D.A. Davidson & CO. Reduces Position in Cohu, Inc. (NASDAQ:COHU)

D.A. Davidson & CO. cut its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 9.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,151 shares of the semiconductor company’s stock after selling 1,200 shares during the quarter. D.A. Davidson & CO.’s holdings in Cohu were worth $164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in COHU. Charles Schwab Investment Management Inc. lifted its holdings in Cohu by 8.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 677,370 shares of the semiconductor company’s stock valued at $18,086,000 after purchasing an additional 53,096 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Cohu in the fourth quarter worth about $903,000. Amundi lifted its holdings in shares of Cohu by 174.5% in the fourth quarter. Amundi now owns 22,675 shares of the semiconductor company’s stock worth $598,000 after buying an additional 14,415 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Cohu by 54.7% in the fourth quarter. Natixis Advisors LLC now owns 22,761 shares of the semiconductor company’s stock worth $608,000 after buying an additional 8,047 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Cohu by 28.0% in the fourth quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company’s stock worth $38,512,000 after buying an additional 315,605 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COHU has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Cohu from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a report on Friday, May 2nd. Stifel Nicolaus lowered their price target on shares of Cohu from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, TD Cowen decreased their price objective on shares of Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cohu currently has a consensus rating of “Hold” and an average price target of $28.43.

Cohu Trading Down 1.6%

Shares of NASDAQ COHU opened at $20.27 on Friday. The stock has a market cap of $942.56 million, a P/E ratio of -10.96 and a beta of 1.27. The firm has a 50-day moving average of $18.36 and a 200 day moving average of $19.17. Cohu, Inc. has a 1 year low of $12.57 and a 1 year high of $35.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.20 and a quick ratio of 3.69.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.14. The business had revenue of $96.80 million during the quarter, compared to analyst estimates of $96.61 million. Cohu had a negative net margin of 21.99% and a negative return on equity of 3.76%. Cohu’s revenue was down 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS. As a group, sell-side analysts expect that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

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.