Deutsche Bank AG Purchases 28,832 Shares of Cohu, Inc. (NASDAQ:COHU)

Deutsche Bank AG increased its position in Cohu, Inc. (NASDAQ:COHU) by 70.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 69,558 shares of the semiconductor company’s stock after buying an additional 28,832 shares during the period. Deutsche Bank AG owned about 0.15% of Cohu worth $1,857,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Cohu by 1,225.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock worth $37,000 after buying an additional 1,287 shares during the period. Sterling Capital Management LLC grew its holdings in Cohu by 826.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 1,323 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Cohu by 413.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 1,401 shares in the last quarter. KBC Group NV grew its holdings in Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 1,132 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings 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 buying an additional 486 shares in the last quarter. Institutional investors own 94.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on COHU shares. Stifel Nicolaus cut their price objective 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 cut their price objective on shares of Cohu from $27.00 to $22.00 and set a “buy” rating for the company in a report on Friday, May 2nd. B. Riley reduced their target price on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Wall Street Zen cut Cohu from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $28.43.

Cohu Price Performance

Cohu stock opened at $16.96 on Friday. The company has a market cap of $788.69 million, a price-to-earnings ratio of -11.31 and a beta of 1.22. The firm’s fifty day moving average is $15.85 and its 200 day moving average is $21.09. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 52-week low of $12.57 and a 52-week high of $36.60.

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

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.