Northern Trust Corp Raises Holdings in Cohu, Inc. (NASDAQ:COHU)

Northern Trust Corp increased its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 511,278 shares of the semiconductor company's stock after buying an additional 43,307 shares during the period. Northern Trust Corp owned about 1.10% of Cohu worth $13,651,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of COHU. Mitsubishi UFJ Asset Management Co. Ltd. lifted 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 worth $37,000 after acquiring an additional 1,287 shares during the period. Sterling Capital Management LLC grew its holdings 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 worth $40,000 after buying an additional 1,323 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Cohu by 413.3% in the fourth 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 grew its holdings 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 purchasing an additional 1,132 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Cohu by 14.5% in the fourth 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 owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COHU has been the topic of a number of recent research reports. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a research report on Friday, May 2nd. TD Cowen lowered their price target on shares of Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. StockNews.com lowered shares of Cohu from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. B. Riley cut their price target 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. Finally, Stifel Nicolaus reduced their price objective on shares of Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $28.43.

Cohu Stock Performance

COHU stock traded down $0.03 during midday trading on Monday, hitting $17.73. The stock had a trading volume of 266,050 shares, compared to its average volume of 404,601. The firm has a market capitalization of $824.50 million, a price-to-earnings ratio of -11.82 and a beta of 1.22. The stock has a 50-day simple moving average of $15.80 and a 200 day simple moving average of $21.35. Cohu, Inc. has a 52 week low of $12.57 and a 52 week high of $36.60. 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 earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.14. The company 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 for the quarter was down 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 EPS. As a group, equities research analysts anticipate that Cohu, Inc. will post -0.36 earnings per share for the current year.

Cohu 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.