Charles Schwab Investment Management Inc. Acquires 53,096 Shares of Cohu, Inc. (NASDAQ:COHU)

Charles Schwab Investment Management Inc. raised its position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 677,370 shares of the semiconductor company's stock after purchasing an additional 53,096 shares during the period. Charles Schwab Investment Management Inc. owned 1.45% of Cohu worth $18,086,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of Cohu by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 926,322 shares of the semiconductor company's stock worth $24,733,000 after purchasing an additional 19,236 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Cohu by 2.2% during the 4th quarter. Principal Financial Group Inc. now owns 226,031 shares of the semiconductor company's stock valued at $6,035,000 after acquiring an additional 4,920 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Cohu by 25.9% during the 3rd quarter. Jane Street Group LLC now owns 66,412 shares of the semiconductor company's stock valued at $1,707,000 after acquiring an additional 13,668 shares during the last quarter. Barclays PLC increased its holdings in shares of Cohu by 331.6% during the 3rd quarter. Barclays PLC now owns 77,600 shares of the semiconductor company's stock valued at $1,994,000 after acquiring an additional 59,622 shares during the last quarter. Finally, Needham Investment Management LLC increased its holdings in shares of Cohu by 128.6% during the 3rd quarter. Needham Investment Management LLC now owns 80,000 shares of the semiconductor company's stock valued at $2,056,000 after acquiring an additional 45,000 shares during the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

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Cohu Stock Down 2.0 %

COHU traded down $0.33 during trading on Friday, reaching $16.56. The company had a trading volume of 942,273 shares, compared to its average volume of 338,986. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. Cohu, Inc. has a 12 month low of $15.61 and a 12 month high of $36.60. The business's fifty day moving average price is $20.74 and its 200 day moving average price is $24.09. The company has a market cap of $773.52 million, a P/E ratio of -11.04 and a beta of 1.50.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. Equities analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on COHU. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a report on Tuesday, February 25th. Stifel Nicolaus lowered their price objective on Cohu from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Finally, B. Riley lowered their price objective on Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $30.57.

Cohu Profile

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.