Sei Investments Co. Buys 1,587 Shares of Cohu, Inc. (NASDAQ:COHU)

Sei Investments Co. grew its stake in Cohu, Inc. (NASDAQ:COHU) by 19.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,790 shares of the semiconductor company’s stock after acquiring an additional 1,587 shares during the quarter. Sei Investments Co.’s holdings in Cohu were worth $261,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in Cohu by 413.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 1,401 shares during the last quarter. KBC Group NV lifted its holdings in shares of Cohu by 75.7% during the fourth quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 1,132 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Cohu during the fourth quarter valued at $120,000. Morgan Dempsey Capital Management LLC boosted its position in shares of Cohu by 24.8% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 7,609 shares of the semiconductor company’s stock valued at $203,000 after buying an additional 1,513 shares during the last quarter. Finally, Sheets Smith Wealth Management bought a new stake in Cohu in the 4th quarter worth about $205,000. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Stock Down 6.0 %

Shares of COHU stock opened at $14.30 on Friday. Cohu, Inc. has a 52 week low of $12.57 and a 52 week 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 company’s fifty day simple moving average is $17.98 and its two-hundred day simple moving average is $23.04. The stock has a market cap of $665.52 million, a P/E ratio of -9.53 and a beta of 1.39.

Cohu (NASDAQ:COHU) last released its quarterly 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%. Analysts predict that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on COHU shares. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a report on Tuesday, February 25th. Stifel Nicolaus reduced their price objective on Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, B. Riley cut their price target on Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Two 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. Based on data from MarketBeat.com, Cohu currently has an average rating of “Hold” and an average price target 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.