Vanguard Group Inc. Has $116.13 Million Position in Cohu, Inc. (NASDAQ:COHU)

Vanguard Group Inc. trimmed its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,349,523 shares of the semiconductor company's stock after selling 48,487 shares during the period. Vanguard Group Inc. owned 9.33% of Cohu worth $116,132,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Thrivent Financial for Lutherans increased its stake in shares of Cohu by 78.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company's stock valued at $69,827,000 after buying an additional 1,152,825 shares in the last quarter. Franklin Resources Inc. grew its holdings in Cohu by 25.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company's stock worth $82,134,000 after acquiring an additional 647,828 shares during the last quarter. Royce & Associates LP increased its position in Cohu by 28.0% in the 4th quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company's stock valued at $38,512,000 after acquiring an additional 315,605 shares in the last quarter. Lightrock Netherlands B.V. bought a new position in shares of Cohu in the fourth quarter worth about $8,016,000. Finally, Leeward Investments LLC MA bought a new position in shares of Cohu in the fourth quarter worth about $7,076,000. Institutional investors own 94.67% of the company's stock.

Cohu Trading Up 0.6 %

Shares of NASDAQ:COHU traded up $0.09 during midday trading on Friday, hitting $14.39. The company had a trading volume of 634,463 shares, compared to its average volume of 377,911. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 12 month low of $12.57 and a 12 month high of $36.60. The firm has a fifty day simple moving average of $17.81 and a 200 day simple moving average of $22.96. The stock has a market cap of $669.71 million, a price-to-earnings ratio of -9.59 and a beta of 1.39.

Cohu (NASDAQ:COHU - Get Free Report) last posted its earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. On average, analysts predict that Cohu, Inc. will post -0.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on COHU. B. Riley lowered 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. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus dropped their target price on Cohu from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Cohu currently has a consensus rating of "Hold" and a consensus target price of $30.57.

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.