Cohu, Inc. (NASDAQ:COHU) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its position in Cohu, Inc. (NASDAQ:COHU - Free Report) by 78.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,615,235 shares of the semiconductor company's stock after purchasing an additional 1,152,825 shares during the period. Thrivent Financial for Lutherans owned 5.61% of Cohu worth $69,827,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. grew its position in shares of Cohu by 25.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company's stock worth $82,134,000 after acquiring an additional 647,828 shares in the last quarter. Royce & Associates LP lifted its stake in Cohu by 28.0% during the fourth quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company's stock worth $38,512,000 after purchasing an additional 315,605 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Cohu by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,114,394 shares of the semiconductor company's stock worth $28,645,000 after purchasing an additional 9,563 shares during the period. Bank of New York Mellon Corp increased its stake in Cohu by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 926,322 shares of the semiconductor company's stock valued at $24,733,000 after purchasing an additional 19,236 shares during the last quarter. Finally, Systematic Financial Management LP lifted its holdings in Cohu by 9.7% in the third quarter. Systematic Financial Management LP now owns 885,347 shares of the semiconductor company's stock worth $22,753,000 after acquiring an additional 78,037 shares during the last quarter. 94.67% of the stock is owned by institutional investors.

Remove Ads

Cohu Stock Performance

Shares of NASDAQ:COHU traded down $0.33 on Friday, hitting $16.56. The company's stock had a trading volume of 942,273 shares, compared to its average volume of 338,986. The company has a market capitalization of $773.52 million, a price-to-earnings ratio of -11.04 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. Cohu, Inc. has a 12 month low of $15.61 and a 12 month high of $36.60. The stock's 50-day moving average is $20.74 and its two-hundred day moving average is $24.09.

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

Analyst Ratings Changes

Several analysts recently issued reports on COHU shares. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a report on Tuesday, February 25th. B. Riley cut their target price on Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Finally, Stifel Nicolaus reduced their price target on shares of Cohu from $40.00 to $35.00 and set a "buy" rating for the company in a report on Friday, February 14th. Two research 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's stock. According to MarketBeat, Cohu presently has an average rating of "Hold" and a consensus target price of $30.57.

Cohu Company 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.