Systematic Financial Management LP Acquires 36,759 Shares of Cohu, Inc. (NASDAQ:COHU)

Systematic Financial Management LP boosted its position in Cohu, Inc. (NASDAQ:COHU - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 922,106 shares of the semiconductor company's stock after acquiring an additional 36,759 shares during the period. Systematic Financial Management LP owned 1.98% of Cohu worth $24,620,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COHU. Franklin Resources Inc. lifted its position in Cohu by 1.4% during the 4th quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company's stock valued at $85,207,000 after purchasing an additional 45,571 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Cohu by 78.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company's stock worth $69,827,000 after buying an additional 1,152,825 shares during the last quarter. Royce & Associates LP lifted its holdings in Cohu by 28.0% in the fourth quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company's stock valued at $38,512,000 after buying an additional 315,605 shares during the period. Ameriprise Financial Inc. boosted its stake in Cohu by 15.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock valued at $30,678,000 after acquiring an additional 154,550 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in Cohu by 52.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company's stock worth $30,420,000 after acquiring an additional 390,558 shares during the period. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on COHU. TD Cowen cut their price target on Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a research report on Friday, May 2nd. B. Riley decreased their price target 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. Wall Street Zen downgraded Cohu from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, Stifel Nicolaus reduced 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. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $28.43.

Cohu Stock Up 2.1%

COHU traded up $0.36 during trading on Thursday, hitting $17.45. The company had a trading volume of 151,362 shares, compared to its average volume of 404,213. The company has a market capitalization of $811.62 million, a PE ratio of -11.61 and a beta of 1.22. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a one year low of $12.57 and a one year high of $36.60. The firm's 50-day moving average price is $15.85 and its 200 day moving average price is $21.23.

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