Tributary Capital Management LLC Purchases 22,800 Shares of Cohu, Inc. (NASDAQ:COHU)

Tributary Capital Management LLC increased its position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 611,372 shares of the semiconductor company's stock after purchasing an additional 22,800 shares during the period. Tributary Capital Management LLC owned approximately 1.31% of Cohu worth $8,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in COHU. Charles Schwab Investment Management Inc. grew its position in 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 during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Cohu in the fourth quarter valued at approximately $903,000. Amundi grew its holdings in Cohu by 174.5% during the fourth quarter. Amundi now owns 22,675 shares of the semiconductor company's stock valued at $598,000 after purchasing an additional 14,415 shares during the period. Natixis Advisors LLC lifted its position in shares of Cohu by 54.7% during the fourth quarter. Natixis Advisors LLC now owns 22,761 shares of the semiconductor company's stock worth $608,000 after acquiring an additional 8,047 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Cohu by 78.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company's stock worth $69,827,000 after buying an additional 1,152,825 shares in the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Stock Up 1.6%

Shares of NASDAQ COHU traded up $0.32 during mid-day trading on Thursday, reaching $20.03. The company had a trading volume of 259,389 shares, compared to its average volume of 408,818. The company has a market capitalization of $931.40 million, a price-to-earnings ratio of -10.83 and a beta of 1.27. The stock has a fifty day moving average of $18.65 and a two-hundred day moving average of $19.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 5.20. Cohu, Inc. has a 12-month low of $12.57 and a 12-month high of $34.22.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings data 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. Cohu had a negative return on equity of 3.76% and a negative net margin of 21.99%. The company had revenue of $96.80 million during the quarter, compared to analysts' expectations of $96.61 million. During the same period last year, the business earned $0.01 earnings per share. The business's revenue was down 10.0% on a year-over-year basis. As a group, equities research analysts expect that Cohu, Inc. will post -0.36 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on COHU. Needham & Company LLC reiterated a "hold" rating on shares of Cohu in a report on Friday, May 2nd. Stifel Nicolaus dropped their target price 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. Wall Street Zen downgraded shares of Cohu from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, TD Cowen lowered their price objective on shares of Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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.