Essex Investment Management Co. LLC Acquires 46,113 Shares of Cohu, Inc. $COHU

Essex Investment Management Co. LLC increased its stake in Cohu, Inc. (NASDAQ:COHU) by 31.4% during the third quarter, Holdings Channel.com reports. The firm owned 192,846 shares of the semiconductor company’s stock after purchasing an additional 46,113 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Cohu were worth $3,921,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in Cohu by 45.4% during the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 488 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Cohu by 83.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 715 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Cohu by 202.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 1,415 shares during the period. Tower Research Capital LLC TRC increased its holdings in Cohu by 135.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,526 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 2,607 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in Cohu by 664.1% during the 2nd quarter. Federated Hermes Inc. now owns 6,548 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 5,691 shares during the period. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Cohu Stock Up 2.7%

Shares of COHU opened at $31.67 on Tuesday. Cohu, Inc. has a 1 year low of $12.57 and a 1 year high of $32.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.39 and a quick ratio of 3.24. The business’s 50 day simple moving average is $26.36 and its 200-day simple moving average is $23.06. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -20.17 and a beta of 1.29.

Analyst Ratings Changes

COHU has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Needham & Company LLC upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, January 6th. B. Riley Financial increased their price target on Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a report on Wednesday, January 21st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Cohu in a research note on Thursday, October 30th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cohu has a consensus rating of “Moderate Buy” and an average target price of $31.75.

Cohu Company Profile

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.