Y Intercept Hong Kong Ltd Makes New $390,000 Investment in Cohu, Inc. (NASDAQ:COHU)

Y Intercept Hong Kong Ltd purchased a new stake in Cohu, Inc. (NASDAQ:COHU - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 26,507 shares of the semiconductor company's stock, valued at approximately $390,000. Y Intercept Hong Kong Ltd owned about 0.06% of Cohu at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. increased its holdings in shares of Cohu by 18.6% in the 1st quarter. Victory Capital Management Inc. now owns 3,731,981 shares of the semiconductor company's stock valued at $54,897,000 after purchasing an additional 585,234 shares in the last quarter. Franklin Resources Inc. raised its holdings in Cohu by 1.4% in the fourth quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company's stock valued at $85,207,000 after buying an additional 45,571 shares during the period. Ameriprise Financial Inc. raised its holdings in Cohu by 15.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock valued at $30,678,000 after buying an additional 154,550 shares during the period. Frontier Capital Management Co. LLC raised its stake in shares of Cohu by 52.2% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company's stock valued at $30,420,000 after purchasing an additional 390,558 shares during the period. Finally, Systematic Financial Management LP raised its stake in shares of Cohu by 4.2% during the fourth quarter. Systematic Financial Management LP now owns 922,106 shares of the semiconductor company's stock valued at $24,620,000 after purchasing an additional 36,759 shares during the period. Hedge funds and other institutional investors own 94.67% of the company's stock.

Cohu Price Performance

Cohu stock traded up $1.27 during midday trading on Friday, hitting $19.13. The company's stock had a trading volume of 426,143 shares, compared to its average volume of 465,517. The company has a quick ratio of 3.69, a current ratio of 5.20 and a debt-to-equity ratio of 0.01. The stock's 50-day moving average price is $18.99 and its 200-day moving average price is $18.54. Cohu, Inc. has a 12 month low of $12.57 and a 12 month high of $29.42. The company has a market capitalization of $889.65 million, a PE ratio of -10.38 and a beta of 1.27.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04. Cohu had a negative net margin of 21.99% and a negative return on equity of 3.76%. The firm had revenue of $107.68 million for the quarter, compared to analysts' expectations of $106.00 million. During the same period in the previous year, the business earned ($0.01) earnings per share. Cohu's revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts anticipate that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on COHU shares. 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 decreased their price objective on shares of Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus reduced their price target on shares of Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Needham & Company LLC reissued a "hold" rating on shares of Cohu in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $27.17.

About Cohu

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.