Dimensional Fund Advisors LP Sells 79,643 Shares of Cohu, Inc. (NASDAQ:COHU)

Dimensional Fund Advisors LP lowered its position in Cohu, Inc. (NASDAQ:COHU - Free Report) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,994,291 shares of the semiconductor company's stock after selling 79,643 shares during the quarter. Dimensional Fund Advisors LP owned 6.42% of Cohu worth $79,947,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of COHU. Bank of New York Mellon Corp boosted its stake in Cohu by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 926,322 shares of the semiconductor company's stock worth $24,733,000 after buying an additional 19,236 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Cohu by 8.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 677,370 shares of the semiconductor company's stock valued at $18,086,000 after purchasing an additional 53,096 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Cohu by 2.2% in the 4th quarter. Principal Financial Group Inc. now owns 226,031 shares of the semiconductor company's stock worth $6,035,000 after buying an additional 4,920 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Cohu during the 4th quarter worth approximately $288,000. Finally, Proficio Capital Partners LLC bought a new stake in Cohu in the fourth quarter valued at $903,000. Institutional investors and hedge funds own 94.67% of the company's stock.

Wall Street Analyst Weigh In

COHU has been the subject of a number of analyst reports. Stifel Nicolaus cut their price objective on Cohu from $40.00 to $35.00 and set a "buy" rating for the company in a report on Friday, February 14th. B. Riley decreased their price objective on shares of Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Cohu in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $30.57.

Cohu Trading Down 1.8 %

Shares of NASDAQ COHU opened at $16.50 on Wednesday. The company's 50 day simple moving average is $16.26 and its 200 day simple moving average is $22.16. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. Cohu, Inc. has a fifty-two week low of $12.57 and a fifty-two week high of $36.60. The firm has a market capitalization of $767.91 million, a P/E ratio of -11.00 and a beta of 1.39.

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

About Cohu

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.

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