last quarter. Sheets Smith Wealth Management bought a new stake in shares of Cohu during the fourth quarter worth $205,000. Creative Planning bought a new stake in shares of Cohu during the second quarter worth $282,000. Finally, US Bancorp DE grew its holdings in shares of Cohu by 59.7% during the third quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company's stock worth $227,000 after purchasing an additional 3,297 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on COHU shares. TD Cowen decreased their price target on Cohu from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Craig Hallum upgraded Cohu from a "hold" rating to a "buy" rating and set a $30.00 price target on the stock in a report on Friday, November 1st. Needham & Company LLC reiterated a "hold" rating on shares of Cohu in a report on Friday. The Goldman Sachs Group decreased their price target on Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a report on Friday, November 1st. Finally, Stifel Nicolaus decreased their price target on Cohu from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $30.57.

Cohu Trading Down 1.6 %

NASDAQ:COHU traded down $0.35 during mid-day trading on Friday, hitting $21.12. The company had a trading volume of 976,146 shares, compared to its average volume of 388,538. Cohu, Inc. has a fifty-two week low of $19.52 and a fifty-two week high of $36.60. The business's fifty day moving average is $24.87 and its two-hundred day moving average is $25.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The firm has a market cap of $984.40 million, a P/E ratio of -19.56 and a beta of 1.45.

Cohu (NASDAQ:COHU - Get Free Report) last released its earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. As a group, research analysts expect that Cohu, Inc. will post -0.51 earnings per share for the current year.

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.