First Eagle Investment Management LLC Purchases 42,819 Shares of Cohu, Inc. $COHU

First Eagle Investment Management LLC boosted its position in Cohu, Inc. (NASDAQ:COHU) by 20.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 248,146 shares of the semiconductor company’s stock after purchasing an additional 42,819 shares during the period. First Eagle Investment Management LLC’s holdings in Cohu were worth $5,045,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Essex Investment Management Co. LLC increased its holdings in shares of Cohu by 31.4% during the 3rd quarter. Essex Investment Management Co. LLC now owns 192,846 shares of the semiconductor company’s stock worth $3,921,000 after acquiring an additional 46,113 shares during the last quarter. Geode Capital Management LLC boosted its position in Cohu by 4.6% during the second quarter. Geode Capital Management LLC now owns 1,167,208 shares of the semiconductor company’s stock worth $22,459,000 after purchasing an additional 50,907 shares during the period. Stanley Laman Group Ltd. bought a new position in Cohu during the third quarter worth $3,109,000. Creative Planning increased its holdings in shares of Cohu by 16.7% in the second quarter. Creative Planning now owns 71,920 shares of the semiconductor company’s stock valued at $1,384,000 after purchasing an additional 10,306 shares during the last quarter. Finally, CSM Advisors LLC bought a new position in shares of Cohu in the second quarter valued at about $3,268,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on COHU shares. TD Cowen lifted their target price on shares of Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Zacks Research cut Cohu from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. Stifel Nicolaus boosted their price target on Cohu from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, B. Riley Financial decreased their price objective on Cohu from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cohu has an average rating of “Hold” and a consensus target price of $33.25.

Cohu Trading Up 0.8%

Shares of COHU stock opened at $29.78 on Thursday. The stock has a market cap of $1.40 billion, a P/E ratio of -18.73 and a beta of 1.27. Cohu, Inc. has a 1 year low of $12.57 and a 1 year high of $34.96. The company has a current ratio of 6.88, a quick ratio of 5.69 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $28.66 and a 200 day simple moving average of $24.41.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.22). The company had revenue of $122.23 million during the quarter, compared to analyst estimates of $122.09 million. Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. Cohu’s revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.15) earnings per share. On average, research analysts predict that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

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.