Victory Capital Management Inc. cut its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 6.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,146,747 shares of the semiconductor company's stock after selling 211,541 shares during the quarter. Victory Capital Management Inc. owned 6.75% of Cohu worth $84,018,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. First Horizon Advisors Inc. increased its stake in shares of 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 during the last quarter. Smartleaf Asset Management LLC grew its stake in Cohu by 413.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock valued at $46,000 after purchasing an additional 1,401 shares in the last quarter. KBC Group NV increased its position 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 purchasing an additional 1,132 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Cohu during the 4th quarter worth about $120,000. Finally, Morgan Dempsey Capital Management LLC lifted its holdings in shares of 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 buying an additional 1,513 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.
Cohu Stock Performance
Shares of NASDAQ COHU traded down $1.18 during trading hours on Monday, hitting $16.00. 1,050,158 shares of the company's stock were exchanged, compared to its average volume of 482,477. The company's 50-day moving average price is $22.71 and its 200-day moving average price is $24.75. Cohu, Inc. has a 1-year low of $15.75 and a 1-year high of $36.60. The stock has a market capitalization of $747.36 million, a price-to-earnings ratio of -10.67 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69.
Cohu (NASDAQ:COHU - Get Free Report) last issued 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 return on equity of 3.18% and a negative net margin of 17.38%. On average, sell-side analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts recently commented on COHU shares. Needham & Company LLC restated a "hold" rating on shares of Cohu in a report on Tuesday, February 25th. Stifel Nicolaus cut their price target on shares of Cohu from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Finally, B. Riley reduced their price target on Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Cohu presently has an average rating of "Hold" and a consensus target price of $30.57.
Check Out Our Latest Analysis on COHU
Cohu Profile
(
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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