Paradigm Capital Management Inc. NY Reduces Position in Cohu, Inc. (NASDAQ:COHU)

Paradigm Capital Management Inc. NY decreased its position in Cohu, Inc. (NASDAQ:COHU - Free Report) by 35.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 479,749 shares of the semiconductor company's stock after selling 262,985 shares during the period. Paradigm Capital Management Inc. NY owned about 1.03% of Cohu worth $12,809,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in Cohu by 15.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock valued at $30,678,000 after buying an additional 154,550 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Cohu by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 926,322 shares of the semiconductor company's stock valued at $24,733,000 after acquiring an additional 19,236 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cohu by 8.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 677,370 shares of the semiconductor company's stock worth $18,086,000 after purchasing an additional 53,096 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Cohu by 2.2% during the fourth quarter. Principal Financial Group Inc. now owns 226,031 shares of the semiconductor company's stock worth $6,035,000 after purchasing an additional 4,920 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Cohu in the fourth quarter worth about $288,000. 94.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on COHU shares. B. Riley lowered their price target on Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, February 14th. StockNews.com cut Cohu from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. TD Cowen dropped their price target on Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Stifel Nicolaus cut their price target 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. Finally, Needham & Company LLC restated a "hold" rating on shares of Cohu in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $28.43.

Cohu Trading Down 0.2%

Cohu stock opened at $17.73 on Tuesday. Cohu, Inc. has a 12 month low of $12.57 and a 12 month high of $36.60. The company has a market capitalization of $824.50 million, a price-to-earnings ratio of -11.82 and a beta of 1.22. The business's fifty day simple moving average is $15.83 and its two-hundred day simple moving average is $21.28. 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 posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $96.80 million during the quarter, compared to analyst estimates of $96.61 million. During the same quarter in the previous year, the firm earned $0.01 EPS. Cohu's quarterly revenue was down 10.0% compared to the same quarter last year. As a group, equities analysts predict 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.

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