Cohu, Inc. (NASDAQ:COHU) Shares Bought by Bank of America Corp DE

Bank of America Corp DE grew its position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 89.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 0.24% of Cohu worth $2,956,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COHU. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Cohu by 1,225.7% in 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. Sterling Capital Management LLC raised its position in Cohu by 826.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock worth $40,000 after acquiring an additional 1,323 shares during the period. Smartleaf Asset Management LLC raised its position in Cohu by 413.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock worth $46,000 after acquiring an additional 1,401 shares during the period. KBC Group NV boosted its stake in Cohu by 75.7% in the fourth quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock valued at $70,000 after acquiring an additional 1,132 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Cohu by 14.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company's stock worth $103,000 after purchasing an additional 486 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.

Cohu Stock Performance

Shares of COHU traded up $0.31 during trading hours on Wednesday, reaching $18.37. 399,262 shares of the company traded hands, compared to its average volume of 411,723. The stock has a market capitalization of $854.26 million, a P/E ratio of -12.25 and a beta of 1.25. Cohu, Inc. has a 12-month low of $12.57 and a 12-month high of $36.60. The business has a fifty day moving average price of $16.01 and a 200-day moving average price of $20.57. 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 quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 3.18% and a negative net margin of 17.38%. The business's revenue was down 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 earnings per share. Equities analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Stifel Nicolaus dropped their price objective on Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. B. Riley lowered their target price on Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. TD Cowen cut their price target on Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Needham & Company LLC reiterated a "hold" rating on shares of Cohu in a research note on Friday, May 2nd. Finally, Wall Street Zen cut shares of Cohu from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $28.43.

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.