Leeward Investments LLC MA Raises Stock Holdings in Cohu, Inc. (NASDAQ:COHU)

Leeward Investments LLC MA grew its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 60.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 426,531 shares of the semiconductor company's stock after acquiring an additional 161,518 shares during the quarter. Leeward Investments LLC MA owned about 0.92% of Cohu worth $6,274,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Ameriprise Financial Inc. lifted its position in Cohu by 15.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock worth $30,678,000 after buying an additional 154,550 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Cohu by 6.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,642 shares of the semiconductor company's stock worth $377,000 after buying an additional 1,454 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Cohu by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 926,322 shares of the semiconductor company's stock worth $24,733,000 after buying an additional 19,236 shares during the last quarter. Bank of America Corp DE lifted its position in Cohu by 89.0% in the 4th quarter. Bank of America Corp DE now owns 110,722 shares of the semiconductor company's stock worth $2,956,000 after buying an additional 52,141 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Cohu by 8.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 677,370 shares of the semiconductor company's stock worth $18,086,000 after buying an additional 53,096 shares during the last quarter. Institutional investors own 94.67% of the company's stock.

Cohu Trading Down 0.1%

Shares of COHU traded down $0.02 during mid-day trading on Friday, hitting $20.50. 171,629 shares of the company's stock traded hands, compared to its average volume of 411,384. The company has a quick ratio of 3.69, a current ratio of 5.20 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 1 year low of $12.57 and a 1 year high of $36.60. The firm has a market capitalization of $953.02 million, a P/E ratio of -11.08 and a beta of 1.27. The business's 50-day moving average price is $17.97 and its 200-day moving average price is $19.33.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on COHU shares. Stifel Nicolaus dropped their target price on Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Wall Street Zen downgraded Cohu from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. TD Cowen dropped their target price on Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Cohu 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.