Cohu, Inc. $COHU Shares Bought by Stanley Laman Group Ltd.

Key Points

• Stanley Laman Group boosted its stake in Cohu by 27.8% in Q4 to 195,536 shares (about $4.55M), and institutional investors now own roughly 94.67% of the stock.
• Analyst sentiment is mixed — five Buy vs. two Sell ratings — leaving an average MarketBeat rating of "Hold" and an average price target of $34.00 while the share price trades near $37.
• Cohu reported Q4 revenue up 29.9% year‑over‑year but missed on EPS (loss of $0.15 vs. $0.07 expected), leaving the company with a negative net margin and a market cap around $1.76 billion.

Stanley Laman Group Ltd. boosted its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 195,536 shares of the semiconductor company's stock after buying an additional 42,593 shares during the quarter. Stanley Laman Group Ltd. owned 0.42% of Cohu worth $4,550,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Moody National Bank Trust Division acquired a new stake in Cohu during the 4th quarter worth approximately $520,000. SG Americas Securities LLC lifted its holdings in Cohu by 43.2% during the 4th quarter. SG Americas Securities LLC now owns 44,529 shares of the semiconductor company's stock worth $1,036,000 after buying an additional 13,444 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Cohu by 11.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,935 shares of the semiconductor company's stock worth $441,000 after buying an additional 1,942 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Cohu by 8.7% during the 4th quarter. GAMMA Investing LLC now owns 7,477 shares of the semiconductor company's stock worth $174,000 after buying an additional 600 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Cohu by 11.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 257,610 shares of the semiconductor company's stock worth $5,237,000 after buying an additional 27,381 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on COHU shares. B. Riley Financial reduced their target price on shares of Cohu from $35.00 to $33.00 and set a "buy" rating on the stock in a report on Friday, February 13th. Stifel Nicolaus raised their price objective on shares of Cohu from $32.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, March 18th. Needham & Company LLC raised 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. Zacks Research lowered shares of Cohu from a "hold" rating to a "strong sell" rating in a report on Thursday, February 19th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Cohu in a report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $34.00.

Cohu Stock Performance

NASDAQ COHU opened at $37.34 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.88 and a quick ratio of 5.69. The firm's fifty day moving average price is $30.64 and its 200 day moving average price is $26.32. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -23.48 and a beta of 1.24. Cohu, Inc. has a 12 month low of $13.55 and a 12 month high of $37.93.

Cohu (NASDAQ:COHU - Get Free Report) last posted its 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 company had revenue of $122.23 million during the quarter, compared to analysts' expectations of $122.09 million. Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. The company's quarterly revenue was up 29.9% on a year-over-year basis. During the same period last year, the business earned ($0.15) earnings per share. On average, sell-side analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Activity at Cohu

In related news, SVP Christopher Bohrson sold 1,000 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $28.57, for a total value of $28,570.00. Following the transaction, the senior vice president directly owned 176,202 shares of the company's stock, valued at $5,034,091.14. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.05% of the stock is owned by company insiders.

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.

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