Peregrine Capital Management LLC Acquires 158,889 Shares of Cohu, Inc. (NASDAQ:COHU)

Peregrine Capital Management LLC lifted its position in Cohu, Inc. (NASDAQ:COHU) by 73.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 373,765 shares of the semiconductor company’s stock after buying an additional 158,889 shares during the period. Peregrine Capital Management LLC’s holdings in Cohu were worth $6,481,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Cohu by 48.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,762 shares of the semiconductor company’s stock valued at $257,000 after buying an additional 6,772 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Cohu by 202.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 579,276 shares of the semiconductor company’s stock valued at $13,236,000 after buying an additional 387,993 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Cohu by 0.9% in the 1st quarter. Nuveen Asset Management LLC now owns 155,923 shares of the semiconductor company’s stock valued at $1,930,000 after buying an additional 1,415 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Cohu by 8.3% in the 1st quarter. Geode Capital Management LLC now owns 594,974 shares of the semiconductor company’s stock valued at $7,365,000 after buying an additional 45,483 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Cohu by 13.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 16,105 shares of the semiconductor company’s stock valued at $199,000 after buying an additional 1,867 shares in the last quarter. Institutional investors and hedge funds own 90.32% of the company’s stock.

In related news, Director William Bendush sold 4,500 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $15.28, for a total value of $68,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.07% of the company’s stock.

A number of analysts recently commented on COHU shares. B. Riley upped their price objective on shares of Cohu from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Stifel Nicolaus lowered their target price on Cohu from $30.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. They noted that the move was a valuation call. BidaskClub upgraded Cohu from a “hold” rating to a “buy” rating in a report on Thursday. Cowen increased their target price on Cohu from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Zacks Investment Research cut Cohu from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $23.00.

Cohu stock opened at $18.83 on Friday. The firm has a 50-day moving average of $16.98 and a 200-day moving average of $17.59. Cohu, Inc. has a one year low of $8.89 and a one year high of $26.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.87 and a quick ratio of 1.95. The company has a market cap of $785.27 million, a price-to-earnings ratio of -15.69 and a beta of 1.88.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.15. Cohu had a negative net margin of 8.75% and a positive return on equity of 0.11%. The company had revenue of $144.08 million during the quarter, compared to the consensus estimate of $143.30 million. As a group, sell-side analysts expect that Cohu, Inc. will post -0.03 earnings per share for the current year.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.

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Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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