Bank of America Corp DE Buys 52,141 Shares of Cohu, Inc. (NASDAQ:COHU)

Bank of America Corp DE grew its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 89.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 110,722 shares of the semiconductor company’s stock after acquiring an additional 52,141 shares during the period. Bank of America Corp DE owned about 0.24% of Cohu worth $2,956,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Cohu by 1,225.7% during the fourth 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 shares of Cohu by 826.9% during the fourth 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 during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Cohu by 413.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 1,401 shares during the last quarter. KBC Group NV increased its position in shares of 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 purchasing an additional 1,132 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Cohu by 14.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company’s stock worth $103,000 after acquiring an additional 486 shares during the period. Institutional investors own 94.67% of the company’s stock.

Cohu Trading Down 3.4%

Cohu stock opened at $17.07 on Friday. The company has a market capitalization of $793.81 million, a price-to-earnings ratio of -11.38 and a beta of 1.22. 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 business’s fifty day simple moving average is $15.89 and its two-hundred day simple moving average is $20.69.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on COHU shares. B. Riley lowered their price target on shares of Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Cohu 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. Stifel Nicolaus dropped their price target on shares of Cohu from $35.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Finally, Wall Street Zen cut shares of Cohu from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.43.

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.