Azarias Capital Management L.P. Invests $1.02 Million in Cohu, Inc. (NASDAQ:COHU)

Azarias Capital Management L.P. bought a new stake in Cohu, Inc. (NASDAQ:COHU - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 69,379 shares of the semiconductor company's stock, valued at approximately $1,021,000. Cohu accounts for about 0.6% of Azarias Capital Management L.P.'s portfolio, making the stock its 22nd largest position. Azarias Capital Management L.P. owned 0.15% of Cohu as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in COHU. Thrivent Financial for Lutherans increased its position in shares of Cohu by 78.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company's stock valued at $69,827,000 after acquiring an additional 1,152,825 shares during the period. Frontier Capital Management Co. LLC increased its position in shares of Cohu by 52.2% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company's stock valued at $30,420,000 after acquiring an additional 390,558 shares during the period. Royce & Associates LP increased its position in shares of Cohu by 28.0% in the 4th quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company's stock valued at $38,512,000 after acquiring an additional 315,605 shares during the period. Leeward Investments LLC MA acquired a new position in shares of Cohu in the 4th quarter valued at $7,076,000. Finally, Meros Investment Management LP increased its position in shares of Cohu by 1,701.3% in the 4th quarter. Meros Investment Management LP now owns 180,133 shares of the semiconductor company's stock valued at $4,810,000 after acquiring an additional 170,133 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on COHU. Wall Street Zen downgraded Cohu from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Cohu in a research report on Friday, May 2nd. TD Cowen cut 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, May 2nd. Finally, Stifel Nicolaus dropped their target price on Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Cohu currently has an average rating of "Hold" and an average target price of $28.43.

Cohu Price Performance

Shares of NASDAQ:COHU traded up $0.27 during trading on Monday, reaching $18.47. 350,802 shares of the company's stock traded hands, compared to its average volume of 411,535. The company has a quick ratio of 3.69, a current ratio of 5.20 and a debt-to-equity ratio of 0.01. 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 cap of $858.86 million, a PE ratio of -9.98 and a beta of 1.26. The company has a 50-day simple moving average of $17.09 and a 200-day simple moving average of $19.78.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $96.61 million. Cohu had a negative return on equity of 3.76% and a negative net margin of 21.99%. Cohu's revenue was down 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS. As a group, analysts predict 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.