First Trust Advisors LP Has $659,000 Stock Holdings in Cohu, Inc. (NASDAQ:COHU)

First Trust Advisors LP grew its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 55.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 24,696 shares of the semiconductor company’s stock after acquiring an additional 8,762 shares during the quarter. First Trust Advisors LP owned about 0.05% of Cohu worth $659,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in Cohu by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 926,322 shares of the semiconductor company’s stock worth $24,733,000 after purchasing an additional 19,236 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cohu by 8.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 677,370 shares of the semiconductor company’s stock worth $18,086,000 after acquiring an additional 53,096 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Cohu by 2.2% during the 4th quarter. Principal Financial Group Inc. now owns 226,031 shares of the semiconductor company’s stock worth $6,035,000 after acquiring an additional 4,920 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Cohu during the 4th quarter worth approximately $288,000. Finally, Proficio Capital Partners LLC bought a new position in Cohu in the fourth quarter valued at approximately $903,000. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Trading Up 2.2 %

Shares of NASDAQ COHU opened at $16.19 on Friday. The firm has a 50 day moving average price of $15.77 and a two-hundred day moving average price of $21.74. The stock has a market cap of $753.62 million, a P/E ratio of -10.80 and a beta of 1.22. Cohu, Inc. has a 52-week low of $12.57 and a 52-week high of $36.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.14. The business had revenue of $96.80 million during the quarter, compared to the consensus estimate of $96.61 million. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. Cohu’s quarterly revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 earnings per share. As a group, equities analysts forecast that Cohu, Inc. will post -0.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on COHU. Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a report on Friday, May 2nd. StockNews.com upgraded Cohu from a “sell” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus dropped their target price on shares of Cohu from $35.00 to $28.00 and set a “buy” rating for the company in a report on Friday, May 2nd. TD Cowen decreased their price target on shares of Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, B. Riley dropped 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $28.43.

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.