223,447 Shares in Cohu, Inc. $COHU Bought by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC acquired a new stake in Cohu, Inc. with 223,447 shares valued at approximately $3.3 million, increasing its ownership to about 0.48% of the company.
• Cohu's stock is currently trading at $19.53, down 1.7%, with a market capitalization of approximately $911.66 million and a price-to-earnings ratio of -10.44.
• Research analysts have mixed opinions on Cohu, with a consensus rating of "Moderate Buy" and an average target price of $27.17, despite recent reductions in price targets from various firms.

Kovitz Investment Group Partners LLC bought a new stake in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 223,447 shares of the semiconductor company's stock, valued at approximately $3,287,000. Kovitz Investment Group Partners LLC owned about 0.48% of Cohu at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of Cohu by 14.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company's stock worth $103,000 after buying an additional 486 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cohu by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,309 shares of the semiconductor company's stock worth $702,000 after buying an additional 837 shares during the last quarter. Vident Advisory LLC boosted its stake in shares of Cohu by 5.3% in the 4th quarter. Vident Advisory LLC now owns 18,450 shares of the semiconductor company's stock worth $493,000 after buying an additional 933 shares during the last quarter. US Bancorp DE boosted its stake in shares of Cohu by 12.9% in the 1st quarter. US Bancorp DE now owns 10,111 shares of the semiconductor company's stock worth $149,000 after buying an additional 1,159 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Cohu by 826.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock worth $40,000 after buying an additional 1,323 shares during the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COHU has been the topic of a number of research reports. TD Cowen dropped their price target on 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. Stifel Nicolaus dropped their price target on Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Wall Street Zen downgraded Cohu from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.17.

Cohu Price Performance

Cohu stock traded down $0.09 during mid-day trading on Thursday, hitting $19.44. The stock had a trading volume of 238,082 shares, compared to its average volume of 461,176. The firm has a market capitalization of $907.46 million, a P/E ratio of -10.40 and a beta of 1.25. The company has a current ratio of 4.88, a quick ratio of 3.51 and a debt-to-equity ratio of 0.01. The firm's 50 day moving average is $19.47 and its 200 day moving average is $18.15. Cohu, Inc. has a one year low of $12.57 and a one year high of $29.42.

Cohu (NASDAQ:COHU - Get Free Report) last issued its earnings results on Thursday, July 31st. The semiconductor company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.04. The company had revenue of $107.68 million during the quarter, compared to the consensus estimate of $106.00 million. Cohu had a negative net margin of 22.11% and a negative return on equity of 3.74%. Cohu's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) EPS. Cohu has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

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.