Azzad Asset Management Inc. ADV Purchases Shares of 35,809 Cohu, Inc. (NASDAQ:COHU)

Azzad Asset Management Inc. ADV bought a new stake in Cohu, Inc. (NASDAQ:COHU - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 35,809 shares of the semiconductor company's stock, valued at approximately $527,000. Azzad Asset Management Inc. ADV owned about 0.08% of Cohu at the end of the most recent quarter.

Several other large investors have also modified their holdings of COHU. Tower Research Capital LLC TRC increased its holdings in Cohu by 14.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company's stock valued at $103,000 after purchasing an additional 486 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cohu by 3.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,309 shares of the semiconductor company's stock worth $702,000 after buying an additional 837 shares during the last quarter. Vident Advisory LLC raised its stake in shares of Cohu by 5.3% in the 4th quarter. Vident Advisory LLC now owns 18,450 shares of the semiconductor company's stock valued at $493,000 after purchasing an additional 933 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Cohu by 1,225.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock worth $37,000 after buying an additional 1,287 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of Cohu by 826.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock valued at $40,000 after acquiring an additional 1,323 shares during the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Cohu Stock Performance

NASDAQ:COHU traded down $0.03 during midday trading on Thursday, reaching $18.18. The stock had a trading volume of 219,657 shares, compared to its average volume of 413,351. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.20 and a quick ratio of 3.69. The stock has a market capitalization of $845.42 million, a P/E ratio of -9.83 and a beta of 1.25. Cohu, Inc. has a 1-year low of $12.57 and a 1-year high of $36.60. The firm's fifty day simple moving average is $16.85 and its 200-day simple moving average is $20.05.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.14. Cohu had a negative net margin of 21.99% and a negative return on equity of 3.76%. The company had revenue of $96.80 million during the quarter, compared to analysts' expectations of $96.61 million. During the same quarter in the previous year, the company earned $0.01 earnings per share. Cohu's revenue for the quarter was down 10.0% on a year-over-year basis. On average, equities research analysts forecast that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COHU. Needham & Company LLC restated a "hold" rating on shares of Cohu in a research note on Friday, May 2nd. Wall Street Zen cut Cohu from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. TD Cowen reduced their price objective on shares of Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Stifel Nicolaus cut their target price on shares of Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Cohu currently has a consensus rating of "Hold" and a consensus target price 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.