Legato Capital Management LLC Has $328,000 Stock Holdings in Cohu, Inc. (NASDAQ:COHU)

Key Points

• Legato Capital Management LLC has reduced its stake in Cohu, Inc. by 49.2%, now holding 22,265 shares worth $328,000.
• Other institutional investors, including Ameriprise Financial and Bank of America Corp DE, have increased their positions significantly, indicating ongoing interest in the semiconductor company.
• Cohu's recent earnings report showed a loss of ($0.02) per share, surpassing analysts' expectations, though the company's revenue was down 10% year-over-year.

Legato Capital Management LLC decreased its position in Cohu, Inc. (NASDAQ:COHU - Free Report) by 49.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,265 shares of the semiconductor company's stock after selling 21,559 shares during the period. Legato Capital Management LLC's holdings in Cohu were worth $328,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 purchasing an additional 1,287 shares in the last quarter. Sterling Capital Management LLC grew its position in Cohu by 826.9% in the 4th 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. Versant Capital Management Inc grew its position 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 valued at $36,000 after acquiring an additional 1,689 shares during the period. GAMMA Investing LLC boosted its holdings 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 valued at $39,000 after purchasing an additional 1,682 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position 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 valued at $103,000 after buying an additional 486 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on COHU. Needham & Company LLC restated a "hold" rating on shares of Cohu in a research note on Friday, May 2nd. Stifel Nicolaus cut their target price on shares of Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen cut shares of Cohu from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. 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 note on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $27.17.

Cohu Stock Performance

Shares of COHU traded down $0.37 during mid-day trading on Tuesday, hitting $19.14. The company's stock had a trading volume of 57,917 shares, compared to its average volume of 464,231. The firm has a market capitalization of $889.83 million, a PE ratio of -10.36 and a beta of 1.27. Cohu, Inc. has a one year low of $12.57 and a one year high of $32.69. The stock's 50-day moving average is $18.92 and its two-hundred day moving average is $18.57. 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 released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $96.61 million. During the same period in the prior year, the company posted $0.01 earnings per share. The business's revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current year.

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.