Cohu, Inc. (NASDAQ:COHU) Shares Acquired by Royce & Associates LP

Royce & Associates LP grew its stake in Cohu, Inc. (NASDAQ:COHU - Free Report) by 28.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,442,394 shares of the semiconductor company's stock after purchasing an additional 315,605 shares during the period. Royce & Associates LP owned approximately 3.09% of Cohu worth $38,512,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Natixis Advisors LLC grew its holdings in Cohu by 54.7% during the fourth quarter. Natixis Advisors LLC now owns 22,761 shares of the semiconductor company's stock worth $608,000 after acquiring an additional 8,047 shares during the period. CM Management LLC boosted its position in Cohu by 16.7% during the fourth quarter. CM Management LLC now owns 70,000 shares of the semiconductor company's stock worth $1,869,000 after purchasing an additional 10,000 shares in the last quarter. Amundi grew its holdings in Cohu by 174.5% in the fourth quarter. Amundi now owns 22,675 shares of the semiconductor company's stock valued at $598,000 after purchasing an additional 14,415 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Cohu in the fourth quarter valued at $903,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Cohu by 8.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 677,370 shares of the semiconductor company's stock worth $18,086,000 after buying an additional 53,096 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have recently weighed in on COHU shares. Stifel Nicolaus dropped their price objective 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. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a research report on Tuesday, February 25th. Finally, B. Riley reduced 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. Two research 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 MarketBeat.com, Cohu presently has an average rating of "Hold" and an average price target of $30.57.

Cohu Trading Down 1.3 %

Shares of NASDAQ:COHU traded down $0.23 during midday trading on Tuesday, reaching $17.04. The company's stock had a trading volume of 161,946 shares, compared to its average volume of 336,710. The business has a 50 day moving average price of $21.49 and a 200 day moving average price of $24.34. Cohu, Inc. has a 1 year low of $15.61 and a 1 year high of $36.60. The firm has a market cap of $795.70 million, a price-to-earnings ratio of -11.40 and a beta of 1.50. 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 (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. Research analysts forecast that Cohu, Inc. will post -0.36 EPS 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.