Stanley Laman Group Ltd. Makes New $3.11 Million Investment in Cohu, Inc. $COHU

Stanley Laman Group Ltd. bought a new position in Cohu, Inc. (NASDAQ:COHU) in the 3rd quarter, Holdings Channel.com reports. The fund bought 152,943 shares of the semiconductor company’s stock, valued at approximately $3,109,000.

A number of other hedge funds have also bought and sold shares of COHU. Invesco Ltd. increased its holdings in Cohu by 478.4% in the second quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock valued at $22,612,000 after buying an additional 972,088 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in shares of Cohu by 20.0% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,355,973 shares of the semiconductor company’s stock worth $26,089,000 after acquiring an additional 226,453 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Cohu in the 2nd quarter valued at approximately $3,950,000. CSM Advisors LLC acquired a new stake in shares of Cohu during the 2nd quarter valued at approximately $3,268,000. Finally, Azarias Capital Management L.P. raised its position 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 acquiring an additional 166,432 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Cohu Stock Up 5.8%

Cohu stock opened at $24.61 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.24 and a current ratio of 4.39. Cohu, Inc. has a one year low of $12.57 and a one year high of $28.03. The company has a 50-day simple moving average of $23.60 and a 200-day simple moving average of $21.45. The firm has a market capitalization of $1.15 billion, a P/E ratio of -15.68 and a beta of 1.27.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Wednesday, October 29th. The semiconductor company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.13. Cohu had a negative net margin of 17.22% and a negative return on equity of 3.73%. The firm had revenue of $126.25 million for the quarter, compared to the consensus estimate of $124.98 million. During the same period last year, the firm posted ($0.08) EPS. Cohu’s quarterly revenue was up 32.5% compared to the same quarter last year. As a group, equities analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. B. Riley reaffirmed a “buy” rating on shares of Cohu in a report on Thursday, October 30th. Cowen reaffirmed a “buy” rating on shares of Cohu in a report on Thursday, October 30th. TD Cowen boosted their price objective on shares of Cohu from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.33.

About Cohu

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.