Price T Rowe Associates Inc. MD Increases Position in Cohu, Inc. (NASDAQ:COHU)

Price T Rowe Associates Inc. MD lifted its position in shares of Cohu, Inc. (NASDAQ:COHU) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,163 shares of the semiconductor company’s stock after purchasing an additional 4,422 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Cohu were worth $1,126,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of COHU. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Cohu by 1,225.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 1,287 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Cohu by 826.9% during 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 during the last quarter. Smartleaf Asset Management LLC boosted its holdings 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 purchasing an additional 1,401 shares in the last quarter. KBC Group NV increased its stake in Cohu by 75.7% in the fourth 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 holdings in 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 purchasing an additional 486 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Price Performance

Shares of NASDAQ COHU opened at $16.36 on Friday. The stock has a fifty day moving average price of $15.74 and a 200 day moving average price of $21.68. Cohu, Inc. has a 1-year low of $12.57 and a 1-year high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The company has a market cap of $761.39 million, a PE ratio of -10.91 and a beta of 1.22.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.14. The business 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%. The business’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 earnings per share. Sell-side analysts forecast that Cohu, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

COHU has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research report on Friday, May 2nd. Stifel Nicolaus cut their target price on Cohu from $35.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. B. Riley dropped their price target on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. TD Cowen cut their price target on Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, StockNews.com upgraded shares of Cohu from a “sell” rating to a “hold” rating in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $28.43.

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.