Voya Investment Management LLC increased its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 14.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 228,632 shares of the semiconductor company's stock after acquiring an additional 29,382 shares during the period. Voya Investment Management LLC owned approximately 0.49% of Cohu worth $6,104,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in Cohu by 78.8% during 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 purchasing an additional 1,152,825 shares in the last quarter. Franklin Resources Inc. lifted its stake in Cohu by 25.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company's stock valued at $82,134,000 after buying an additional 647,828 shares in the last quarter. Royce & Associates LP boosted its holdings in Cohu by 28.0% in the 4th quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company's stock worth $38,512,000 after buying an additional 315,605 shares during the last quarter. Lightrock Netherlands B.V. purchased a new stake in Cohu during the 4th quarter worth approximately $8,016,000. Finally, Leeward Investments LLC MA acquired a new position in shares of Cohu during the fourth quarter valued at approximately $7,076,000. Hedge funds and other institutional investors own 94.67% of the company's stock.
Cohu Trading Down 2.6 %
NASDAQ:COHU traded down $0.42 on Tuesday, hitting $16.00. The stock had a trading volume of 34,374 shares, compared to its average volume of 395,810. The company has a fifty day moving average price of $15.96 and a two-hundred day moving average price of $21.88. Cohu, Inc. has a 1-year low of $12.57 and a 1-year high of $36.60. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The stock has a market cap of $744.64 million, a price-to-earnings ratio of -10.65 and a beta of 1.22.
Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.14. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. The firm had revenue of $96.80 million for the quarter, compared to analysts' expectations of $96.61 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The firm's quarterly revenue was down 10.0% on a year-over-year basis. Equities research analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
COHU has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their price target on Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Friday. TD Cowen lowered their target price on shares of Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday. B. Riley reduced their target price on shares of Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Needham & Company LLC restated a "hold" rating on shares of Cohu in a research report on Friday. Finally, StockNews.com upgraded shares of Cohu from a "sell" rating to a "hold" rating in a report on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $28.43.
Check Out Our Latest Report on Cohu
Cohu Company Profile
(
Free Report)
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.
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