Wedge Capital Management L L P NC Makes New $1.59 Million Investment in Cohu, Inc. (NASDAQ:COHU)

Wedge Capital Management L L P NC acquired a new position in Cohu, Inc. (NASDAQ:COHU - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 107,803 shares of the semiconductor company's stock, valued at approximately $1,586,000. Wedge Capital Management L L P NC owned 0.23% of Cohu at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of COHU. Ameriprise Financial Inc. lifted its stake in shares of Cohu by 15.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock valued at $30,678,000 after purchasing an additional 154,550 shares during the period. Bank of New York Mellon Corp raised its holdings in Cohu by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 926,322 shares of the semiconductor company's stock worth $24,733,000 after purchasing an additional 19,236 shares in the last quarter. Bank of America Corp DE lifted its position in Cohu by 89.0% during the fourth quarter. Bank of America Corp DE now owns 110,722 shares of the semiconductor company's stock valued at $2,956,000 after buying an additional 52,141 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cohu by 8.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 677,370 shares of the semiconductor company's stock valued at $18,086,000 after buying an additional 53,096 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Cohu by 2.2% in the 4th quarter. Principal Financial Group Inc. now owns 226,031 shares of the semiconductor company's stock worth $6,035,000 after buying an additional 4,920 shares during the period. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Cohu Stock Performance

Shares of NASDAQ:COHU traded down $0.98 during midday trading on Friday, reaching $17.86. 248,698 shares of the company's stock traded hands, compared to its average volume of 414,797. Cohu, Inc. has a one year low of $12.57 and a one year high of $36.60. The stock has a 50 day moving average of $16.63 and a 200 day moving average of $20.22. The company has a market cap of $830.54 million, a price-to-earnings ratio of -11.91 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly 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. 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 for the quarter, compared to the consensus estimate of $96.61 million. During the same quarter last year, the firm posted $0.01 EPS. The business's quarterly revenue was down 10.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Cohu, Inc. will post -0.36 EPS 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.