Prudential Financial Inc. Lowers Stock Holdings in Cohu, Inc. (NASDAQ:COHU)

Prudential Financial Inc. cut its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,179 shares of the semiconductor company’s stock after selling 1,641 shares during the quarter. Prudential Financial Inc. owned approximately 0.10% of Cohu worth $1,204,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. 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 in the last quarter. Thrivent Financial for Lutherans increased 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 buying an additional 1,152,825 shares during the period. Royce & Associates LP increased its holdings in Cohu by 28.0% during 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. Geode Capital Management LLC raised its stake in Cohu by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,114,394 shares of the semiconductor company’s stock worth $28,645,000 after buying an additional 9,563 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Cohu by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 926,322 shares of the semiconductor company’s stock valued at $24,733,000 after acquiring an additional 19,236 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Trading Down 2.5 %

NASDAQ:COHU opened at $13.38 on Monday. The company has a market capitalization of $624.98 million, a P/E ratio of -8.92 and a beta of 1.39. 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 $18.98 and a 200-day simple moving average of $23.47.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research note on Tuesday, February 25th. Stifel Nicolaus cut their price objective on shares of Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, B. Riley reduced their price objective on shares of Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.57.

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.