Mizuho Markets Americas LLC Takes Position in Cohu, Inc. $COHU

Mizuho Markets Americas LLC purchased a new stake in shares of Cohu, Inc. (NASDAQ:COHU) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 67,400 shares of the semiconductor company’s stock, valued at approximately $1,370,000. Mizuho Markets Americas LLC owned about 0.14% of Cohu at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Cohu by 5.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,993 shares of the semiconductor company’s stock worth $318,000 after buying an additional 874 shares during the last quarter. Amalgamated Bank increased its holdings in Cohu by 3.4% in the 3rd quarter. Amalgamated Bank now owns 13,712 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 457 shares in the last quarter. Tributary Capital Management LLC raised its position in Cohu by 131.5% in the third quarter. Tributary Capital Management LLC now owns 1,520,386 shares of the semiconductor company’s stock valued at $30,909,000 after purchasing an additional 863,654 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Cohu during the third quarter valued at about $632,000. Finally, Penbrook Management LLC grew its holdings in shares of Cohu by 27.6% during the third quarter. Penbrook Management LLC now owns 49,500 shares of the semiconductor company’s stock worth $1,006,000 after purchasing an additional 10,700 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.

Wall Street Analyst Weigh In

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

Cohu Trading Down 3.1%

NASDAQ COHU opened at $28.25 on Monday. The company has a quick ratio of 3.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 52 week low of $12.57 and a 52 week high of $30.56. The business has a 50 day moving average price of $24.31 and a 200-day moving average price of $22.01. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -17.99 and a beta of 1.27.

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

About Cohu

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.