Divisar Capital Management LLC Decreases Stock Position in Cohu, Inc. (NASDAQ:COHU)

Divisar Capital Management LLC cut its holdings in Cohu, Inc. (NASDAQ:COHU - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 436,348 shares of the semiconductor company's stock after selling 153,159 shares during the quarter. Cohu comprises 2.5% of Divisar Capital Management LLC's portfolio, making the stock its 15th largest position. Divisar Capital Management LLC owned approximately 0.94% of Cohu worth $11,650,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in COHU. Thrivent Financial for Lutherans boosted its stake in shares of Cohu by 78.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company's stock worth $69,827,000 after buying an additional 1,152,825 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Cohu by 25.9% in the third quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company's stock valued at $82,134,000 after buying an additional 647,828 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Cohu by 28.0% during the 4th quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company's stock worth $38,512,000 after acquiring an additional 315,605 shares during the last quarter. Lightrock Netherlands B.V. bought a new stake in Cohu in the 4th quarter valued at $8,016,000. Finally, Leeward Investments LLC MA bought a new position in Cohu during the fourth quarter worth $7,076,000. Institutional investors own 94.67% of the company's stock.

Cohu Stock Down 4.6 %

Cohu stock traded down $0.76 during trading on Tuesday, hitting $15.66. 124,944 shares of the company were exchanged, compared to its average volume of 396,173. 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 capitalization of $728.82 million, a P/E ratio of -10.46 and a beta of 1.22. The business's 50 day moving average is $15.96 and its 200 day moving average is $21.88. Cohu, Inc. has a 52 week low of $12.57 and a 52 week high of $36.60.

Cohu (NASDAQ:COHU - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.14. The firm had revenue of $96.80 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 EPS. Analysts predict that Cohu, Inc. will post -0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. TD Cowen decreased their price target on shares of Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday. StockNews.com upgraded Cohu from a "sell" rating to a "hold" rating in a research note on Monday. B. Riley dropped their target price on Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a report on Friday, February 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of Cohu in a research report on Friday. Finally, Stifel Nicolaus decreased their target price on shares of Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.