Foundry Partners LLC Buys 162,522 Shares of Cohu, Inc. (NASDAQ:COHU)

Foundry Partners LLC lifted its position in Cohu, Inc. (NASDAQ:COHU - Free Report) by 1,191.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 176,168 shares of the semiconductor company's stock after buying an additional 162,522 shares during the period. Foundry Partners LLC owned about 0.38% of Cohu worth $4,704,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Intech Investment Management LLC bought a new stake in Cohu during the third quarter valued at approximately $269,000. Charles Schwab Investment Management Inc. increased its stake in shares of Cohu by 10.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 624,274 shares of the semiconductor company's stock worth $16,044,000 after purchasing an additional 59,806 shares in the last quarter. FMR LLC raised its holdings in Cohu by 675.5% in the 3rd quarter. FMR LLC now owns 18,611 shares of the semiconductor company's stock worth $478,000 after purchasing an additional 16,211 shares during the period. BNP Paribas Financial Markets lifted its position in Cohu by 20.3% during the third quarter. BNP Paribas Financial Markets now owns 47,967 shares of the semiconductor company's stock valued at $1,233,000 after purchasing an additional 8,095 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in Cohu during the third quarter valued at about $876,000. 94.67% of the stock is owned by institutional investors.

Cohu Price Performance

Cohu stock traded down $0.89 during midday trading on Thursday, reaching $14.32. 199,878 shares of the stock traded hands, compared to its average volume of 372,325. 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, Inc. has a 12 month low of $12.57 and a 12 month high of $36.60. The stock's fifty day moving average is $18.15 and its 200-day moving average is $23.11. The stock has a market cap of $666.45 million, a P/E ratio of -9.56 and a beta of 1.39.

Cohu (NASDAQ:COHU - Get Free Report) last posted its 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%. As a group, equities research analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on COHU. B. Riley decreased their price objective on shares of Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a report on Tuesday, February 25th. Finally, Stifel Nicolaus lowered their price objective on Cohu from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Two 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 currently has a consensus 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.