Cohu, Inc. (NASDAQ:COHU) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 18.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,731,981 shares of the semiconductor company's stock after purchasing an additional 585,234 shares during the period. Victory Capital Management Inc. owned approximately 8.02% of Cohu worth $54,897,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its position in Cohu by 232.0% during the first quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company's stock worth $36,000 after buying an additional 1,689 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Cohu by 1,225.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 1,287 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Cohu by 172.2% during the first quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 1,682 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Cohu by 826.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 1,323 shares during the last quarter. Finally, Palouse Capital Management Inc. boosted its holdings in shares of Cohu by 105.5% during the first quarter. Palouse Capital Management Inc. now owns 4,918 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 2,525 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company's stock.

Wall Street Analysts Forecast Growth

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

Cohu Stock Down 1.9%

Cohu stock traded down $0.38 during midday trading on Friday, hitting $19.65. The stock had a trading volume of 361,467 shares, compared to its average volume of 409,948. The company has a current ratio of 5.20, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. The stock has a market cap of $913.73 million, a P/E ratio of -10.62 and a beta of 1.27. Cohu, Inc. has a 12 month low of $12.57 and a 12 month high of $33.71. The business has a fifty day moving average price of $18.72 and a 200 day moving average price of $18.92.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.14. The firm had revenue of $96.80 million during the quarter, compared to analyst estimates of $96.61 million. Cohu had a negative return on equity of 3.76% and a negative net margin of 21.99%. Cohu's quarterly revenue was down 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 earnings per share. Research analysts predict that Cohu, Inc. will post -0.36 EPS 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.