Foundry Partners LLC Decreases Stock Position in Cohu, Inc. (NASDAQ:COHU)

Foundry Partners LLC decreased its holdings in Cohu, Inc. (NASDAQ:COHU - Free Report) by 96.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,595 shares of the semiconductor company's stock after selling 159,379 shares during the quarter. Foundry Partners LLC's holdings in Cohu were worth $233,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in Cohu during the fourth quarter valued at $35,000. Teza Capital Management LLC purchased a new position in Cohu during the third quarter valued at $212,000. Altfest L J & Co. Inc. purchased a new position in Cohu during the fourth quarter valued at $250,000. Inspire Investing LLC lifted its position in Cohu by 17.3% during the third quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company's stock valued at $306,000 after buying an additional 1,313 shares during the period. Finally, TD Asset Management Inc lifted its position in Cohu by 38.6% during the third quarter. TD Asset Management Inc now owns 9,700 shares of the semiconductor company's stock valued at $334,000 after buying an additional 2,700 shares during the period. Hedge funds and other institutional investors own 94.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Needham & Company LLC reissued a "buy" rating and set a $36.00 price objective on shares of Cohu in a research report on Friday, February 16th. TD Cowen raised their price target on Cohu from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Cohu presently has an average rating of "Moderate Buy" and a consensus price target of $43.50.

Cohu Stock Up 3.0 %

Shares of NASDAQ:COHU traded up $0.88 on Tuesday, hitting $29.95. 214,034 shares of the company traded hands, compared to its average volume of 282,765. Cohu, Inc. has a 52 week low of $28.57 and a 52 week high of $43.99. The company has a quick ratio of 4.67, a current ratio of 6.18 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $31.68 and a 200-day simple moving average of $32.66. The company has a market cap of $1.41 billion, a PE ratio of 50.76 and a beta of 1.52.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Cohu had a return on equity of 6.73% and a net margin of 4.42%. The firm had revenue of $137.23 million during the quarter, compared to the consensus estimate of $136.94 million. During the same period last year, the company earned $0.63 earnings per share. The company's revenue was down 28.2% on a year-over-year basis. As a group, research analysts expect that Cohu, Inc. will post 0.22 earnings per share for the current year.

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.