272 Capital LP Increases Stock Holdings in Cohu, Inc. (NASDAQ:COHU)

272 Capital LP boosted its stake in Cohu, Inc. (NASDAQ:COHU) by 137.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,654 shares of the semiconductor company’s stock after buying an additional 34,000 shares during the quarter. 272 Capital LP owned approximately 0.12% of Cohu worth $1,941,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. TFO Wealth Partners LLC raised its holdings in shares of Cohu by 10,587.5% in the fourth quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock valued at $283,000 after purchasing an additional 847 shares during the last quarter. Signaturefd LLC grew its position in Cohu by 1,256.3% in the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 804 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Cohu by 558.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 922 shares during the last quarter. CWM LLC lifted its position in shares of Cohu by 158.1% during the 2nd quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock worth $51,000 after buying an additional 939 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Cohu in the 2nd quarter worth approximately $97,000. 94.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COHU. StockNews.com downgraded Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Citigroup lowered Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research report on Monday, July 15th. Finally, Needham & Company LLC cut their price target on shares of Cohu from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $35.00.

Cohu Trading Down 1.2 %

Shares of COHU opened at $24.50 on Tuesday. The firm has a market cap of $1.15 billion, a P/E ratio of -490.00 and a beta of 1.53. Cohu, Inc. has a fifty-two week low of $22.80 and a fifty-two week high of $36.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.09 and a current ratio of 6.95. The business has a 50-day moving average of $27.05 and a 200 day moving average of $29.95.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The business had revenue of $104.70 million during the quarter, compared to the consensus estimate of $105.00 million. Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. As a group, research analysts forecast that Cohu, Inc. will post -0.41 EPS for the current 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.