Kovack Advisors Inc. Has $1.07 Million Position in Cohu, Inc. (NASDAQ:COHU)

Kovack Advisors Inc. boosted its stake in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 54.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,855 shares of the semiconductor company's stock after buying an additional 25,539 shares during the quarter. Kovack Advisors Inc. owned 0.16% of Cohu worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake in shares of Cohu by 18.6% during the first quarter. Victory Capital Management Inc. now owns 3,731,981 shares of the semiconductor company's stock valued at $54,897,000 after buying an additional 585,234 shares during the period. Frontier Capital Management Co. LLC raised its stake in shares of Cohu by 52.2% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company's stock valued at $30,420,000 after acquiring an additional 390,558 shares during the period. Meros Investment Management LP raised its stake in shares of Cohu by 1,701.3% in the 4th quarter. Meros Investment Management LP now owns 180,133 shares of the semiconductor company's stock valued at $4,810,000 after acquiring an additional 170,133 shares during the period. Foundry Partners LLC increased its stake in Cohu by 1,191.0% during the 4th quarter. Foundry Partners LLC now owns 176,168 shares of the semiconductor company's stock worth $4,704,000 after buying an additional 162,522 shares during the period. Finally, Leeward Investments LLC MA increased its stake in Cohu by 60.9% during the 1st quarter. Leeward Investments LLC MA now owns 426,531 shares of the semiconductor company's stock worth $6,274,000 after buying an additional 161,518 shares during the period. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Stock Up 0.4%

Shares of COHU traded up $0.08 during mid-day trading on Friday, hitting $19.05. 305,514 shares of the company's stock were exchanged, compared to its average volume of 266,773. The firm has a fifty day moving average of $18.88 and a two-hundred day moving average of $18.72. Cohu, Inc. has a twelve month low of $12.57 and a twelve month high of $32.69. The stock has a market cap of $885.83 million, a price-to-earnings ratio of -10.30 and a beta of 1.27. The company has a quick ratio of 3.69, a current ratio of 5.20 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU - Get Free Report) last posted its earnings results 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. The business had revenue of $96.80 million for the quarter, compared to analyst estimates of $96.61 million. Cohu had a negative net margin of 21.99% and a negative return on equity of 3.76%. Cohu's revenue was down 10.0% compared to the same quarter last year. During the same period last year, the business posted $0.01 EPS. On average, sell-side analysts forecast that Cohu, Inc. will post -0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

COHU has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Cohu from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Cohu in a research note on Friday, May 2nd. TD Cowen cut their target price on shares of Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Stifel Nicolaus lowered their price objective on shares of Cohu from $35.00 to $28.00 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 issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $27.17.

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.