GAMMA Investing LLC Buys 38,137 Shares of Cohu, Inc. (NASDAQ:COHU)

GAMMA Investing LLC boosted its stake in Cohu, Inc. (NASDAQ:COHU - Free Report) by 3,903.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,114 shares of the semiconductor company's stock after buying an additional 38,137 shares during the period. GAMMA Investing LLC owned 0.08% of Cohu worth $575,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of COHU. Rhumbline Advisers increased its stake in shares of Cohu by 1.3% during the fourth quarter. Rhumbline Advisers now owns 142,372 shares of the semiconductor company's stock valued at $3,801,000 after purchasing an additional 1,809 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Cohu by 2.2% during the fourth quarter. Principal Financial Group Inc. now owns 226,031 shares of the semiconductor company's stock valued at $6,035,000 after purchasing an additional 4,920 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Cohu during the fourth quarter valued at approximately $120,000. Handelsbanken Fonder AB increased its stake in shares of Cohu by 12.0% during the fourth quarter. Handelsbanken Fonder AB now owns 14,900 shares of the semiconductor company's stock valued at $398,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Legacy Capital Group California Inc. bought a new position in shares of Cohu during the fourth quarter valued at approximately $232,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Cohu Stock Up 0.1%

Shares of COHU traded up $0.02 on Friday, hitting $18.20. 555,683 shares of the stock traded hands, compared to its average volume of 411,777. The company has a market capitalization of $846.30 million, a PE ratio of -9.84 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 5.20. The business has a 50 day simple moving average of $17.01 and a 200 day simple moving average of $19.88. Cohu, Inc. has a one year low of $12.57 and a one year high of $36.60.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. TD Cowen decreased their target price on shares of Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Cohu in a research note on Friday, May 2nd. Wall Street Zen downgraded shares of Cohu from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, Stifel Nicolaus decreased their target price on shares of Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.