Tributary Capital Management LLC increased its holdings in Cohu, Inc. (NASDAQ:COHU - Free Report) by 13.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 588,572 shares of the semiconductor company's stock after buying an additional 67,525 shares during the period. Tributary Capital Management LLC owned about 1.26% of Cohu worth $15,715,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its holdings in shares of Cohu by 5.6% during the second quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company's stock worth $263,000 after buying an additional 419 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Cohu by 49.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 535 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Cohu by 3.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company's stock worth $944,000 after acquiring an additional 1,141 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Cohu by 5.5% in the second quarter. The Manufacturers Life Insurance Company now owns 24,002 shares of the semiconductor company's stock valued at $794,000 after purchasing an additional 1,247 shares during the period. Finally, GSA Capital Partners LLP increased its position in 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 during the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. Needham & Company LLC cut shares of Cohu from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. The Goldman Sachs Group dropped their price target on Cohu from $26.00 to $23.00 and set a "sell" rating for the company in a research note on Friday, November 1st. TD Cowen reduced their price objective on Cohu from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Finally, Craig Hallum upgraded 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. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Cohu currently has an average rating of "Hold" and a consensus price target of $31.50.
Read Our Latest Research Report on COHU
Cohu Stock Down 2.1 %
Shares of NASDAQ:COHU traded down $0.52 during midday trading on Friday, reaching $23.95. The company had a trading volume of 322,122 shares, compared to its average volume of 267,355. Cohu, Inc. has a one year low of $22.80 and a one year high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The stock has a market capitalization of $1.12 billion, a P/E ratio of -22.18 and a beta of 1.47. The stock's fifty day moving average price is $26.12 and its 200-day moving average price is $26.58.
Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.02). The firm had revenue of $95.30 million during the quarter, compared to analyst estimates of $95.75 million. Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The firm's revenue for the quarter was down 36.8% on a year-over-year basis. During the same quarter last year, the business posted $0.27 earnings per share. Equities research analysts expect that Cohu, Inc. will post -0.46 earnings per share for the current fiscal year.
Cohu Profile
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Free Report)
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.
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