4D Advisors LLC bought a new stake in Cohu, Inc. (NASDAQ:COHU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,000 shares of the semiconductor company's stock, valued at approximately $2,670,000. Cohu comprises about 1.9% of 4D Advisors LLC's 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 (SEC).
A number of other large investors also recently modified their holdings of COHU. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Cohu by 1,225.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 1,287 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Cohu by 826.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 1,323 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Cohu by 413.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock worth $46,000 after buying an additional 1,401 shares during the period. KBC Group NV boosted its position in Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock valued at $70,000 after buying an additional 1,132 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of 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 acquiring an additional 486 shares during the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.
Cohu Stock Up 0.5 %
Shares of NASDAQ COHU traded up $0.08 during midday trading on Wednesday, hitting $15.69. The stock had a trading volume of 89,283 shares, compared to its average volume of 396,631. The company has a market cap of $730.21 million, a P/E ratio of -10.49 and a beta of 1.22. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The business's 50 day moving average is $15.88 and its 200-day moving average is $21.84. Cohu, Inc. has a 52 week low of $12.57 and a 52 week high of $36.60.
Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $96.80 million during the quarter, compared to analysts' expectations of $96.61 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The company's revenue was down 10.0% on a year-over-year basis. As a group, analysts predict that Cohu, Inc. will post -0.36 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on COHU shares. Needham & Company LLC reiterated a "hold" rating on shares of Cohu in a report on Friday, May 2nd. TD Cowen lowered their price objective on shares of Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a report on Friday, May 2nd. B. Riley lowered their target price on Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, February 14th. StockNews.com raised Cohu from a "sell" rating to a "hold" rating in a research report on Monday. Finally, Stifel Nicolaus lowered their price target on shares of Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Cohu currently has an average rating of "Hold" and an average target price of $28.43.
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About Cohu
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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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