Renaissance Technologies LLC Reduces Holdings in Cohu, Inc. (NASDAQ:COHU)

Renaissance Technologies LLC cut its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 52.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,900 shares of the semiconductor company's stock after selling 120,054 shares during the quarter. Renaissance Technologies LLC owned approximately 0.24% of Cohu worth $2,934,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of COHU. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Cohu by 1,225.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 1,287 shares during the last quarter. Smartleaf Asset Management LLC grew its position in 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 acquiring an additional 1,401 shares in the last quarter. KBC Group NV grew its position in Cohu by 75.7% in the fourth quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock worth $70,000 after acquiring an additional 1,132 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Cohu in the fourth quarter worth $120,000. Finally, Morgan Dempsey Capital Management LLC increased its stake in Cohu by 24.8% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 7,609 shares of the semiconductor company's stock worth $203,000 after purchasing an additional 1,513 shares during the period. 94.67% of the stock is owned by institutional investors.

Cohu Stock Performance

Shares of Cohu stock traded down $0.28 during trading on Tuesday, hitting $16.54. 49,460 shares of the company's stock were exchanged, compared to its average volume of 391,289. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The business has a 50-day simple moving average of $16.36 and a 200-day simple moving average of $22.20. Cohu, Inc. has a 52-week low of $12.57 and a 52-week high of $36.60. The stock has a market capitalization of $769.54 million, a price-to-earnings ratio of -10.97 and a beta of 1.39.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. On average, research analysts forecast that Cohu, Inc. will post -0.36 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on COHU. Needham & Company LLC restated a "hold" rating on shares of Cohu in a research note on Tuesday, February 25th. B. Riley cut their price target on Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Finally, Stifel Nicolaus cut their target price on Cohu from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $30.57.

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.