Essex Investment Management Co. LLC Acquires 46,113 Shares of Cohu, Inc. $COHU

Essex Investment Management Co. LLC lifted its stake in Cohu, Inc. (NASDAQ:COHU) by 31.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,846 shares of the semiconductor company’s stock after purchasing an additional 46,113 shares during the quarter. Essex Investment Management Co. LLC owned about 0.41% of Cohu worth $3,921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in COHU. Azzad Asset Management Inc. ADV raised its stake in Cohu by 24.4% during the third quarter. Azzad Asset Management Inc. ADV now owns 45,582 shares of the semiconductor company’s stock valued at $927,000 after buying an additional 8,936 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Cohu by 45.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 488 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Cohu by 20.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 196,810 shares of the semiconductor company’s stock worth $4,001,000 after purchasing an additional 32,941 shares in the last quarter. Hantz Financial Services Inc. grew its position in Cohu by 83.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 715 shares during the last quarter. Finally, AlphaQuest LLC increased its stake in Cohu by 126.4% during the 3rd quarter. AlphaQuest LLC now owns 26,313 shares of the semiconductor company’s stock valued at $535,000 after purchasing an additional 14,693 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Stock Up 2.7%

Cohu stock opened at $31.67 on Tuesday. The stock has a market cap of $1.48 billion, a PE ratio of -20.17 and a beta of 1.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.24 and a current ratio of 4.39. The stock has a fifty day moving average of $26.36 and a 200 day moving average of $23.06. Cohu, Inc. has a one year low of $12.57 and a one year high of $32.09.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Needham & Company LLC upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, January 6th. Stifel Nicolaus upped their price objective on Cohu from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a report on Wednesday, January 21st. TD Cowen restated a “buy” rating on shares of Cohu in a research note on Thursday, October 30th. Finally, B. Riley Financial increased their price objective on Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.75.

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.