Envestnet Asset Management Inc. Grows Position in Cohu, Inc. (NASDAQ:COHU)

Envestnet Asset Management Inc. lifted its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 30.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,509 shares of the semiconductor company's stock after purchasing an additional 25,738 shares during the quarter. Envestnet Asset Management Inc. owned 0.24% of Cohu worth $1,611,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COHU. Franklin Resources Inc. boosted its stake in Cohu by 1.4% in the fourth quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company's stock valued at $85,207,000 after buying an additional 45,571 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Cohu by 15.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock valued at $30,678,000 after acquiring an additional 154,550 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in Cohu by 52.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company's stock worth $30,420,000 after buying an additional 390,558 shares during the period. Systematic Financial Management LP lifted its stake in shares of Cohu by 4.2% in the fourth quarter. Systematic Financial Management LP now owns 922,106 shares of the semiconductor company's stock worth $24,620,000 after acquiring an additional 36,759 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Cohu by 9.3% in the 4th quarter. Northern Trust Corp now owns 511,278 shares of the semiconductor company's stock valued at $13,651,000 after purchasing an additional 43,307 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stifel Nicolaus lowered their target price on Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a report on Friday, May 2nd. TD Cowen dropped 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. Finally, Wall Street Zen cut Cohu from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $27.17.

Cohu Stock Performance

Shares of COHU traded up $1.27 during trading hours on Friday, hitting $19.13. The company's stock had a trading volume of 1,281,366 shares, compared to its average volume of 279,957. The business has a 50 day simple moving average of $19.04 and a two-hundred day simple moving average of $18.47. Cohu, Inc. has a 52-week low of $12.57 and a 52-week high of $29.42. 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 company has a market cap of $889.55 million, a price-to-earnings ratio of -10.23 and a beta of 1.26.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.04. The business had revenue of $107.68 million for the quarter, compared to analysts' expectations of $106.00 million. Cohu had a negative return on equity of 3.71% and a negative net margin of 22.11%. The firm's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) EPS. On average, equities analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

About Cohu

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.