Cohu, Inc. (NASDAQ:COHU) Stake Reduced by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY lessened its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 479,749 shares of the semiconductor company's stock after selling 262,985 shares during the quarter. Paradigm Capital Management Inc. NY owned 1.03% of Cohu worth $12,809,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Cohu by 1,225.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 1,287 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Cohu by 826.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 1,323 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Cohu by 413.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock worth $46,000 after buying an additional 1,401 shares during the period. KBC Group NV grew its stake 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 in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Cohu by 14.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company's stock worth $103,000 after acquiring an additional 486 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.

Cohu Stock Down 1.9%

Cohu stock traded down $0.32 during midday trading on Friday, hitting $16.96. The stock had a trading volume of 340,026 shares, compared to its average volume of 404,381. The business has a fifty day moving average price of $15.85 and a 200 day moving average price of $21.04. Cohu, Inc. has a 12 month low of $12.57 and a 12 month high of $36.60. The stock has a market cap of $788.69 million, a P/E ratio of -11.31 and a beta of 1.22. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $96.80 million during the quarter, compared to the consensus estimate of $96.61 million. During the same period in the previous year, the business earned $0.01 EPS. The business's quarterly revenue was down 10.0% on a year-over-year basis. Research analysts predict that Cohu, Inc. will post -0.36 EPS for the current year.

Analysts Set New Price Targets

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

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.