Meros Investment Management LP Grows Holdings in Cohu, Inc. $COHU

Key Points

• Meros Investment Management LP has increased its stake in Cohu, Inc. by 14.0%, acquiring an additional 25,223 shares and now holds 205,356 shares.
• Several other institutional investors also significantly increased their positions in Cohu, indicating strong interest, with 94.67% of the stock currently owned by institutional investors.
• Cohu reported quarterly earnings of $0.02 per share, beating estimates, while its revenue for the quarter was up 2.9% year-over-year at $107.68 million.

Meros Investment Management LP increased its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 14.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 205,356 shares of the semiconductor company's stock after acquiring an additional 25,223 shares during the quarter. Cohu comprises 1.8% of Meros Investment Management LP's investment portfolio, making the stock its 26th biggest position. Meros Investment Management LP owned about 0.44% of Cohu worth $3,021,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its position in Cohu by 15.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock worth $30,678,000 after acquiring an additional 154,550 shares during the last quarter. GAMMA Investing LLC boosted 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 worth $39,000 after acquiring an additional 1,682 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Cohu by 6.0% during the first quarter. Janney Montgomery Scott LLC now owns 25,642 shares of the semiconductor company's stock worth $377,000 after acquiring an additional 1,454 shares during the last quarter. Bank of America Corp DE boosted its position in Cohu by 89.0% during the fourth quarter. Bank of America Corp DE now owns 110,722 shares of the semiconductor company's stock worth $2,956,000 after acquiring an additional 52,141 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Cohu by 70.8% during the fourth quarter. Deutsche Bank AG now owns 69,558 shares of the semiconductor company's stock worth $1,857,000 after acquiring an additional 28,832 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on COHU shares. Wall Street Zen lowered shares of Cohu from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Needham & Company LLC reiterated a "hold" rating on shares of Cohu in a report on Friday, May 2nd. TD Cowen decreased their target price on shares of Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Stifel Nicolaus decreased their target price on shares of Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Cohu has an average rating of "Hold" and an average target price of $27.17.

Cohu Trading Up 0.9%

Shares of Cohu stock traded up $0.17 on Monday, reaching $20.03. The company had a trading volume of 203,287 shares, compared to its average volume of 415,401. The firm's 50 day moving average price is $19.45 and its two-hundred day moving average price is $18.13. The firm has a market cap of $935.00 million, a PE ratio of -10.71 and a beta of 1.25. Cohu, Inc. has a 52-week low of $12.57 and a 52-week high of $29.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.51 and a current ratio of 4.88.

Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.04. The business had revenue of $107.68 million for the quarter, compared to the consensus estimate of $106.00 million. Cohu had a negative net margin of 22.11% and a negative return on equity of 3.74%. The business's revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) EPS. Sell-side analysts predict 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.