Cohu, Inc. (NASDAQ:COHU) Stock Holdings Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,002 shares of the semiconductor company’s stock after buying an additional 1,247 shares during the period. The Manufacturers Life Insurance Company owned about 0.05% of Cohu worth $794,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Signaturefd LLC grew its stake in shares of Cohu by 1,256.3% in the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 804 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Cohu by 558.8% during the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 922 shares during the last quarter. CWM LLC lifted its holdings in Cohu by 158.1% in the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 939 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Cohu during the second quarter worth $97,000. Finally, Perkins Coie Trust Co acquired a new position in Cohu in the second quarter valued at about $132,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analyst Ratings Changes

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

Cohu Price Performance

Shares of COHU opened at $26.11 on Tuesday. The firm has a 50 day moving average of $25.16 and a 200 day moving average of $29.26. The company has a quick ratio of 5.09, a current ratio of 6.95 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.23 billion, a P/E ratio of -522.20 and a beta of 1.53. Cohu, Inc. has a twelve month low of $22.80 and a twelve month high of $36.60.

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

About Cohu

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.