Victory Capital Management Inc. Grows Stock Position in Cohu, Inc. (NASDAQ:COHU)

Victory Capital Management Inc. lifted its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,977,319 shares of the semiconductor company's stock after purchasing an additional 100,388 shares during the quarter. Victory Capital Management Inc. owned approximately 6.27% of Cohu worth $105,367,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of COHU. TimesSquare Capital Management LLC lifted its holdings in shares of Cohu by 166.1% during the third quarter. TimesSquare Capital Management LLC now owns 647,338 shares of the semiconductor company's stock worth $22,294,000 after buying an additional 404,028 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Cohu by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,105,906 shares of the semiconductor company's stock worth $141,407,000 after acquiring an additional 295,456 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Cohu by 61.3% during the 4th quarter. Pacer Advisors Inc. now owns 751,039 shares of the semiconductor company's stock worth $26,579,000 after purchasing an additional 285,537 shares in the last quarter. American Century Companies Inc. increased its position in shares of Cohu by 22.9% during the third quarter. American Century Companies Inc. now owns 974,605 shares of the semiconductor company's stock valued at $33,565,000 after purchasing an additional 181,689 shares during the period. Finally, Invesco Ltd. boosted its stake in Cohu by 15.4% during the third quarter. Invesco Ltd. now owns 745,661 shares of the semiconductor company's stock worth $25,681,000 after buying an additional 99,544 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company's stock.

Wall Street Analyst Weigh In

COHU has been the topic of several recent analyst reports. Craig Hallum decreased their price target on Cohu from $35.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday. Needham & Company LLC restated a "buy" rating and issued a $36.00 target price on shares of Cohu in a research note on Friday, February 16th. B. Riley decreased their price objective on shares of Cohu from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Friday. Finally, TD Cowen dropped their price objective on shares of Cohu from $40.00 to $36.00 and set a "buy" rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

Cohu Trading Down 2.4 %

COHU stock traded down $0.74 during midday trading on Friday, reaching $29.60. The company's stock had a trading volume of 313,206 shares, compared to its average volume of 282,456. The business's 50-day simple moving average is $31.39 and its 200-day simple moving average is $32.46. The stock has a market cap of $1.39 billion, a PE ratio of 50.22 and a beta of 1.54. 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.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. The business had revenue of $137.23 million during the quarter, compared to analysts' expectations of $136.94 million. Cohu had a return on equity of 6.73% and a net margin of 4.42%. The firm's quarterly revenue was down 28.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 earnings per share. As a group, sell-side analysts expect that Cohu, Inc. will post 0.22 EPS 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.