Cohu, Inc. (NASDAQ:COHU) Shares Purchased by Meros Investment Management LP

Meros Investment Management LP raised its position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 1,701.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,133 shares of the semiconductor company's stock after buying an additional 170,133 shares during the period. Cohu comprises about 2.2% of Meros Investment Management LP's holdings, making the stock its 24th largest holding. Meros Investment Management LP owned about 0.39% of Cohu worth $4,810,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake 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 increased its holdings in Cohu by 826.9% during the 4th 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 during the period. Smartleaf Asset Management LLC increased its holdings in Cohu by 413.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock worth $46,000 after purchasing an additional 1,401 shares during the period. KBC Group NV boosted its stake in shares of 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. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Cohu by 14.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company's stock valued at $103,000 after buying an additional 486 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Stock Performance

Shares of COHU traded down $0.07 during midday trading on Friday, reaching $17.76. 312,600 shares of the stock were exchanged, compared to its average volume of 404,226. The company has a market capitalization of $825.89 million, a price-to-earnings ratio of -11.84 and a beta of 1.22. 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 twelve month low of $12.57 and a twelve month high of $36.60. The business's 50-day moving average price is $15.78 and its 200 day moving average price is $21.47.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.14. The company had revenue of $96.80 million for the quarter, compared to analyst estimates of $96.61 million. Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. Cohu's quarterly revenue was down 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 earnings per share. On average, sell-side analysts expect that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on COHU. TD Cowen reduced their target price on shares of Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. StockNews.com lowered shares of Cohu from a "hold" rating to a "sell" rating in a report on Tuesday. B. Riley decreased their price objective on shares of Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Stifel Nicolaus dropped their target price on 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 research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company 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.