Cohu, Inc. (NASDAQ:COHU) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its stake in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 70.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,558 shares of the semiconductor company's stock after purchasing an additional 28,832 shares during the period. Deutsche Bank AG owned 0.15% of Cohu worth $1,857,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barclays PLC lifted its holdings in Cohu by 331.6% in the 3rd quarter. Barclays PLC now owns 77,600 shares of the semiconductor company's stock valued at $1,994,000 after purchasing an additional 59,622 shares in the last quarter. Tributary Capital Management LLC raised its position in shares of Cohu by 13.0% in the fourth quarter. Tributary Capital Management LLC now owns 588,572 shares of the semiconductor company's stock valued at $15,715,000 after buying an additional 67,525 shares during the last quarter. KBC Group NV raised its position in shares of Cohu by 75.7% in the fourth quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock valued at $70,000 after buying an additional 1,132 shares during the last quarter. Hodges Capital Management Inc. purchased a new position in shares of Cohu in the fourth quarter worth about $3,771,000. Finally, Lightrock Netherlands B.V. acquired a new position in Cohu during the fourth quarter worth about $8,016,000. 94.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen downgraded shares of Cohu from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Stifel Nicolaus cut their price target on Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a report on Friday, May 2nd. TD Cowen reduced their price objective on Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. B. Riley lowered 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. Finally, Needham & Company LLC restated a "hold" rating on shares of Cohu in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $28.43.

Cohu Trading Down 0.2%

Cohu stock traded down $0.04 during mid-day trading on Thursday, hitting $17.67. The company's stock had a trading volume of 429,090 shares, compared to its average volume of 406,141. The stock's fifty day moving average is $15.90 and its two-hundred day moving average is $20.80. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $821.71 million, a PE ratio of -11.78 and a beta of 1.22. Cohu, Inc. has a 1 year low of $12.57 and a 1 year high of $36.60.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly 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. The business had revenue of $96.80 million for the quarter, compared to analyst estimates of $96.61 million. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. The company's quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 EPS. On average, 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.