Proficio Capital Partners LLC Makes New $903,000 Investment in Cohu, Inc. (NASDAQ:COHU)

Proficio Capital Partners LLC purchased a new position in Cohu, Inc. (NASDAQ:COHU - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 33,802 shares of the semiconductor company's stock, valued at approximately $903,000. Proficio Capital Partners LLC owned approximately 0.07% of Cohu as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in COHU. First Horizon Advisors Inc. boosted its holdings in Cohu by 49.2% in the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 535 shares in the last quarter. KBC Group NV raised its position in shares of 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 purchasing an additional 1,132 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Cohu by 3.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company's stock worth $944,000 after purchasing an additional 1,141 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Cohu by 413.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock worth $46,000 after purchasing an additional 1,401 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC grew its position in Cohu by 24.8% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 7,609 shares of the semiconductor company's stock valued at $203,000 after purchasing an additional 1,513 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on COHU. B. Riley decreased their target price on shares of Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a report on Friday, February 14th. Stifel Nicolaus decreased their price objective on shares of Cohu from $40.00 to $35.00 and set a "buy" rating for the company in a report on Friday, February 14th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Cohu in a research note on Tuesday, February 25th. Two investment 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's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $30.57.

Cohu Stock Performance

COHU stock traded down $0.24 on Tuesday, hitting $17.13. The company had a trading volume of 279,098 shares, compared to its average volume of 339,156. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 12-month low of $15.61 and a 12-month high of $36.60. The stock has a market cap of $800.14 million, a price-to-earnings ratio of -11.42 and a beta of 1.50. The stock's 50-day simple moving average is $20.62 and its 200 day simple moving average is $24.03.

Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly 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 return on equity of 3.18% and a negative net margin of 17.38%. As a group, equities research analysts expect 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.