Kovack Advisors Inc. Buys 25,539 Shares of Cohu, Inc. (NASDAQ:COHU)

Key Points

• Kovack Advisors Inc. increased its holdings in Cohu, Inc. by 54.0% during the 1st quarter, owning 72,855 shares worth approximately $1,072,000.
• The company's recent earnings report showed negative earnings per share of ($0.02), surpassing the consensus estimate of ($0.16), with revenues down 10% year-over-year.
• Cohu stock has received mixed ratings from analysts, with a consensus hold rating and an average price target of $27.17 from multiple research firms.

Kovack Advisors Inc. grew its position in Cohu, Inc. (NASDAQ:COHU - Free Report) by 54.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,855 shares of the semiconductor company's stock after buying an additional 25,539 shares during the quarter. Kovack Advisors Inc. owned 0.16% of Cohu worth $1,072,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in Cohu by 232.0% during the first 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. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Cohu by 1,225.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock valued at $37,000 after buying an additional 1,287 shares during the period. GAMMA Investing LLC grew its position in Cohu by 172.2% during the first quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company's stock valued at $39,000 after buying an additional 1,682 shares during the period. Sterling Capital Management LLC boosted its position in Cohu by 826.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 1,323 shares during the period. Finally, Palouse Capital Management Inc. boosted its position in Cohu by 105.5% during the first quarter. Palouse Capital Management Inc. now owns 4,918 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 2,525 shares during the period. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on COHU. Wall Street Zen lowered shares of Cohu from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Cohu in a research note on Friday, May 2nd. Stifel Nicolaus cut their price objective 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. Finally, TD Cowen lowered their price target on shares of Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $27.17.

Cohu Stock Performance

NASDAQ COHU traded up $0.49 on Monday, reaching $19.54. 82,463 shares of the stock were exchanged, compared to its average volume of 465,850. Cohu, Inc. has a one year low of $12.57 and a one year high of $32.69. The firm has a market capitalization of $908.61 million, a PE ratio of -10.56 and a beta of 1.27. The company's 50-day simple moving average is $18.88 and its two-hundred day simple moving average is $18.61. The company has a current ratio of 5.20, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01.

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

About Cohu

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.