Jefferies Financial Group Inc. Invests $2.17 Million in Cohu, Inc. $COHU

Jefferies Financial Group Inc. bought a new position in Cohu, Inc. (NASDAQ:COHU) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 106,663 shares of the semiconductor company’s stock, valued at approximately $2,168,000.

Several other institutional investors and hedge funds also recently bought and sold shares of COHU. Invesco Ltd. boosted its holdings in Cohu by 478.4% in the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after buying an additional 972,088 shares during the period. Tributary Capital Management LLC raised its holdings in Cohu by 131.5% during the third quarter. Tributary Capital Management LLC now owns 1,520,386 shares of the semiconductor company’s stock valued at $30,909,000 after acquiring an additional 863,654 shares during the period. Frontier Capital Management Co. LLC lifted its position in shares of Cohu by 20.0% in the second quarter. Frontier Capital Management Co. LLC now owns 1,355,973 shares of the semiconductor company’s stock valued at $26,089,000 after acquiring an additional 226,453 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Cohu in the third quarter valued at about $3,509,000. Finally, CSM Advisors LLC bought a new position in shares of Cohu in the second quarter worth about $3,268,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. B. Riley Financial cut their target price on Cohu from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. Needham & Company LLC increased their price objective on shares of Cohu from $30.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 13th. TD Cowen lifted their price objective on shares of Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, Stifel Nicolaus boosted their target price on shares of Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $33.25.

Cohu Stock Performance

Shares of NASDAQ:COHU opened at $28.62 on Wednesday. The firm has a fifty day simple moving average of $29.03 and a two-hundred day simple moving average of $24.68. Cohu, Inc. has a 52 week low of $12.57 and a 52 week high of $34.96. The company has a quick ratio of 5.69, a current ratio of 6.88 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.34 billion, a P/E ratio of -18.00 and a beta of 1.27.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). The business had revenue of $122.23 million during the quarter, compared to the consensus estimate of $122.09 million. Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. The firm’s revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.15) EPS. On average, analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

Cohu 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.