Franklin Resources Inc. Grows Stake in Cohu, Inc. (NASDAQ:COHU)

Franklin Resources Inc. lifted its holdings in Cohu, Inc. (NASDAQ:COHU - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,191,263 shares of the semiconductor company's stock after acquiring an additional 45,571 shares during the period. Franklin Resources Inc. owned 6.85% of Cohu worth $85,207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Cohu by 1,225.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 1,287 shares during the last quarter. Smartleaf Asset Management LLC boosted 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 valued at $46,000 after acquiring an additional 1,401 shares during the last quarter. KBC Group NV grew its holdings in shares of Cohu by 75.7% in the fourth quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock valued at $70,000 after purchasing an additional 1,132 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Cohu during the fourth quarter valued at $120,000. Finally, Morgan Dempsey Capital Management LLC increased its holdings in shares of Cohu by 24.8% in 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 during the last quarter. Institutional investors own 94.67% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. B. Riley decreased their price objective on 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 reiterated a "hold" rating on shares of Cohu in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus dropped their price target on shares of Cohu from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Cohu has an average rating of "Hold" and a consensus target price of $30.57.

Cohu Stock Up 2.8 %

NASDAQ:COHU traded up $0.39 during mid-day trading on Tuesday, reaching $14.31. The company's stock had a trading volume of 144,419 shares, compared to its average volume of 364,741. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $668.61 million, a PE ratio of -9.55 and a beta of 1.39. The stock has a fifty day moving average of $18.81 and a 200-day moving average of $23.38. Cohu, Inc. has a 1 year low of $12.57 and a 1 year high of $36.60.

Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts forecast that Cohu, Inc. will post -0.36 earnings per share for the current 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.