Filing of The Day: Cohu Inc: Jpmorgan Chase & Co Opened Big New Position

Filing of The Day: Cohu Inc: Jpmorgan Chase & Co Opened Big New Position

The New Jpmorgan Chase & Co Holding in Cohu Inc

Jpmorgan Chase & Co filed with the SEC SC 13G/A form for Cohu Inc. The form can be accessed here: 000001961716001196. As reported in Jpmorgan Chase & Co’s form, the filler as of late owns 2.9% or 784,200 shares of the Information Technology–company.

Cohu Inc stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Jpmorgan Chase & Co’s positive view for the stock.

Cohu Inc Institutional Sentiment

Latest Security and Exchange filings show 117 investors own Cohu Inc. The institutional ownership in Q3 2015 is high, at 109.75% of the outstanding shares. This is increased by 7049409 the total institutional shares. 29315470 were the shares owned by these institutional investors. In total 13 funds opened new Cohu Inc stakes, 44 increased stakes. There were 22 that closed positions and 39 reduced them.

Cooke & Bieler Lp is an institutional investor bullish on Cohu Inc, owning 701859 shares as of Q3 2015 for 0.16% of its portfolio. Paradigm Capital Management Inc owns 582390 shares or 0.70% of its portfolio. NY Value Holdings Lp have 0.17% of their stock portfolio for 23406 shares. Further, Pacific Ridge Capital Partners Llc reported stake worth 1.06% of its US stock portfolio. The NY Springbank Value Partners Lp owns 8500 shares. Cohu Inc is 0.16% of the manager’s US portfolio.

Business Profile

Cohu, Inc. is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. The Company develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes (LEDs). It operates through semiconductor equipment segment. It offers products for the pick-and-place, gravity-feed, test-in-strip and turret handling, MEMS, burn-in and system-level test markets. It sells various products, including Delta EDGE, Delta MATRiX, Delta Pyramid, Delta Summit, Delta Eclipse, Delta LinX, Rasco SO1000, Rasco SO2000, Rasco Saturn and Jupiter, Rasco Jaguar, Ismeca NY32, Ismeca NY20 and Delta Fusion HD. Its principal manufacturing operations are located in Poway, California (Delta); Laguna, Philippines; Kolbermoor, Germany (Rasco), and Suzhou, China (Ismeca-kits).

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment decreased to 1.26 in Q2 2016. Its down 0.25, from 1.51 in 2016Q1. The ratio worsened, as 9 funds sold all Cohu, Inc. shares owned while 30 reduced positions. 7 funds bought stakes while 42 increased positions. They now own 20.57 million shares or 8.30% less from 22.43 million shares in 2016Q1.

Northern Tru Corp holds 0% or 347,650 shares in its portfolio. Bridgeway Capital Management last reported 0.01% of its portfolio in the stock. Nationwide Fund Advsrs holds 0.01% or 123,967 shares in its portfolio. Zacks Inv Mngmt last reported 63,148 shares in the company. Panagora Asset Mgmt holds 0% of its portfolio in Cohu, Inc. (NASDAQ:COHU) for 5,382 shares. Systematic Financial Management L P accumulated 0.1% or 700,412 shares. Vanguard Gru last reported 1.21 million shares in the company. Comml Bank Of New York Mellon Corporation last reported 0% of its portfolio in the stock. Stifel reported 25,236 shares or 0% of all its holdings. National Bank & Trust Of Montreal Can last reported 0% of its portfolio in the stock. Aqr Mngmt Lc accumulated 0% or 176,068 shares. Springbok Capital Limited Liability Co last reported 10,807 shares in the company. Pnc Fincl Gp Inc has 12,199 shares for 0% of their US portfolio. The New York-based Morgan Stanley has invested 0% in Cohu, Inc. (NASDAQ:COHU). Blackrock Institutional Tru Na holds 0% or 712,682 shares in its portfolio.

Cohu, Inc. (NASDAQ:COHU) has declined 3.60% since April 5, 2016 and is downtrending. It has underperformed by 5.56% the S&P500.

Cohu, Inc. is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. The company has a market cap of $289.88 million. The Firm develops, makes, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes (LEDs). It has a 99.67 P/E ratio. It operates through semiconductor equipment segment.

Cohu, Inc. (NASDAQ:COHU) Ratings Coverage

Out of 3 analysts covering Cohu (NASDAQ:COHU), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Cohu has been the topic of 3 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Stifel Nicolaus initiated the stock with “Hold” rating in Thursday, February 25 report. As per Friday, July 31, the company rating was maintained by Dougherty & Company. Sidoti upgraded Cohu, Inc. (NASDAQ:COHU) on Wednesday, August 19 to “Buy” rating.

Another recent and important Cohu, Inc. (NASDAQ:COHU) news was published by Marketwatch.com which published an article titled: “/quotes/zigman/3870025/realtime” on December 22, 2009.

According to Zacks Investment Research, “COHU, INC. designs and manufactures electromechanical systems (handlers) that physically put semiconductors in place for testing and interface directly with electronic test equipment (tester) which performs the electrical test of the semiconductor devices. Other products include television cameras, microwave radios and metal detectors for industrial and hobbyist use.”

COHU Company Profile

Cohu, Inc. (Cohu), incorporated on January 2, 1957, is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. The Firm develops, makes, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes (LEDs). The Firm operates through semiconductor equipment segment. The Firm offers products for the pick-and-place, gravity-feed, test-in-strip and turret handling, MEMS, burn-in and system-level test markets. The Firm sells various products, including Delta EDGE, Delta MATRiX, Delta Pyramid, Delta Summit, Delta Eclipse, Delta LinX, Rasco SO1000, Rasco SO2000, Rasco Saturn and Jupiter, Rasco Jaguar, Ismeca NY32, Ismeca NY20 and Delta Fusion HD. The Company’s principal manufacturing activities are located in Poway, California (Delta); Laguna, Philippines (Delta-kits, handler sub-assemblies and contactors); Kolbermoor, Germany (Rasco); Malacca, Malaysia (Delta, Ismeca and Rasco), and Suzhou, China (Ismeca-kits).

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