Mackenzie Financial Corp reduced its stake in Cohu, Inc. (NASDAQ:COHU – Free Report) by 64.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,520 shares of the semiconductor company’s stock after selling 13,917 shares during the period. Mackenzie Financial Corp’s holdings in Cohu were worth $266,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Louisiana State Employees Retirement System bought a new position in Cohu in the fourth quarter worth about $842,000. Meeder Asset Management Inc. bought a new position in Cohu in the fourth quarter worth about $35,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Cohu by 4.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,314 shares of the semiconductor company’s stock worth $754,000 after buying an additional 865 shares in the last quarter. Altfest L J & Co. Inc. bought a new position in Cohu in the fourth quarter worth about $250,000. Finally, Pacer Advisors Inc. grew its holdings in Cohu by 61.3% in the fourth 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 during the period. 94.67% of the stock is owned by institutional investors.
Cohu Trading Up 0.8 %
NASDAQ:COHU opened at $31.08 on Monday. The company’s 50 day moving average price is $31.52 and its 200-day moving average price is $32.56. 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. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 52.68 and a beta of 1.52.
Analyst Upgrades and Downgrades
COHU has been the topic of a number of recent research reports. TD Cowen upped their price objective on shares of Cohu from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Needham & Company LLC restated a “buy” rating and issued a $36.00 price objective on shares of Cohu in a report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.50.
View Our Latest Stock Report on COHU
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.
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