Leeward Investments LLC MA Buys 161,518 Shares of Cohu, Inc. (NASDAQ:COHU)

Leeward Investments LLC MA boosted its position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 60.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 426,531 shares of the semiconductor company's stock after purchasing an additional 161,518 shares during the period. Leeward Investments LLC MA owned 0.92% of Cohu worth $6,274,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Bank of New York Mellon Corp grew its position in Cohu by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 926,322 shares of the semiconductor company's stock valued at $24,733,000 after purchasing an additional 19,236 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Cohu during the 4th quarter worth $903,000. Smartleaf Asset Management LLC boosted its holdings in Cohu by 413.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock valued at $46,000 after acquiring an additional 1,401 shares during the period. Charles Schwab Investment Management Inc. increased 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 period. Finally, Amundi increased its position in Cohu by 174.5% during the fourth quarter. Amundi now owns 22,675 shares of the semiconductor company's stock worth $598,000 after acquiring an additional 14,415 shares during the period. Hedge funds and other institutional investors own 94.67% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on COHU. Stifel Nicolaus reduced their price objective 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 cut Cohu from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Cohu in a research note on Friday, May 2nd. Finally, 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Cohu has an average rating of "Hold" and a consensus price target of $28.43.

Cohu Trading Down 0.1%

COHU traded down $0.02 during midday trading on Friday, reaching $20.50. 171,629 shares of the company were exchanged, compared to its average volume of 410,434. The stock has a market capitalization of $953.02 million, a P/E ratio of -11.08 and a beta of 1.27. Cohu, Inc. has a one year low of $12.57 and a one year high of $36.60. The stock's 50-day simple moving average is $17.97 and its 200 day simple moving average is $19.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 5.20.

Cohu (NASDAQ:COHU - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, beating the consensus estimate 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 firm had revenue of $96.80 million during the quarter, compared to the consensus estimate of $96.61 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. The business's quarterly revenue was down 10.0% on a year-over-year basis. As a group, analysts forecast that Cohu, Inc. will post -0.36 earnings per share 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.