Meros Investment Management LP Boosts Stock Position 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 boosted its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 14.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,356 shares of the semiconductor company's stock after acquiring an additional 25,223 shares during the quarter. Cohu accounts for about 1.8% of Meros Investment Management LP's portfolio, making the stock its 26th largest position. Meros Investment Management LP owned 0.44% of Cohu worth $3,021,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Victory Capital Management Inc. grew its position in Cohu by 18.6% during the first quarter. Victory Capital Management Inc. now owns 3,731,981 shares of the semiconductor company's stock valued at $54,897,000 after buying an additional 585,234 shares during the period. Royce & Associates LP lifted its holdings in shares of Cohu by 16.4% in the first quarter. Royce & Associates LP now owns 1,679,478 shares of the semiconductor company's stock worth $24,705,000 after buying an additional 237,084 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Cohu by 15.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock valued at $30,678,000 after purchasing an additional 154,550 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in Cohu by 52.2% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company's stock valued at $30,420,000 after purchasing an additional 390,558 shares in the last quarter. Finally, Systematic Financial Management LP grew its position in Cohu by 4.2% during the fourth quarter. Systematic Financial Management LP now owns 922,106 shares of the semiconductor company's stock valued at $24,620,000 after acquiring an additional 36,759 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on COHU shares. TD Cowen cut 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. Stifel Nicolaus lowered their price target on Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a research report on Friday, May 2nd. Finally, Wall Street Zen lowered shares of Cohu from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Cohu presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.17.

Cohu Stock Down 1.0%

COHU traded down $0.1980 on Thursday, hitting $19.3320. The company had a trading volume of 68,262 shares, compared to its average volume of 460,065. Cohu, Inc. has a 12-month low of $12.57 and a 12-month high of $29.42. The stock has a market capitalization of $902.42 million, a price-to-earnings ratio of -10.36 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.51 and a current ratio of 4.88. The stock has a fifty day moving average price of $19.47 and a 200-day moving average price of $18.15.

Cohu (NASDAQ:COHU - Get Free Report) last released its earnings results on Thursday, July 31st. The semiconductor company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.04. The firm had revenue of $107.68 million during the quarter, compared to the consensus estimate of $106.00 million. Cohu had a negative return on equity of 3.74% and a negative net margin of 22.11%.The company's revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) earnings per share. Cohu has set its Q3 2025 guidance at EPS. Analysts predict that Cohu, Inc. will post -0.36 EPS for the current fiscal 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.