SG Americas Securities LLC Buys New Shares in Cohu, Inc. $COHU

SG Americas Securities LLC purchased a new position in shares of Cohu, Inc. (NASDAQ:COHU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,085 shares of the semiconductor company’s stock, valued at approximately $632,000. SG Americas Securities LLC owned about 0.07% of Cohu as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in shares of Cohu by 7.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 27,688 shares of the semiconductor company’s stock valued at $531,000 after buying an additional 1,859 shares during the period. Leeward Investments LLC MA boosted its holdings in Cohu by 6.2% in the second quarter. Leeward Investments LLC MA now owns 452,985 shares of the semiconductor company’s stock valued at $8,715,000 after acquiring an additional 26,454 shares during the last quarter. Geode Capital Management LLC grew its position 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 valued at $22,459,000 after acquiring an additional 50,907 shares during the period. First Eagle Investment Management LLC acquired a new stake in Cohu during the second quarter worth about $3,950,000. Finally, Stanley Laman Group Ltd. acquired a new stake in Cohu during the third quarter worth about $3,109,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on COHU. Needham & Company LLC raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, January 6th. TD Cowen reaffirmed a “buy” rating on shares of Cohu in a research report on Thursday, October 30th. B. Riley reiterated a “buy” rating on shares of Cohu in a research note on Thursday, October 30th. Stifel Nicolaus raised their target price on shares of Cohu from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a report on Wednesday. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.50.

Cohu Stock Down 1.0%

NASDAQ COHU opened at $29.47 on Friday. The company has a quick ratio of 3.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a fifty-two week low of $12.57 and a fifty-two week high of $30.65. The business has a 50 day moving average price of $24.77 and a two-hundred day moving average price of $22.23. The stock has a market cap of $1.38 billion, a PE ratio of -18.77 and a beta of 1.27.

Cohu (NASDAQ:COHU) last posted its earnings results on Wednesday, October 29th. The semiconductor company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. The business had revenue of $126.25 million for the quarter, compared to analysts’ expectations of $124.98 million. Cohu had a negative net margin of 17.22% and a negative return on equity of 3.73%. The business’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) earnings per share. As a group, sell-side analysts predict that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

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.