Cohu, Inc. (NASDAQ:COHU) Shares Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC increased its stake in Cohu, Inc. (NASDAQ:COHU) by 73.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 373,765 shares of the semiconductor company’s stock after buying an additional 158,889 shares during the quarter. Peregrine Capital Management LLC owned about 0.90% of Cohu worth $6,481,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Cohu by 48.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,762 shares of the semiconductor company’s stock valued at $257,000 after purchasing an additional 6,772 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Cohu by 202.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 579,276 shares of the semiconductor company’s stock valued at $13,236,000 after purchasing an additional 387,993 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Cohu by 0.9% during the 1st quarter. Nuveen Asset Management LLC now owns 155,923 shares of the semiconductor company’s stock valued at $1,930,000 after purchasing an additional 1,415 shares in the last quarter. Geode Capital Management LLC grew its stake in Cohu by 8.3% during the 1st quarter. Geode Capital Management LLC now owns 594,974 shares of the semiconductor company’s stock valued at $7,365,000 after purchasing an additional 45,483 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Cohu by 13.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 16,105 shares of the semiconductor company’s stock valued at $199,000 after purchasing an additional 1,867 shares in the last quarter. Institutional investors and hedge funds own 90.32% of the company’s stock.

Shares of Cohu stock opened at $18.83 on Friday. The stock has a market cap of $785.27 million, a PE ratio of -15.69 and a beta of 1.88. Cohu, Inc. has a 12 month low of $8.89 and a 12 month high of $26.43. The company has a quick ratio of 1.95, a current ratio of 2.87 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $16.98 and a 200-day simple moving average of $17.59.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. Cohu had a positive return on equity of 0.11% and a negative net margin of 8.75%. The company had revenue of $144.08 million during the quarter, compared to analysts’ expectations of $143.30 million. Analysts expect that Cohu, Inc. will post -0.03 EPS for the current fiscal year.

A number of research analysts have commented on the company. Zacks Investment Research downgraded Cohu from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Stifel Nicolaus reduced their target price on Cohu from $30.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. They noted that the move was a valuation call. Deutsche Bank increased their target price on Cohu from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. DA Davidson reaffirmed a “buy” rating on shares of Cohu in a report on Friday. Finally, B. Riley increased their target price on Cohu from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $23.00.

In other Cohu news, Director William Bendush sold 4,500 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $15.28, for a total value of $68,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.07% of the stock is owned by insiders.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.

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Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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