Cohu, Inc. $COHU Shares Bought by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Cohu, Inc. by 27.3% to a total of 147,805 shares, valued at approximately $2.17 million.
• Major hedge funds have also significantly boosted their positions in Cohu, with increases ranging from 172.2% to 826.9% in Q1 and Q4 of the previous year.
• Wall Street analysts have mixed opinions on Cohu, with a consensus rating of "Moderate Buy" and a target price of $27.17, despite some downgrades to "sell."

Public Sector Pension Investment Board increased its position in Cohu, Inc. (NASDAQ:COHU - Free Report) by 27.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 147,805 shares of the semiconductor company's stock after acquiring an additional 31,669 shares during the period. Public Sector Pension Investment Board owned about 0.32% of Cohu worth $2,174,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of Cohu by 18.6% in the first quarter. Victory Capital Management Inc. now owns 3,731,981 shares of the semiconductor company's stock worth $54,897,000 after acquiring an additional 585,234 shares during the period. Royce & Associates LP grew 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 acquiring an additional 237,084 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Cohu by 15.5% in 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 period. Frontier Capital Management Co. LLC grew its holdings in shares of 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 worth $30,420,000 after acquiring an additional 390,558 shares during the period. Finally, Systematic Financial Management LP lifted 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 purchasing an additional 36,759 shares in the last quarter. Institutional investors own 94.67% of the company's stock.

Cohu Price Performance

Shares of NASDAQ:COHU traded down $0.07 during mid-day trading on Tuesday, reaching $20.20. The stock had a trading volume of 315,030 shares, compared to its average volume of 399,361. The company has a current ratio of 4.88, a quick ratio of 3.51 and a debt-to-equity ratio of 0.01. The company has a market cap of $942.94 million, a P/E ratio of -10.80 and a beta of 1.25. Cohu, Inc. has a 1 year low of $12.57 and a 1 year high of $29.42. The business's 50 day moving average price is $19.61 and its 200 day moving average price is $18.05.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings data 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 return on equity of 3.74% and a negative net margin of 22.11%.The company's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) earnings per share. Cohu has set its Q3 2025 guidance at EPS. Research analysts expect that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on COHU. Wall Street Zen lowered Cohu from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. TD Cowen cut their price target on Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a report on Friday, May 2nd. Finally, Stifel Nicolaus cut their price target on Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $27.17.

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.