Fox Run Management L.L.C. Invests $605,000 in Cohu, Inc. (NASDAQ:COHU)

Key Points

• Fox Run Management L.L.C. has invested approximately $605,000 in Cohu, Inc. by acquiring 41,116 shares, and now owns about 0.09% of the company.
• Cohu reported a quarterly earnings result with an EPS of $0.02, exceeding expectations, along with a revenue of $107.68 million, reflecting a 2.9% year-over-year increase.
• Despite positive earnings, Cohu's stock experienced a 5.0% decline recently, with analysts providing mixed ratings—two selling, one holding, and four buying the stock.

Fox Run Management L.L.C. bought a new position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 41,116 shares of the semiconductor company's stock, valued at approximately $605,000. Fox Run Management L.L.C. owned about 0.09% of Cohu as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in shares of Cohu by 232.0% during the 1st quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company's stock worth $36,000 after buying an additional 1,689 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Cohu by 172.2% during the 1st quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company's stock worth $39,000 after buying an additional 1,682 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Cohu by 826.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock worth $40,000 after buying an additional 1,323 shares during the last quarter. Palouse Capital Management Inc. lifted its stake in shares of Cohu by 105.5% during the 1st quarter. Palouse Capital Management Inc. now owns 4,918 shares of the semiconductor company's stock worth $72,000 after buying an additional 2,525 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Cohu by 14.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company's stock worth $103,000 after buying an additional 486 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company's stock.

Cohu Stock Down 5.0%

COHU stock opened at $19.86 on Friday. The company has a market cap of $927.10 million, a PE ratio of -10.62 and a beta of 1.25. The business has a 50-day simple moving average of $19.43 and a 200 day simple moving average of $18.18. Cohu, Inc. has a 52 week low of $12.57 and a 52 week 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 quarterly earnings results on Thursday, July 31st. The semiconductor company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.04. The business had revenue of $107.68 million during the quarter, compared to the consensus estimate of $106.00 million. Cohu had a negative return on equity of 3.74% and a negative net margin of 22.11%. Cohu's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. Sell-side analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Cohu from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Stifel Nicolaus reduced their target price on shares of Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a research report on Friday, May 2nd. Finally, TD Cowen reduced their target price on shares of 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, one has assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Cohu has an average rating of "Hold" and a consensus price target of $27.17.

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.

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