abrdn plc Sells 305,962 Shares of Cohu, Inc. (NASDAQ:COHU)

abrdn plc lessened its position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 43.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 402,436 shares of the semiconductor company's stock after selling 305,962 shares during the quarter. abrdn plc owned 0.86% of Cohu worth $10,745,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in Cohu during the third quarter valued at $528,000. Charles Schwab Investment Management Inc. increased its position in Cohu by 10.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 624,274 shares of the semiconductor company's stock worth $16,044,000 after buying an additional 59,806 shares in the last quarter. Creative Planning increased its position in Cohu by 219.4% in the third quarter. Creative Planning now owns 27,237 shares of the semiconductor company's stock worth $700,000 after buying an additional 18,709 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Cohu by 286.1% in the third quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company's stock worth $2,771,000 after buying an additional 79,890 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Cohu by 7.1% in the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company's stock worth $86,308,000 after buying an additional 224,022 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.

Cohu Trading Down 2.4 %

Shares of NASDAQ:COHU traded down $0.53 during trading on Tuesday, hitting $21.24. The company had a trading volume of 301,604 shares, compared to its average volume of 355,267. The stock has a market cap of $990.00 million, a price-to-earnings ratio of -19.67 and a beta of 1.45. Cohu, Inc. has a one year low of $21.09 and a one year high of $36.60. The company has a fifty day simple moving average of $25.19 and a two-hundred day simple moving average of $25.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on COHU. Needham & Company LLC cut Cohu from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. TD Cowen reduced their price target on Cohu from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Craig Hallum upgraded Cohu from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a research report on Friday, November 1st. Finally, The Goldman Sachs Group dropped their price objective on Cohu from $26.00 to $23.00 and set a "sell" rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $31.50.

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.