Dimensional Fund Advisors LP Has $79.95 Million Stake in Cohu, Inc. (NASDAQ:COHU)

Dimensional Fund Advisors LP trimmed its stake in Cohu, Inc. (NASDAQ:COHU - Free Report) by 2.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,994,291 shares of the semiconductor company's stock after selling 79,643 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.42% of Cohu worth $79,947,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on COHU shares. B. Riley reduced their price target on shares of Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Needham & Company LLC restated a "hold" rating on shares of Cohu in a research report on Friday. TD Cowen lowered their price target on Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Stifel Nicolaus cut their price objective on Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $28.43.

Cohu Stock Up 0.8 %

NASDAQ:COHU traded up $0.14 on Monday, hitting $16.83. 69,978 shares of the company's stock traded hands, compared to its average volume of 394,992. The firm has a 50-day moving average price of $16.04 and a 200-day moving average price of $21.94. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. The company has a market cap of $783.13 million, a PE ratio of -11.24 and a beta of 1.22. Cohu, Inc. has a 1 year low of $12.57 and a 1 year high of $36.60.

Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.14. The firm had revenue of $96.80 million for the quarter, compared to analyst estimates 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 revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 EPS. Equities analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

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.