Mizuho Markets Americas LLC has recently acquired a significant position in Cohu, Inc. (NASDAQ:COHU), purchasing 67,400 shares valued at approximately $1.37 million. This acquisition took place during the third quarter, as detailed in the firm’s latest disclosure to the Securities and Exchange Commission.
Several other institutional investors have also adjusted their positions in Cohu, indicating increasing interest in the semiconductor sector. Notably, Parallel Advisors LLC raised its stake by an impressive 869.6% in the second quarter, now holding 1,755 shares valued at $34,000 after acquiring an additional 1,574 shares. Similarly, Smartleaf Asset Management LLC increased its position by 202.7%, bringing its total to 2,113 shares worth $41,000 after adding 1,415 shares.
Other hedge funds also made significant investments. Tower Research Capital LLC boosted its holdings by 135.9%, now owning 4,526 shares worth $87,000, while Signaturefd LLC grew its stake by 355.8%, resulting in 5,429 shares valued at $104,000. Lastly, Federated Hermes Inc. increased its stake by an astonishing 664.1%, holding 6,548 shares valued at $126,000. Overall, institutional investors now own approximately 94.67% of Cohu’s stock.
Cohu’s Stock Performance and Analyst Ratings
As of Monday, Cohu’s stock opened at $28.25. Over the past year, shares have fluctuated between a low of $12.57 and a high of $30.56. Cohu’s recent performance shows a fifty-day moving average price of $24.31 and a 200-day moving average price of $22.01. Financial metrics indicate a debt-to-equity ratio of 0.01, a current ratio of 4.39, and a quick ratio of 3.24. The company’s market capitalization stands at $1.32 billion, with a P/E ratio of -17.99 and a beta of 1.27.
Cohu has garnered attention from several equities research analysts. Stifel Nicolaus recently raised its target price from $30.00 to $32.00, labeling the stock a “buy.” Similarly, Needham & Company LLC upgraded its rating from “hold” to “buy,” setting a price objective of $30.00. In contrast, Weiss Ratings maintained a “sell (d-)” rating. Cowen reaffirmed a “buy” rating, and TD Cowen lifted its price target from $22.00 to $30.00. Currently, five analysts rate Cohu as a “buy,” while one analyst has assigned a “sell” rating, leading to an average rating of “Moderate Buy” with a consensus price target of $30.50.
About Cohu, Inc.
Founded in 1947 and headquartered in Poway, California, Cohu, Inc. is recognized as a global leader in semiconductor test and inspection solutions. The company provides a comprehensive range of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). Cohu’s diverse product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems, and burn-in boards, all engineered to enhance throughput, accuracy, and reliability in semiconductor production and final testing.
As Cohu continues to attract institutional investment and receives favorable analyst ratings, its market position appears poised for potential growth in the competitive semiconductor industry.
