Squarepoint Ops LLC Acquires New Holdings in Cohu, Inc. (NASDAQ:COHU)

Squarepoint Ops LLC bought a new position in Cohu, Inc. (NASDAQ:COHU) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,948 shares of the semiconductor company’s stock, valued at approximately $594,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Inspire Advisors LLC acquired a new position in shares of Cohu during the first quarter worth approximately $755,000. Vanguard Group Inc. grew its stake in shares of Cohu by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,165,622 shares of the semiconductor company’s stock worth $147,421,000 after purchasing an additional 59,716 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Cohu by 111.0% in the first quarter. BNP Paribas Financial Markets now owns 39,061 shares of the semiconductor company’s stock worth $1,302,000 after purchasing an additional 20,549 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Cohu by 11.2% during the first quarter. Sei Investments Co. now owns 160,259 shares of the semiconductor company’s stock valued at $5,341,000 after purchasing an additional 16,159 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Cohu during the first quarter valued at about $596,000. Institutional investors own 94.67% of the company’s stock.

Cohu Stock Down 0.2 %

Shares of Cohu stock opened at $24.67 on Wednesday. Cohu, Inc. has a 12-month low of $22.80 and a 12-month high of $36.60. The firm has a market capitalization of $1.16 billion, a PE ratio of -493.40 and a beta of 1.53. 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 stock’s fifty day moving average is $25.38 and its 200-day moving average is $29.45.

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

Wall Street Analyst Weigh In

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

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.