JPMorgan Chase & Co. Buys 27,381 Shares of Cohu, Inc. $COHU

JPMorgan Chase & Co. grew its stake in Cohu, Inc. (NASDAQ:COHU) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,610 shares of the semiconductor company’s stock after buying an additional 27,381 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.55% of Cohu worth $5,237,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in Cohu by 45.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 488 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Cohu by 83.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 715 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Cohu by 202.7% during the second quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 1,415 shares in the last quarter. Quadrant Capital Group LLC bought a new position in shares of Cohu in the third quarter worth approximately $81,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Cohu by 135.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,526 shares of the semiconductor company’s stock worth $87,000 after purchasing an additional 2,607 shares during the period. 94.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cohu

In other news, SVP Christopher Bohrson sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $28.57, for a total transaction of $28,570.00. Following the completion of the transaction, the senior vice president owned 176,202 shares in the company, valued at $5,034,091.14. This trade represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on COHU shares. TD Cowen raised their price objective on shares of Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Evercore began coverage on shares of Cohu in a report on Monday, March 16th. They issued an “outperform” rating and a $35.00 target price for the company. B. Riley Financial cut their price target on Cohu from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Needham & Company LLC raised their price target on Cohu from $30.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Cohu currently has an average rating of “Hold” and a consensus price target of $34.00.

Cohu Trading Up 3.9%

Cohu stock opened at $31.82 on Thursday. Cohu, Inc. has a 1 year low of $12.57 and a 1 year high of $34.96. The firm’s 50 day moving average price is $29.95 and its 200-day moving average price is $25.71. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.88 and a quick ratio of 5.69. The stock has a market cap of $1.49 billion, a P/E ratio of -20.01 and a beta of 1.24.

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

Cohu Company Profile

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.