272 Capital LP Cuts Stock Position in Cohu, Inc. (NASDAQ:COHU)

272 Capital LP decreased its holdings in Cohu, Inc. (NASDAQ:COHU - Free Report) by 40.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,693 shares of the semiconductor company's stock after selling 63,457 shares during the period. Cohu comprises approximately 2.4% of 272 Capital LP's holdings, making the stock its 17th largest holding. 272 Capital LP owned approximately 0.20% of Cohu worth $2,502,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in COHU. Barclays PLC boosted its position in Cohu by 331.6% in the 3rd quarter. Barclays PLC now owns 77,600 shares of the semiconductor company's stock valued at $1,994,000 after buying an additional 59,622 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Cohu by 25.9% in the third quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company's stock valued at $82,134,000 after purchasing an additional 647,828 shares during the period. Sheets Smith Wealth Management bought a new position in Cohu in the fourth quarter worth approximately $205,000. Tributary Capital Management LLC grew its stake in Cohu by 13.0% in the fourth quarter. Tributary Capital Management LLC now owns 588,572 shares of the semiconductor company's stock worth $15,715,000 after purchasing an additional 67,525 shares in the last quarter. Finally, KBC Group NV increased its holdings in Cohu by 75.7% during 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 period. 94.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. TD Cowen cut their price target on Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. StockNews.com upgraded shares of Cohu from a "sell" rating to a "hold" rating in a report on Monday. Stifel Nicolaus dropped their price objective on shares of Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a report on Friday, May 2nd. Finally, B. Riley lowered their target price on Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $28.43.

Cohu Stock Performance

Shares of COHU stock traded up $0.08 during trading hours on Wednesday, hitting $15.69. The company's stock had a trading volume of 89,283 shares, compared to its average volume of 396,631. The stock has a market cap of $730.21 million, a PE ratio of -10.49 and a beta of 1.22. Cohu, Inc. has a 12-month low of $12.57 and a 12-month high of $36.60. The company has a 50 day moving average of $15.88 and a 200 day moving average of $21.84. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01.

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

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.