Cohu, Inc. (NASDAQ:COHU) Position Boosted by CM Management LLC

Key Points

• CM Management LLC increased its stake in Cohu, Inc. by 42.9%, acquiring an additional 30,000 shares, which brings their total to 100,000 shares valued at approximately $1.47 million.
• Cohu's recent earnings report showed it earned $0.02 per share, exceeding analysts' expectations, and revenue rose by 2.9% year-over-year.
• Wall Street analysts have mixed ratings on Cohu, with the stock receiving a consensus rating of "Hold" and an average price target of $27.17.

CM Management LLC raised its position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 42.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,000 shares of the semiconductor company's stock after acquiring an additional 30,000 shares during the period. CM Management LLC owned approximately 0.21% of Cohu worth $1,471,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in shares of Cohu by 18.6% in the first quarter. Victory Capital Management Inc. now owns 3,731,981 shares of the semiconductor company's stock worth $54,897,000 after buying an additional 585,234 shares during the period. Royce & Associates LP boosted its position in shares of Cohu by 16.4% in the first quarter. Royce & Associates LP now owns 1,679,478 shares of the semiconductor company's stock worth $24,705,000 after buying an additional 237,084 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Cohu by 15.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock worth $30,678,000 after buying an additional 154,550 shares during the period. Frontier Capital Management Co. LLC boosted its position in shares of Cohu by 52.2% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company's stock worth $30,420,000 after buying an additional 390,558 shares during the period. Finally, Systematic Financial Management LP boosted its holdings in Cohu by 4.2% in 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 last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Stifel Nicolaus reduced their price target on Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a report on Friday, May 2nd. Wall Street Zen downgraded Cohu from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Finally, TD Cowen cut their price objective on Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Cohu presently has a consensus rating of "Hold" and an average price target of $27.17.

Cohu Stock Performance

Shares of NASDAQ:COHU traded down $0.16 during trading on Friday, hitting $19.39. 382,227 shares of the company traded hands, compared to its average volume of 388,126. The stock has a market capitalization of $905.13 million, a price-to-earnings ratio of -10.37 and a beta of 1.25. The business's fifty day moving average is $19.20 and its 200-day moving average is $18.32. Cohu, Inc. has a one year low of $12.57 and a one year high of $29.42. The company has a quick ratio of 3.51, a current ratio of 4.88 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU - Get Free Report) last posted its earnings results on Thursday, July 31st. The semiconductor company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $107.68 million during the quarter, compared to analyst estimates of $106.00 million. Cohu had a negative return on equity of 3.74% and a negative net margin of 22.11%. The business's revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) earnings per share. As a group, equities analysts predict that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

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.