Boothbay Fund Management LLC Sells 66,679 Shares of Cohu, Inc. (NASDAQ:COHU)

Boothbay Fund Management LLC reduced its holdings in Cohu, Inc. (NASDAQ:COHU - Free Report) by 55.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,391 shares of the semiconductor company's stock after selling 66,679 shares during the period. Boothbay Fund Management LLC owned approximately 0.11% of Cohu worth $1,426,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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. KBC Group NV lifted its stake in Cohu by 75.7% in the fourth 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. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Cohu by 1,225.7% during the fourth 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 grew its position in shares of Cohu by 826.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock worth $40,000 after buying an additional 1,323 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Cohu by 0.7% in the 4th quarter. Invesco Ltd. now owns 208,108 shares of the semiconductor company's stock valued at $5,556,000 after acquiring an additional 1,398 shares during the last quarter. 94.67% of the stock is owned by institutional investors.

Cohu Stock Up 3.9 %

Shares of NASDAQ COHU traded up $0.62 during midday trading 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 fifty-two week low of $12.57 and a fifty-two week high of $36.60. The stock has a 50 day simple moving average of $16.04 and a 200-day simple moving average of $21.94. The stock has a market capitalization of $776.75 million, a price-to-earnings ratio of -11.13 and a beta of 1.39. 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 posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.14. The company had revenue of $96.80 million during the quarter, compared to the consensus estimate of $96.61 million. Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. The company's quarterly revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 EPS. Equities research analysts predict that Cohu, Inc. will post -0.36 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on COHU. B. Riley decreased their price objective on shares of Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a report on Friday, February 14th. Stifel Nicolaus reduced their target price on Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Friday. 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. Finally, Needham & Company LLC restated a "hold" rating on shares of Cohu in a report on Friday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Cohu has an average rating of "Hold" and an average 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.