Aigen Investment Management LP Acquires New Holdings in Cohu, Inc. (NASDAQ:COHU)

Aigen Investment Management LP acquired a new stake in Cohu, Inc. (NASDAQ:COHU) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,288 shares of the semiconductor company’s stock, valued at approximately $195,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Versant Capital Management Inc increased its stake in Cohu by 232.0% during the first quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 1,689 shares during the period. GAMMA Investing LLC increased its stake in Cohu by 172.2% during the first quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 1,682 shares during the period. Sterling Capital Management LLC increased its stake in Cohu by 826.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 1,323 shares during the period. Palouse Capital Management Inc. increased its stake in Cohu by 105.5% during the first quarter. Palouse Capital Management Inc. now owns 4,918 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 2,525 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Cohu by 14.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 486 shares during the period. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Cohu Stock Performance

Shares of COHU opened at $19.86 on Friday. The stock has a 50 day moving average price of $19.43 and a 200 day moving average price of $18.21. The company has a quick ratio of 3.51, a current ratio of 4.88 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $927.06 million, a price-to-earnings ratio of -10.62 and a beta of 1.25. Cohu, Inc. has a 52-week low of $12.57 and a 52-week high of $29.42.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The firm had revenue of $107.68 million during the quarter, compared to the consensus estimate of $106.00 million. Cohu had a negative return on equity of 3.74% and a negative net margin of 22.11%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.01) earnings per share. Research analysts predict that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Cohu from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. TD Cowen cut their target price on shares of Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research note on Friday, May 2nd. Finally, Stifel Nicolaus cut their target price on shares of Cohu from $35.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.17.

Cohu Company Profile

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.