Cohu, Inc. (NASDAQ:COHU) Stock Holdings Lessened by abrdn plc

abrdn plc lowered its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 11.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 692,555 shares of the semiconductor company's stock after selling 88,607 shares during the quarter. abrdn plc owned approximately 1.46% of Cohu worth $24,510,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in COHU. Meeder Asset Management Inc. purchased a new stake in shares of Cohu during the fourth quarter worth about $35,000. Teza Capital Management LLC purchased a new position in Cohu during the 3rd quarter valued at approximately $212,000. Altfest L J & Co. Inc. purchased a new position in Cohu during the 4th quarter valued at approximately $250,000. Inspire Investing LLC grew its holdings in Cohu by 17.3% during the 3rd 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 in the last quarter. Finally, TD Asset Management Inc grew its holdings in Cohu by 38.6% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.

Analysts Set New Price Targets

COHU has been the subject of several research analyst reports. Needham & Company LLC restated a "buy" rating and set a $36.00 price target on shares of Cohu in a report on Friday, February 16th. TD Cowen boosted their target price on Cohu from $38.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Cohu currently has an average rating of "Moderate Buy" and a consensus price target of $43.50.

Cohu Trading Up 1.4 %

Cohu stock traded up $0.41 during midday trading on Wednesday, reaching $30.36. The stock had a trading volume of 199,231 shares, compared to its average volume of 281,707. The company has a quick ratio of 4.67, a current ratio of 6.18 and a debt-to-equity ratio of 0.04. Cohu, Inc. has a 52-week low of $28.57 and a 52-week high of $43.99. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 51.46 and a beta of 1.52. The company has a fifty day moving average of $31.68 and a 200 day moving average of $32.66.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. Cohu had a net margin of 4.42% and a return on equity of 6.73%. The company had revenue of $137.23 million for the quarter, compared to analyst estimates of $136.94 million. During the same period in the prior year, the company posted $0.63 EPS. The firm's revenue for the quarter was down 28.2% on a year-over-year basis. On average, analysts anticipate that Cohu, Inc. will post 0.22 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.