Legato Capital Management LLC Purchases 5,885 Shares of Cohu, Inc. (NASDAQ:COHU)

Legato Capital Management LLC raised its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 15.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 43,824 shares of the semiconductor company’s stock after buying an additional 5,885 shares during the period. Legato Capital Management LLC’s holdings in Cohu were worth $1,170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COHU. First Horizon Advisors Inc. boosted its holdings in Cohu by 49.2% during the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 535 shares during the last quarter. KBC Group NV boosted its stake in shares of Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock worth $70,000 after buying an additional 1,132 shares during the last quarter. Sheets Smith Wealth Management bought a new position in shares of Cohu in the 4th quarter valued at about $205,000. US Bancorp DE increased its position in shares of Cohu by 59.7% in the third quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock valued at $227,000 after acquiring an additional 3,297 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in Cohu by 34.3% during the third quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock worth $255,000 after buying an additional 2,532 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on COHU shares. Needham & Company LLC cut Cohu from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday, November 1st. The Goldman Sachs Group decreased their price objective on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Finally, TD Cowen cut their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $31.50.

Cohu Stock Performance

Shares of NASDAQ COHU opened at $20.87 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The firm has a market cap of $972.75 million, a price-to-earnings ratio of -19.32 and a beta of 1.45. The stock’s fifty day moving average price is $25.07 and its two-hundred day moving average price is $25.57. Cohu, Inc. has a one year low of $20.76 and a one year high of $36.60.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.