Lightrock Netherlands B.V. Purchases Shares of 298,757 Cohu, Inc. (NASDAQ:COHU)

Lightrock Netherlands B.V. acquired a new position in shares of Cohu, Inc. (NASDAQ:COHU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 298,757 shares of the semiconductor company’s stock, valued at approximately $8,016,000. Cohu comprises about 2.8% of Lightrock Netherlands B.V.’s holdings, making the stock its 17th biggest holding. Lightrock Netherlands B.V. owned about 0.64% of Cohu at the end of the most recent reporting period.

Several other large investors have also modified their holdings of COHU. Franklin Resources Inc. lifted its position in Cohu by 25.9% in the third quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company’s stock valued at $82,134,000 after acquiring an additional 647,828 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Cohu by 7.1% during the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after purchasing an additional 224,022 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Cohu by 21.4% in the 3rd quarter. Royce & Associates LP now owns 1,126,789 shares of the semiconductor company’s stock valued at $28,958,000 after purchasing an additional 198,849 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Cohu by 46.4% in the 3rd quarter. Tributary Capital Management LLC now owns 521,047 shares of the semiconductor company’s stock valued at $13,391,000 after purchasing an additional 165,135 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Cohu by 11.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,462,410 shares of the semiconductor company’s stock valued at $37,584,000 after purchasing an additional 152,574 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on COHU. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Friday, November 1st. TD Cowen reduced their price target on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group decreased their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Finally, Needham & Company LLC lowered shares of Cohu from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.50.

Cohu Price Performance

Shares of NASDAQ COHU opened at $21.77 on Tuesday. The stock has a fifty day moving average price of $25.31 and a 200 day moving average price of $25.67. Cohu, Inc. has a 1-year low of $21.36 and a 1-year high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The company has a market cap of $1.01 billion, a PE ratio of -20.16 and a beta of 1.45.

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.