Millennium Management LLC Sells 26,136 Shares of Cohu, Inc. (NASDAQ:COHU)

Millennium Management LLC cut its position in shares of Cohu, Inc. (NASDAQ:COHU) by 56.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,465 shares of the semiconductor company’s stock after selling 26,136 shares during the quarter. Millennium Management LLC’s holdings in Cohu were worth $546,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of COHU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cohu by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,309 shares of the semiconductor company’s stock worth $702,000 after purchasing an additional 837 shares during the period. Frontier Capital Management Co. LLC grew its stake in shares of Cohu by 52.2% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company’s stock valued at $30,420,000 after buying an additional 390,558 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Cohu by 70.8% in the fourth quarter. Deutsche Bank AG now owns 69,558 shares of the semiconductor company’s stock worth $1,857,000 after buying an additional 28,832 shares during the period. Dean Capital Management increased its holdings in shares of Cohu by 25.3% in the fourth quarter. Dean Capital Management now owns 69,693 shares of the semiconductor company’s stock worth $1,861,000 after buying an additional 14,077 shares during the period. Finally, Brevan Howard Capital Management LP lifted its stake in shares of Cohu by 76.9% in the 4th quarter. Brevan Howard Capital Management LP now owns 15,715 shares of the semiconductor company’s stock valued at $420,000 after acquiring an additional 6,829 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors.

Cohu Trading Up 1.8%

Shares of COHU opened at $18.26 on Monday. Cohu, Inc. has a 1-year low of $12.57 and a 1-year high of $36.60. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $16.14 and its 200-day moving average price is $20.40. The firm has a market capitalization of $849.14 million, a price-to-earnings ratio of -12.17 and a beta of 1.25.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.14. The firm had revenue of $96.80 million for 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%. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 EPS. Sell-side analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current year.

Analyst Ratings Changes

COHU has been the topic of a number of analyst reports. Stifel Nicolaus decreased their price target on Cohu from $35.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Wall Street Zen downgraded shares of Cohu from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. TD Cowen dropped their price target on shares of 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 decreased their price objective 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. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research note 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $28.43.

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.