JPMorgan Chase & Co. Grows Position in Cohu, Inc. $COHU

JPMorgan Chase & Co. raised its position in shares of Cohu, Inc. (NASDAQ:COHU) by 11.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,610 shares of the semiconductor company’s stock after acquiring an additional 27,381 shares during the period. JPMorgan Chase & Co.’s holdings in Cohu were worth $5,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of COHU. Essex Investment Management Co. LLC increased its position in Cohu by 31.4% in the third quarter. Essex Investment Management Co. LLC now owns 192,846 shares of the semiconductor company’s stock worth $3,921,000 after purchasing an additional 46,113 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Cohu by 20.9% during the third quarter. First Eagle Investment Management LLC now owns 248,146 shares of the semiconductor company’s stock valued at $5,045,000 after purchasing an additional 42,819 shares during the last quarter. Stanley Laman Group Ltd. purchased a new position in shares of Cohu in the 3rd quarter worth $3,109,000. Systematic Financial Management LP grew its stake in shares of Cohu by 9.5% in the 2nd quarter. Systematic Financial Management LP now owns 1,028,766 shares of the semiconductor company’s stock worth $19,793,000 after buying an additional 88,982 shares in the last quarter. Finally, Dean Capital Management increased its holdings in shares of Cohu by 41.5% in the 3rd quarter. Dean Capital Management now owns 127,324 shares of the semiconductor company’s stock worth $2,588,000 after buying an additional 37,345 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors.

Insider Activity at Cohu

In other news, SVP Christopher Bohrson sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $28.57, for a total transaction of $28,570.00. Following the transaction, the senior vice president owned 176,202 shares of the company’s stock, valued at approximately $5,034,091.14. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.86% of the company’s stock.

Cohu Price Performance

Cohu stock opened at $31.82 on Thursday. Cohu, Inc. has a 12-month low of $12.57 and a 12-month high of $34.96. The company has a current ratio of 6.88, a quick ratio of 5.69 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $29.95 and a 200-day moving average price of $25.71. The firm has a market capitalization of $1.49 billion, a PE ratio of -20.01 and a beta of 1.24.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.22). Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. The firm had revenue of $122.23 million for the quarter, compared to the consensus estimate of $122.09 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. As a group, equities research analysts forecast that Cohu, Inc. will post -0.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. B. Riley Financial decreased their target price on shares of Cohu from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Stifel Nicolaus boosted their price objective on Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. TD Cowen upped their price objective on Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Needham & Company LLC raised their price objective on Cohu from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Zacks Research cut Cohu from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.00.

Cohu 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.