Lightrock Netherlands B.V. Has $6 Million Stock Position in Cohu, Inc. (NASDAQ:COHU)

Lightrock Netherlands B.V. grew its position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 36.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 407,228 shares of the semiconductor company's stock after purchasing an additional 108,471 shares during the quarter. Lightrock Netherlands B.V. owned 0.88% of Cohu worth $6,000,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of COHU. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Cohu by 1,225.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 1,287 shares during the last quarter. Sterling Capital Management LLC grew its holdings 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 acquiring an additional 1,323 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Cohu by 413.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock worth $46,000 after acquiring an additional 1,401 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Cohu by 232.0% in the 1st quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 1,689 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Cohu by 172.2% in the 1st quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 1,682 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COHU has been the topic of a number of recent research reports. Stifel Nicolaus decreased their target price on Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Wall Street Zen cut Cohu from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Needham & Company LLC restated a "hold" rating on shares of Cohu in a report on Friday, May 2nd. Finally, TD Cowen decreased their target price on Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $28.43.

Cohu Stock Down 0.1%

Shares of Cohu stock traded down $0.02 during midday trading on Friday, hitting $20.50. The company's stock had a trading volume of 171,629 shares, compared to its average volume of 411,384. The firm has a market capitalization of $953.02 million, a P/E ratio of -11.08 and a beta of 1.27. The stock has a 50-day simple moving average of $17.97 and a 200-day simple moving average of $19.42. The company has a quick ratio of 3.69, a current ratio of 5.20 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 1-year low of $12.57 and a 1-year high of $36.60.

Cohu (NASDAQ:COHU - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.14. The business had revenue of $96.80 million during the quarter, compared to analysts' expectations of $96.61 million. Cohu had a negative return on equity of 3.76% and a negative net margin of 21.99%. Cohu's revenue was down 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 earnings per share. As a group, sell-side analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current 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.