Cohu, Inc. (NASDAQ:COHU) Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Cohu, Inc. (NASDAQ:COHU - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 223,548 shares of the semiconductor company's stock after purchasing an additional 22,108 shares during the quarter. JPMorgan Chase & Co. owned about 0.48% of Cohu worth $5,969,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Cohu by 1,225.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 1,287 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Cohu by 413.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock worth $46,000 after buying an additional 1,401 shares in the last quarter. KBC Group NV raised its position 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 in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Cohu during the 4th quarter worth about $120,000. Finally, Morgan Dempsey Capital Management LLC raised its position in shares of Cohu by 24.8% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 7,609 shares of the semiconductor company's stock worth $203,000 after buying an additional 1,513 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. B. Riley dropped their target price on shares of Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Stifel Nicolaus dropped their target price on shares of Cohu from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Cohu in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $30.57.

Cohu Stock Up 6.8 %

Shares of COHU traded up $1.00 during mid-day trading on Wednesday, reaching $15.72. The company's stock had a trading volume of 104,082 shares, compared to its average volume of 382,510. The business has a fifty day moving average of $16.74 and a 200 day moving average of $22.45. The company has a market cap of $731.61 million, a price-to-earnings ratio of -10.48 and a beta of 1.39. Cohu, Inc. has a 1 year low of $12.57 and a 1 year high of $36.60. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU - Get Free Report) last released its earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) 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%. As a group, analysts forecast that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

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.