State of Wyoming Makes New Investment in Cohu, Inc. (NASDAQ:COHU)

State of Wyoming purchased a new stake in Cohu, Inc. (NASDAQ:COHU) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 9,986 shares of the semiconductor company’s stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Cohu by 1,225.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 1,287 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Cohu by 826.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 1,323 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Cohu by 413.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 1,401 shares during the period. KBC Group NV raised its holdings in Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 1,132 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Cohu by 14.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company’s stock valued at $103,000 after buying an additional 486 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Stock Up 1.1%

Cohu stock opened at $17.28 on Friday. The firm has a market capitalization of $803.57 million, a P/E ratio of -11.52 and a beta of 1.22. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a twelve month low of $12.57 and a twelve month high of $36.60. The stock’s fifty day simple moving average is $15.85 and its 200-day simple moving average is $21.17.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.14. The firm had revenue of $96.80 million during the quarter, compared to analysts’ expectations of $96.61 million. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. Cohu’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS. As a group, equities analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on COHU. Wall Street Zen lowered shares of Cohu from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research note on Friday, May 2nd. Stifel Nicolaus dropped their price objective on Cohu from $35.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. TD Cowen decreased their target price on Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Finally, B. Riley dropped their target price on Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Cohu presently has a consensus rating of “Hold” and a consensus target price of $28.43.

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.