Bank of New York Mellon Corp Boosts Stock Position in Cohu, Inc. (NASDAQ:COHU)

Bank of New York Mellon Corp boosted its stake in Cohu, Inc. (NASDAQ:COHU - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 926,322 shares of the semiconductor company's stock after acquiring an additional 19,236 shares during the period. Bank of New York Mellon Corp owned 1.99% of Cohu worth $24,733,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COHU. Leeward Investments LLC MA bought a new stake in shares of Cohu in the 4th quarter worth approximately $7,076,000. Legacy Capital Group California Inc. purchased a new stake in Cohu in the fourth quarter worth $232,000. Handelsbanken Fonder AB raised its stake in shares of Cohu by 12.0% in the fourth quarter. Handelsbanken Fonder AB now owns 14,900 shares of the semiconductor company's stock valued at $398,000 after buying an additional 1,600 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Cohu in the 4th quarter valued at about $120,000. Finally, Principal Financial Group Inc. lifted its holdings in Cohu by 2.2% during the fourth quarter. Principal Financial Group Inc. now owns 226,031 shares of the semiconductor company's stock valued at $6,035,000 after purchasing an additional 4,920 shares during the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Cohu Trading Down 0.3 %

Shares of NASDAQ COHU traded down $0.05 during mid-day trading on Thursday, hitting $16.48. The stock had a trading volume of 350,773 shares, compared to its average volume of 485,954. The firm has a market cap of $769.55 million, a P/E ratio of -10.98 and a beta of 1.50. The business has a 50 day moving average price of $22.09 and a two-hundred day moving average price of $24.55. 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 1 year low of $15.61 and a 1 year high of $36.60.

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Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) 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%. On average, equities analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

COHU has been the subject of several recent research reports. B. Riley reduced their target price on shares of Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Stifel Nicolaus decreased their target price on Cohu from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Finally, Needham & Company LLC restated a "hold" rating on shares of Cohu in a research 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 given a buy rating to the company's stock. Based on data from MarketBeat, Cohu has an average rating of "Hold" and a consensus price target of $30.57.

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.