Deutsche Bank AG Has $1.86 Million Position in Cohu, Inc. (NASDAQ:COHU)

Deutsche Bank AG lifted its position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 70.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,558 shares of the semiconductor company's stock after acquiring an additional 28,832 shares during the quarter. Deutsche Bank AG owned approximately 0.15% of Cohu worth $1,857,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in Cohu by 15.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock valued at $30,678,000 after buying an additional 154,550 shares during the period. Bank of New York Mellon Corp raised its stake in Cohu by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 926,322 shares of the semiconductor company's stock valued at $24,733,000 after buying an additional 19,236 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Cohu by 8.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 677,370 shares of the semiconductor company's stock valued at $18,086,000 after buying an additional 53,096 shares during the period. Principal Financial Group Inc. raised its stake in Cohu by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 226,031 shares of the semiconductor company's stock valued at $6,035,000 after buying an additional 4,920 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in Cohu in the fourth quarter valued at approximately $288,000. Institutional investors own 94.67% of the company's stock.

Cohu Price Performance

Shares of COHU stock traded up $0.25 during trading hours on Wednesday, reaching $17.99. The company's stock had a trading volume of 370,936 shares, compared to its average volume of 404,359. The firm's 50 day simple moving average is $15.87 and its 200-day simple moving average is $20.89. The company has a market capitalization of $836.73 million, a price-to-earnings ratio of -12.04 and a beta of 1.22. Cohu, Inc. has a fifty-two week low of $12.57 and a fifty-two week high of $36.60. 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 released 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. 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 the consensus estimate of $96.61 million. During the same quarter last year, the business posted $0.01 EPS. Cohu's revenue for the quarter was down 10.0% on a year-over-year basis. Sell-side analysts forecast that Cohu, Inc. will post -0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on COHU shares. 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 lowered their target price on Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus lowered their target price 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 lowered Cohu from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, Needham & Company LLC restated a "hold" rating on shares of Cohu in a research note on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Cohu currently has a consensus rating of "Hold" and an average target price 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.