Leeward Investments LLC MA Invests $7.08 Million in Cohu, Inc. (NASDAQ:COHU)

Leeward Investments LLC MA bought a new stake in shares of Cohu, Inc. (NASDAQ:COHU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 265,013 shares of the semiconductor company’s stock, valued at approximately $7,076,000. Leeward Investments LLC MA owned about 0.57% of Cohu as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. 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. Franklin Resources Inc. increased its position in Cohu by 25.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company’s stock valued at $82,134,000 after buying an additional 647,828 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Cohu by 11.6% during 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 buying an additional 152,574 shares in the last quarter. Royce & Associates LP raised its stake in Cohu by 21.4% in the third quarter. Royce & Associates LP now owns 1,126,789 shares of the semiconductor company’s stock valued at $28,958,000 after buying an additional 198,849 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Cohu by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,114,394 shares of the semiconductor company’s stock worth $28,645,000 after acquiring an additional 9,563 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. B. Riley cut their price objective on shares of Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 14th. TD Cowen dropped their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group cut their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a research note on Friday, February 14th. Finally, Stifel Nicolaus dropped their price objective on shares of Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.57.

Cohu Stock Performance

Shares of NASDAQ COHU opened at $21.03 on Monday. The company has a 50 day simple moving average of $24.28 and a two-hundred day simple moving average of $25.22. The stock has a market cap of $980.21 million, a price-to-earnings ratio of -14.02 and a beta of 1.45. 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 12 month low of $19.52 and a 12 month high of $36.60.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. As a group, analysts predict that Cohu, Inc. will post -0.36 earnings per share for the current year.

Cohu Company 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.