Mirae Asset Global Investments Co. Ltd. Acquires 865 Shares of Cohu, Inc. (NASDAQ:COHU)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,314 shares of the semiconductor company’s stock after acquiring an additional 865 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Cohu were worth $754,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of COHU. SG Americas Securities LLC bought a new position in Cohu during the third quarter worth about $527,000. Ziegler Capital Management LLC increased its position in Cohu by 3.7% during the third quarter. Ziegler Capital Management LLC now owns 12,716 shares of the semiconductor company’s stock worth $438,000 after acquiring an additional 456 shares during the period. Bailard Inc. increased its position in Cohu by 200.4% during the third quarter. Bailard Inc. now owns 16,823 shares of the semiconductor company’s stock worth $579,000 after acquiring an additional 11,223 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Cohu by 18.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,407 shares of the semiconductor company’s stock worth $358,000 after acquiring an additional 1,623 shares during the period. Finally, Inspire Investing LLC increased its holdings in Cohu by 17.3% in the 3rd quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock valued at $306,000 after buying an additional 1,313 shares during the period. 94.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

COHU has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $36.00 target price on shares of Cohu in a report on Friday, February 16th. TD Cowen raised their target price on shares of Cohu from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.50.

Cohu Trading Up 1.4 %

Shares of Cohu stock opened at $30.36 on Thursday. The firm has a market capitalization of $1.43 billion, a PE ratio of 51.46 and a beta of 1.52. The company has a current ratio of 6.18, a quick ratio of 4.67 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $31.68 and its 200 day moving average is $32.66. Cohu, Inc. has a 1 year low of $28.57 and a 1 year high of $43.99.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $137.23 million for the quarter, compared to analyst estimates of $136.94 million. Cohu had a net margin of 4.42% and a return on equity of 6.73%. The firm’s revenue was down 28.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. Equities research analysts forecast that Cohu, Inc. will post 0.22 earnings per share for the current fiscal 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.