Bank of America Corp DE Buys 52,141 Shares of Cohu, Inc. (NASDAQ:COHU)

Bank of America Corp DE lifted its stake in Cohu, Inc. (NASDAQ:COHU - Free Report) by 89.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,722 shares of the semiconductor company's stock after buying an additional 52,141 shares during the quarter. Bank of America Corp DE owned approximately 0.24% of Cohu worth $2,956,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. increased its position in Cohu by 15.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock worth $30,678,000 after purchasing an additional 154,550 shares during the last quarter. 4D Advisors LLC bought a new stake in Cohu in the fourth quarter worth $2,670,000. Comerica Bank increased its position in Cohu by 68.5% in the fourth quarter. Comerica Bank now owns 34,686 shares of the semiconductor company's stock worth $926,000 after purchasing an additional 14,096 shares during the last quarter. Northern Trust Corp increased its position in Cohu by 9.3% in the fourth quarter. Northern Trust Corp now owns 511,278 shares of the semiconductor company's stock worth $13,651,000 after purchasing an additional 43,307 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in Cohu by 14.7% in the fourth quarter. Voya Investment Management LLC now owns 228,632 shares of the semiconductor company's stock worth $6,104,000 after purchasing an additional 29,382 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.

Cohu Trading Up 1.5%

NASDAQ:COHU traded up $0.25 during mid-day trading on Monday, hitting $17.32. 390,874 shares of the stock traded hands, compared to its average volume of 407,004. The stock has a market capitalization of $805.43 million, a price-to-earnings ratio of -11.55 and a beta of 1.22. Cohu, Inc. has a 52 week low of $12.57 and a 52 week high of $36.60. The firm's 50 day moving average is $15.89 and its two-hundred day moving average is $20.66. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.14. The business had revenue of $96.80 million for the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $0.01 EPS. On average, equities research analysts predict that Cohu, Inc. will post -0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on COHU. Needham & Company LLC restated a "hold" rating on shares of Cohu in a research report on Friday, May 2nd. TD Cowen reduced their price target on shares of Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. B. Riley reduced their target price 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. Wall Street Zen cut shares of Cohu from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, Stifel Nicolaus cut their price target on shares of Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Two investment 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.