First Eagle Investment Management LLC Has $5.05 Million Holdings in Cohu, Inc. $COHU

Key Points

• First Eagle Investment Management boosted its stake in Cohu by 20.9% to 248,146 shares, now worth about $5.05 million (≈0.53% of the company) after adding 42,819 shares in Q3.
• Several other institutions made large moves — Invesco (+478.4%), Tributary Capital (+131.5%), Frontier (+20%) and new positions from Highbridge and CSM — leaving institutional ownership at about 94.67%.
• Cohu missed quarterly EPS (‑$0.15 vs. $0.07 expected) despite revenue rising 29.9% YoY; analysts are mixed but the consensus rating is a Hold with a $33.25 consensus price target.

First Eagle Investment Management LLC boosted its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 20.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 248,146 shares of the semiconductor company's stock after acquiring an additional 42,819 shares during the period. First Eagle Investment Management LLC owned approximately 0.53% of Cohu worth $5,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of Cohu by 478.4% during the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company's stock valued at $22,612,000 after purchasing an additional 972,088 shares in the last quarter. Tributary Capital Management LLC lifted its stake in Cohu by 131.5% in the third quarter. Tributary Capital Management LLC now owns 1,520,386 shares of the semiconductor company's stock valued at $30,909,000 after buying an additional 863,654 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in shares of Cohu by 20.0% in the second quarter. Frontier Capital Management Co. LLC now owns 1,355,973 shares of the semiconductor company's stock valued at $26,089,000 after buying an additional 226,453 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of Cohu in the third quarter valued at approximately $3,509,000. Finally, CSM Advisors LLC bought a new stake in shares of Cohu during the second quarter worth $3,268,000. 94.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cohu in a research report on Wednesday, January 21st. Needham & Company LLC boosted their price target on Cohu from $30.00 to $33.00 and gave the company a "buy" rating in a report on Friday, February 13th. Stifel Nicolaus upped their price objective on Cohu from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, January 14th. B. Riley Financial dropped their target price on Cohu from $35.00 to $33.00 and set a "buy" rating on the stock in a research report on Friday, February 13th. Finally, TD Cowen upped their price target on Cohu from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.25.

Cohu Price Performance

NASDAQ:COHU opened at $29.78 on Thursday. Cohu, Inc. has a 52-week low of $12.57 and a 52-week high of $34.96. The company has a market cap of $1.40 billion, a P/E ratio of -18.73 and a beta of 1.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.69 and a current ratio of 6.88. The stock's 50-day simple moving average is $28.66 and its 200 day simple moving average is $24.41.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share 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 the consensus estimate of $122.09 million. Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. The firm's revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.15) earnings per share. As a group, sell-side analysts forecast that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Cohu Company 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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