Morgan Dempsey Capital Management LLC raised its stake in Cohu, Inc. (NASDAQ:COHU – Free Report) by 41.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,609 shares of the semiconductor company’s stock after buying an additional 2,241 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Cohu were worth $146,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in shares of Cohu by 6.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,642 shares of the semiconductor company’s stock worth $377,000 after buying an additional 1,454 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Cohu by 172.2% in the 1st quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company’s stock worth $39,000 after buying an additional 1,682 shares during the last quarter. Comerica Bank increased its holdings in shares of Cohu by 80.9% in the 1st quarter. Comerica Bank now owns 62,740 shares of the semiconductor company’s stock worth $923,000 after buying an additional 28,054 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Cohu during the 2nd quarter valued at $276,000. Finally, Azarias Capital Management L.P. grew its holdings in shares of Cohu by 239.9% during the 2nd quarter. Azarias Capital Management L.P. now owns 235,811 shares of the semiconductor company’s stock valued at $4,537,000 after purchasing an additional 166,432 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.
Cohu Price Performance
COHU stock opened at $21.72 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.51 and a current ratio of 4.88. Cohu, Inc. has a 52 week low of $12.57 and a 52 week high of $29.42. The firm’s fifty day moving average is $20.65 and its 200 day moving average is $18.71. The firm has a market cap of $1.01 billion, a P/E ratio of -11.61 and a beta of 1.36.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $27.17.
Check Out Our Latest Report on COHU
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.
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