Cohu, Inc. (NASDAQ:COHU) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its holdings in Cohu, Inc. (NASDAQ:COHU) by 9.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 511,278 shares of the semiconductor company’s stock after purchasing an additional 43,307 shares during the period. Northern Trust Corp owned about 1.10% of Cohu worth $13,651,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in COHU. Voya Investment Management LLC boosted its position in Cohu by 14.7% during the 4th quarter. Voya Investment Management LLC now owns 228,632 shares of the semiconductor company’s stock valued at $6,104,000 after purchasing an additional 29,382 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Cohu by 11.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,163 shares of the semiconductor company’s stock valued at $1,126,000 after purchasing an additional 4,422 shares during the period. Tower Research Capital LLC TRC boosted its position in Cohu by 14.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 486 shares during the period. MetLife Investment Management LLC boosted its position in Cohu by 7.7% during the 4th quarter. MetLife Investment Management LLC now owns 28,705 shares of the semiconductor company’s stock valued at $766,000 after purchasing an additional 2,042 shares during the period. Finally, First Trust Advisors LP boosted its position in Cohu by 55.0% during the 4th quarter. First Trust Advisors LP now owns 24,696 shares of the semiconductor company’s stock valued at $659,000 after purchasing an additional 8,762 shares during the period. 94.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COHU shares. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research report on Friday, May 2nd. TD Cowen reduced their price objective on Cohu from $27.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. B. Riley reduced their price target on Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 14th. StockNews.com lowered Cohu from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Stifel Nicolaus reduced their price target on Cohu from $35.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Cohu has a consensus rating of “Hold” and a consensus price target of $28.43.

Cohu Stock Down 1.2%

NASDAQ:COHU opened at $17.83 on Friday. The business’s fifty day moving average price is $15.78 and its 200 day moving average price is $21.47. 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 1-year low of $12.57 and a 1-year high of $36.60. The firm has a market capitalization of $829.15 million, a price-to-earnings ratio of -11.89 and a beta of 1.22.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $96.61 million. During the same quarter in the prior year, the company earned $0.01 EPS. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, sell-side analysts forecast that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

Cohu 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.