4D Advisors LLC Buys Shares of 100,000 Cohu, Inc. (NASDAQ:COHU)

4D Advisors LLC purchased a new stake in Cohu, Inc. (NASDAQ:COHU - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 100,000 shares of the semiconductor company's stock, valued at approximately $2,670,000. Cohu accounts for approximately 1.9% of 4D Advisors LLC's investment portfolio, making the stock its 26th biggest position. 4D Advisors LLC owned 0.21% of Cohu as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of COHU. Comerica Bank lifted its position in shares of Cohu by 68.5% in the 4th quarter. Comerica Bank now owns 34,686 shares of the semiconductor company's stock valued at $926,000 after acquiring an additional 14,096 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Cohu by 9.3% in the fourth quarter. Northern Trust Corp now owns 511,278 shares of the semiconductor company's stock valued at $13,651,000 after purchasing an additional 43,307 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Cohu by 14.7% in the fourth quarter. Voya Investment Management LLC now owns 228,632 shares of the semiconductor company's stock worth $6,104,000 after buying an additional 29,382 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Cohu by 11.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,163 shares of the semiconductor company's stock valued at $1,126,000 after buying an additional 4,422 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Cohu by 14.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company's stock valued at $103,000 after buying an additional 486 shares during the period. Hedge funds and other institutional investors own 94.67% of the company's stock.

Cohu Stock Up 3.9 %

NASDAQ:COHU traded up $0.62 during trading hours on Friday, reaching $16.69. The company's stock had a trading volume of 847,742 shares, compared to its average volume of 396,251. Cohu, Inc. has a one year low of $12.57 and a one year high of $36.60. The business's 50-day moving average is $16.04 and its 200-day moving average is $21.94. 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 company has a market cap of $776.75 million, a price-to-earnings ratio of -11.13 and a beta of 1.39.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.14. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. The business had revenue of $96.80 million for the quarter, compared to analyst estimates of $96.61 million. During the same quarter in the prior year, the firm posted $0.01 EPS. The firm's revenue for the quarter was down 10.0% on a year-over-year basis. Equities research analysts predict that Cohu, Inc. will post -0.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on COHU. TD Cowen decreased their price objective on Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a research report on Friday. Stifel Nicolaus decreased their price target on shares of Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a report on Friday. B. Riley dropped their price objective on shares of Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Cohu in a research note on Friday. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $28.43.

Cohu Company Profile

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.