Two Sigma Investments LP Has $1.46 Million Position in Cohu, Inc. (NASDAQ:COHU)

Two Sigma Investments LP raised its position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 218.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,538 shares of the semiconductor company's stock after acquiring an additional 37,414 shares during the period. Two Sigma Investments LP owned approximately 0.12% of Cohu worth $1,456,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. State of Wyoming bought a new stake in shares of Cohu in the fourth quarter valued at about $267,000. Systematic Financial Management LP lifted its stake in shares of 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 buying an additional 36,759 shares during the period. ProShare Advisors LLC lifted its stake in shares of Cohu by 44.4% in the fourth quarter. ProShare Advisors LLC now owns 13,956 shares of the semiconductor company's stock valued at $373,000 after buying an additional 4,288 shares during the period. Meros Investment Management LP lifted its stake in shares of Cohu by 1,701.3% in the fourth quarter. Meros Investment Management LP now owns 180,133 shares of the semiconductor company's stock valued at $4,810,000 after buying an additional 170,133 shares during the period. Finally, Needham Investment Management LLC lifted its stake in shares of Cohu by 47.5% in the fourth quarter. Needham Investment Management LLC now owns 118,000 shares of the semiconductor company's stock valued at $3,151,000 after buying an additional 38,000 shares during the period. 94.67% of the stock is currently owned by institutional investors.

Cohu Stock Up 1.8%

COHU traded up $0.33 on Friday, hitting $18.26. 312,423 shares of the company were exchanged, compared to its average volume of 412,526. Cohu, Inc. has a 12 month low of $12.57 and a 12 month high of $36.60. The company has a market cap of $849.14 million, a PE ratio of -12.17 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The stock's fifty day moving average is $16.14 and its 200-day moving average is $20.47.

Cohu (NASDAQ:COHU - Get Free Report) last released its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.14. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. The business had revenue of $96.80 million for the quarter, compared to analyst estimates of $96.61 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. Cohu's revenue was down 10.0% on a year-over-year basis. Equities research analysts predict that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Ratings Changes

COHU has been the subject of a number of analyst reports. B. Riley cut their price target on shares of Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a report on Friday, May 2nd. Stifel Nicolaus lowered their target price 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. Wall Street Zen cut shares of Cohu from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Finally, TD Cowen reduced their price target on shares of Cohu from $27.00 to $22.00 and set a "buy" rating on the stock 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 issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $28.43.

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.