Cohu, Inc. (NASDAQ:COHU) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of Cohu, Inc. (NASDAQ:COHU) by 0.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,189 shares of the semiconductor company’s stock after selling 1,183 shares during the period. Rhumbline Advisers owned about 0.30% of Cohu worth $2,077,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of 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 acquiring an additional 1,287 shares during the period. Sterling Capital Management LLC grew its stake in Cohu by 826.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 1,323 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Cohu by 413.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 1,401 shares during the period. Versant Capital Management Inc boosted its position in shares of Cohu by 232.0% during the first quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company’s stock worth $36,000 after buying an additional 1,689 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Cohu by 14.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company’s stock worth $103,000 after buying an additional 486 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analysts Set New Price Targets

COHU has been the topic of several research reports. TD Cowen dropped their price target on Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. 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 research report on Friday, May 2nd. Wall Street Zen cut shares of Cohu from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.43.

Cohu Trading Up 3.9%

NASDAQ:COHU opened at $18.56 on Tuesday. 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 stock has a market capitalization of $863.10 million, a PE ratio of -12.37 and a beta of 1.25. The firm’s 50 day moving average is $16.73 and its 200 day moving average is $20.08. Cohu, Inc. has a 12 month low of $12.57 and a 12 month high of $36.60.

Cohu (NASDAQ:COHU) last issued its 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 business had revenue of $96.80 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 EPS. Sell-side analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current 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.