BNP Paribas Financial Markets Sells 23,542 Shares of Cohu, Inc. (NASDAQ:COHU)

BNP Paribas Financial Markets trimmed its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 49.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,425 shares of the semiconductor company's stock after selling 23,542 shares during the period. BNP Paribas Financial Markets owned approximately 0.05% of Cohu worth $652,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of COHU. Barclays PLC boosted its stake in Cohu by 331.6% during the third quarter. Barclays PLC now owns 77,600 shares of the semiconductor company's stock worth $1,994,000 after acquiring an additional 59,622 shares in the last quarter. Tributary Capital Management LLC raised its holdings in shares of Cohu by 13.0% during the fourth quarter. Tributary Capital Management LLC now owns 588,572 shares of the semiconductor company's stock valued at $15,715,000 after purchasing an additional 67,525 shares during the period. KBC Group NV boosted its position in shares of Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock worth $70,000 after purchasing an additional 1,132 shares in the last quarter. Hodges Capital Management Inc. acquired a new stake in shares of Cohu in the 4th quarter valued at about $3,771,000. Finally, Lightrock Netherlands B.V. acquired a new stake in shares of Cohu in the 4th quarter valued at about $8,016,000. Institutional investors and hedge funds own 94.67% of the company's stock.

Analyst Upgrades and Downgrades

COHU has been the topic of a number of research reports. Stifel Nicolaus dropped their price target on Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen cut Cohu from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. B. Riley reduced their price target on shares of Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Needham & Company LLC restated a "hold" rating on shares of Cohu in a report on Friday, May 2nd. Finally, TD Cowen dropped their price objective on shares of Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $28.43.

Cohu Stock Down 0.2%

Cohu stock traded down $0.04 during trading on Thursday, hitting $17.67. 429,090 shares of the company were exchanged, compared to its average volume of 406,141. The company has a market capitalization of $821.71 million, a P/E ratio of -11.78 and a beta of 1.22. The business's 50 day moving average is $15.90 and its 200 day moving average is $20.80. Cohu, Inc. has a 52 week low of $12.57 and a 52 week high of $36.60. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU - Get Free Report) last announced its earnings results 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 17.38% and a negative return on equity of 3.18%. The company had revenue of $96.80 million during the quarter, compared to the consensus estimate of $96.61 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The firm's revenue for the quarter was down 10.0% on a year-over-year basis. Analysts predict that Cohu, Inc. will post -0.36 earnings per share for the current 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.