Ameriprise Financial Inc. Buys 154,550 Shares of Cohu, Inc. (NASDAQ:COHU)

Ameriprise Financial Inc. increased its stake in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,148,977 shares of the semiconductor company's stock after acquiring an additional 154,550 shares during the quarter. Ameriprise Financial Inc. owned approximately 2.47% of Cohu worth $30,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position 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 worth $37,000 after buying an additional 1,287 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Cohu by 826.9% in the 4th 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 lifted its stake in shares of Cohu by 413.3% in the 4th 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 during the period. KBC Group NV lifted its stake in shares of Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock valued at $70,000 after purchasing an additional 1,132 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Cohu by 14.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company's stock valued at $103,000 after purchasing an additional 486 shares during the period. 94.67% of the stock is currently owned by institutional investors.

Cohu Stock Down 0.2%

Shares of COHU stock traded down $0.03 during mid-day trading on Monday, hitting $17.73. The company's stock had a trading volume of 266,050 shares, compared to its average volume of 404,604. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. Cohu, Inc. has a 52-week low of $12.57 and a 52-week high of $36.60. The stock has a market cap of $824.50 million, a price-to-earnings ratio of -11.82 and a beta of 1.22. The business has a 50-day moving average price of $15.83 and a 200 day moving average price of $21.28.

Cohu (NASDAQ:COHU - Get Free Report) last posted its earnings results 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. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. The company had revenue of $96.80 million for the quarter, compared to the consensus estimate of $96.61 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. Cohu's revenue was down 10.0% on a year-over-year basis. Research analysts predict that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on COHU. Needham & Company LLC restated a "hold" rating on shares of Cohu in a research note on Friday, May 2nd. StockNews.com cut Cohu from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. 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. TD Cowen lowered their target price on Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Stifel Nicolaus lowered their target price on Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently 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.