Hodges Capital Management Inc. Buys Shares of 141,230 Cohu, Inc. (NASDAQ:COHU)

Hodges Capital Management Inc. purchased a new position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 141,230 shares of the semiconductor company's stock, valued at approximately $3,771,000. Hodges Capital Management Inc. owned about 0.30% of Cohu at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. First Horizon Advisors Inc. increased its holdings in Cohu by 49.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 535 shares in the last quarter. KBC Group NV boosted its holdings in Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock worth $70,000 after acquiring an additional 1,132 shares during the period. Sheets Smith Wealth Management acquired a new stake in Cohu in the fourth quarter valued at approximately $205,000. US Bancorp DE raised its stake in shares of Cohu by 59.7% during the third quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company's stock valued at $227,000 after purchasing an additional 3,297 shares during the period. Finally, GSA Capital Partners LLP lifted its position in shares of Cohu by 34.3% during the third quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company's stock worth $255,000 after purchasing an additional 2,532 shares in the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on COHU shares. The Goldman Sachs Group lowered their target price on Cohu from $26.00 to $23.00 and set a "sell" rating for the company in a research note on Friday, November 1st. Craig Hallum raised shares of Cohu from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a report on Friday, November 1st. TD Cowen dropped their target price on Cohu from $36.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Finally, Needham & Company LLC downgraded Cohu from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $31.50.

Cohu Price Performance

NASDAQ COHU traded down $0.67 on Thursday, reaching $22.93. The company's stock had a trading volume of 211,228 shares, compared to its average volume of 350,047. Cohu, Inc. has a twelve month low of $21.60 and a twelve month high of $36.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The firm's 50 day moving average is $25.53 and its two-hundred day moving average is $25.91. The stock has a market cap of $1.07 billion, a PE ratio of -21.23 and a beta of 1.45.

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.