BNP Paribas Financial Markets Lowers Holdings in Cohu, Inc. (NASDAQ:COHU)

BNP Paribas Financial Markets lessened its holdings in Cohu, Inc. (NASDAQ:COHU - Free Report) by 49.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in Cohu by 14.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company's stock worth $103,000 after acquiring an additional 486 shares during the period. KBC Group NV boosted its holdings in shares of Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock worth $70,000 after buying an additional 1,132 shares during the last quarter. 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 grew its position in Cohu by 826.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock valued at $40,000 after buying an additional 1,323 shares during the period. Finally, Invesco Ltd. increased its holdings in Cohu by 0.7% during the fourth quarter. Invesco Ltd. now owns 208,108 shares of the semiconductor company's stock worth $5,556,000 after buying an additional 1,398 shares during the last quarter. 94.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Stifel Nicolaus dropped their target price on shares of 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 dropped their price objective on Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a report on Friday, May 2nd. Wall Street Zen downgraded Cohu from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Finally, TD Cowen dropped their price target on Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Cohu presently has a consensus rating of "Hold" and an average target price of $28.43.

Cohu Stock Performance

COHU stock traded up $0.78 during midday trading on Tuesday, reaching $17.74. 414,923 shares of the company's stock traded hands, compared to its average volume of 404,424. The firm has a market capitalization of $824.96 million, a PE ratio of -11.83 and a beta of 1.22. The company has a 50-day moving average price of $15.85 and a two-hundred day moving average price of $20.91. Cohu, Inc. has a 52 week low of $12.57 and a 52 week high of $36.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38.

Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.14. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. The company had revenue of $96.80 million for the quarter, compared to analyst estimates of $96.61 million. During the same period in the previous year, the company posted $0.01 EPS. The firm's revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, equities analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current year.

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.