Mizuho Markets Americas LLC Purchases New Shares in Cohu, Inc. $COHU

Mizuho Markets Americas LLC acquired a new position in shares of Cohu, Inc. (NASDAQ:COHU) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 67,400 shares of the semiconductor company’s stock, valued at approximately $1,370,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in Cohu by 869.6% in the 2nd quarter. Parallel Advisors LLC now owns 1,755 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 1,574 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Cohu by 202.7% during the second quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 1,415 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Cohu by 135.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,526 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 2,607 shares during the period. Signaturefd LLC boosted its position in Cohu by 355.8% in the second quarter. Signaturefd LLC now owns 5,429 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 4,238 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in Cohu by 664.1% in the 2nd quarter. Federated Hermes Inc. now owns 6,548 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 5,691 shares during the period. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Price Performance

Cohu stock opened at $28.25 on Monday. Cohu, Inc. has a one year low of $12.57 and a one year high of $30.56. The business has a fifty day moving average price of $24.31 and a 200-day moving average price of $22.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.39 and a quick ratio of 3.24. The firm has a market capitalization of $1.32 billion, a P/E ratio of -17.99 and a beta of 1.27.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Wednesday, October 29th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. The company had revenue of $126.25 million for the quarter, compared to analyst estimates of $124.98 million. Cohu had a negative return on equity of 3.73% and a negative net margin of 17.22%.The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. As a group, equities research analysts forecast that Cohu, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Stifel Nicolaus lifted their target price on Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday. Needham & Company LLC raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research report on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of Cohu in a research report on Thursday, October 30th. Finally, TD Cowen lifted their price objective on Cohu from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cohu presently has an average rating of “Moderate Buy” and a consensus price target of $30.50.

Cohu Company Profile

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.