Jane Street Group LLC Lowers Stock Holdings in Cohu, Inc. (NASDAQ:COHU)

Jane Street Group LLC lowered its stake in Cohu, Inc. (NASDAQ:COHU - Free Report) by 88.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,592 shares of the semiconductor company's stock after selling 58,820 shares during the period. Jane Street Group LLC's holdings in Cohu were worth $203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Franklin Resources Inc. raised its position in Cohu by 1.4% in the 4th quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company's stock valued at $85,207,000 after purchasing an additional 45,571 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Cohu by 78.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company's stock worth $69,827,000 after acquiring an additional 1,152,825 shares in the last quarter. Royce & Associates LP raised its position in shares of Cohu by 28.0% during the 4th quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company's stock worth $38,512,000 after acquiring an additional 315,605 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Cohu by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 926,322 shares of the semiconductor company's stock worth $24,733,000 after acquiring an additional 19,236 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Cohu by 8.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 677,370 shares of the semiconductor company's stock worth $18,086,000 after acquiring an additional 53,096 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company's stock.

Wall Street Analysts Forecast Growth

COHU has been the topic of several research analyst reports. TD Cowen cut 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. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a research 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. Stifel Nicolaus cut their target price on Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, B. Riley cut their target price on Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $28.43.

Cohu Stock Performance

NASDAQ:COHU traded up $0.84 during mid-day trading on Monday, reaching $19.10. 369,693 shares of the stock were exchanged, compared to its average volume of 412,911. The company has a 50 day simple moving average of $16.22 and a 200-day simple moving average of $20.34. The stock has a market capitalization of $888.21 million, a P/E ratio of -12.73 and a beta of 1.25. 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, Inc. has a 1 year low of $12.57 and a 1 year high of $36.60.

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