Cohu, Inc. (NASDAQ:COHU) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 7.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,105,906 shares of the semiconductor company's stock after acquiring an additional 295,456 shares during the quarter. Vanguard Group Inc. owned 8.64% of Cohu worth $141,407,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of COHU. FMR LLC raised its position in Cohu by 209.1% during the second quarter. FMR LLC now owns 1,391 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 941 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new stake in shares of Cohu in the second quarter valued at approximately $45,000. Captrust Financial Advisors increased its position in shares of Cohu by 96.1% in the first quarter. Captrust Financial Advisors now owns 2,698 shares of the semiconductor company's stock valued at $80,000 after buying an additional 1,322 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Cohu in the second quarter valued at approximately $80,000. Finally, State of Wyoming purchased a new stake in shares of Cohu in the fourth quarter valued at approximately $115,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on COHU. TD Cowen boosted their price objective on Cohu from $38.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. Needham & Company LLC restated a "buy" rating and issued a $36.00 price objective on shares of Cohu in a report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Cohu presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.50.

Cohu Price Performance

COHU stock traded up $0.41 during midday trading on Wednesday, reaching $32.79. The stock had a trading volume of 225,975 shares, compared to its average volume of 298,914. The company's fifty day simple moving average is $32.28 and its 200 day simple moving average is $33.02. The company has a current ratio of 6.18, a quick ratio of 4.67 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 55.76 and a beta of 1.52. Cohu, Inc. has a 52-week low of $29.07 and a 52-week high of $43.99.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. Cohu had a return on equity of 6.73% and a net margin of 4.42%. The company had revenue of $137.23 million for the quarter, compared to analyst estimates of $136.94 million. During the same quarter last year, the firm posted $0.63 EPS. The firm's revenue for the quarter was down 28.2% on a year-over-year basis. As a group, sell-side analysts predict that Cohu, Inc. will post 0.22 earnings per share for the current fiscal year.

Cohu 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.