Royce & Associates LP Raises Stock Holdings in Cohu, Inc. (NASDAQ:COHU)

Royce & Associates LP lifted its position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 28.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 3.09% of Cohu worth $38,512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its stake 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 buying an additional 535 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Cohu by 413.3% during the fourth 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 lifted its holdings in Cohu by 75.7% during the fourth 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. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Cohu in the fourth quarter worth $120,000. Finally, Morgan Dempsey Capital Management LLC grew its stake in Cohu by 24.8% in 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 period. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

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Cohu Stock Performance

NASDAQ COHU traded up $0.23 during trading on Monday, hitting $17.26. 604,355 shares of the company's stock traded hands, compared to its average volume of 337,301. 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 stock has a market capitalization of $806.21 million, a price-to-earnings ratio of -11.51 and a beta of 1.50. Cohu, Inc. has a 12-month low of $15.61 and a 12-month high of $36.60. The business has a 50 day moving average of $21.49 and a 200-day moving average of $24.34.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) 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%. As a group, equities research analysts anticipate that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on COHU. B. Riley lowered their target price on Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a research note 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 equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price 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.