Millennium Management LLC Has $546,000 Stake in Cohu, Inc. (NASDAQ:COHU)

Millennium Management LLC trimmed its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 56.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,465 shares of the semiconductor company's stock after selling 26,136 shares during the quarter. Millennium Management LLC's holdings in Cohu were worth $546,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of COHU. Tower Research Capital LLC TRC increased its position in shares of Cohu by 14.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company's stock worth $103,000 after purchasing an additional 486 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Cohu by 3.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,309 shares of the semiconductor company's stock worth $702,000 after buying an additional 837 shares in the last quarter. KBC Group NV increased its holdings in Cohu by 75.7% in the 4th 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 period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Cohu by 1,225.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock valued at $37,000 after buying an additional 1,287 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Cohu by 826.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock valued at $40,000 after buying an additional 1,323 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Cohu from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Needham & Company LLC restated a "hold" rating on shares of Cohu in a research note on Friday, May 2nd. Stifel Nicolaus decreased their price target on Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. TD Cowen lowered their price target on Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, B. Riley dropped their price objective on Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $28.43.

Cohu Trading Down 1.4%

NASDAQ COHU traded down $0.27 during trading hours on Thursday, reaching $18.84. The company's stock had a trading volume of 317,742 shares, compared to its average volume of 414,036. The firm has a fifty day simple moving average of $16.44 and a 200-day simple moving average of $20.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. Cohu, Inc. has a 52 week low of $12.57 and a 52 week high of $36.60. The stock has a market cap of $876.12 million, a P/E ratio of -12.56 and a beta of 1.25.

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, beating the consensus estimate of ($0.16) by $0.14. Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. The firm had revenue of $96.80 million during the quarter, compared to the consensus estimate of $96.61 million. During the same quarter last year, the firm earned $0.01 earnings per share. The company's revenue for the quarter was down 10.0% on a year-over-year basis. Equities analysts forecast that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

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.